Q461
Open questionIf difference between costs linked to highest and lowest observation of cost driver is $36000 and observation of cost driver is 30 machine hours, then slope coefficient would be
Select an option to see the answer and solution.
Commerce · all questionsCosting
Costing
practice.
Practice every MCQ with options. Use Show answers when you want the correct option and solution.
1,309
Questions
24/66
Page
Pick an option on a question to see the right answer and solution.
Q462
Open questionIn quantitative analysis of estimating cost function, last and foremost step is to
Select an option to see the answer and solution.
Q463
Open questionWork measurement method of cost estimation is also called
Select an option to see the answer and solution.
Q464
Open questionFunction which is used to measure decline in per unit cost of different business functions is classified as
Select an option to see the answer and solution.
Q465
Open questionWorse fit between estimated cost and actual observations is shown on regression line with
Select an option to see the answer and solution.
Q466
Open questionSlope coefficient of linear cost function is
Select an option to see the answer and solution.
Q467
Open questionLearning curve models include
Select an option to see the answer and solution.
Q468
Open questionFor slope coefficient b, value of estimated coefficient is considered as
Select an option to see the answer and solution.
Q469
Open questionCause and effect relationship between activity and costs is result of
Select an option to see the answer and solution.
Q470
Open questionTo decide whether cost is variable cost or fixed cost with respect to some specific activity depends upon
Select an option to see the answer and solution.
Q471
Open questionIn a given scenario, if cost is considered as indirect cost then independent variable will be considered as
Select an option to see the answer and solution.
Q472
Open questionCost analysis method, which uses mathematical method to use fit between past data observations and cost functions is termed as
Select an option to see the answer and solution.
Q473
Open questionThird step in estimation of cost function, by using quantitative analysis is collection of data for
Select an option to see the answer and solution.
Q474
Open questionIf residual error is 51 and predicted cost value is 37, then observed cost value will be
Select an option to see the answer and solution.
Q475
Open questionIn estimation of cost function, an example of independent variable is
Select an option to see the answer and solution.
Q476
Open questionFormula of 1 - unexplained variation / total variation is used to calculate
Select an option to see the answer and solution.
Q477
Open questionCause and effect relationship that exists between change in total cost level and change in level of activity, is measured with help of
Select an option to see the answer and solution.
Q478
Open questionCost that has elements of variable and fixed costs at same time is
Select an option to see the answer and solution.
Q479
Open questionIf difference in costs is $32000 and slope coefficient is 0.40, then difference in machine hours would be
Select an option to see the answer and solution.
Q480
Open questionIn plotting of cost functions, level of activities according to which charged cost is represented on
Select an option to see the answer and solution.