The statistical function that will help to determine the best cost driver for an activity is called Activity Cost Driver.
What is an Activity Cost Driver?
This is an accounting term. It describes the factor which increases or decreases the cost of specific business activity such as labor, maintenance, and other variable costs.
Examples of Activity Cost Drivers are:
- Machine setups
- power consumed
- quality inspections
- production orders etc.
See the link below for more about Activity Cost Driver:
https://brainly.com/question/26165222
