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What is dependent and independent variables in cost accounting?

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What is dependent and independent variables in cost accounting?
posted Jun 21, 2017 by Mukul Chag

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In accounting, a dependent variable is likely to be the total of a mixed cost that will change as the result of several factors. A factor that causes the change in the total cost is referred to as the independent variable.

In accounting, an independent variable is ideally a factor that causes a change in the total amount of the dependent variable. In other words, an independent variable should be something that drives a mixed cost to increase or decrease.

answer Jun 22, 2017 by Ananya Saha
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