BUS 202 Lecture Notes - Lecture 6: Standard Deviation, The Item, Schoolhouse Rock!
Document Summary
University of rhode island bus 202 managerial accounting. Used to better understand activities and their related-costs. Used to better allocate costs to products or services. Algebraic equation for a straight line y = a +bx. Specific meaning relative to costs y = dependent variable. The value of the equation that results from a specific quantity of the independent variable x = independent variable. The predicted or actual value of the factor that causes the total amount of the dependent variable to change a = y-intercept. The point where the line crosses the vertical (y) axis of a graph; so(cid:373)eti(cid:373)es (cid:272)alled the (cid:862)(cid:272)o(cid:374)sta(cid:374)t(cid:863) The rate of change in the dependent variable caused by a unit change in the independent variable y = total cost. The value of the equation can represent a single, specific cost, or a group of costs in either a cost pool, department or entity x = total volume.
