Q. In step cost functions, the cost is increased by

View solution

Q. The individual activities such as machine setups, material handling, customer service and distribution of products are a part of

View solution

Q. A problem which arises because of the presence of systematic pattern in residual value sequence is considered as

View solution

Q. If the difference between costs linked to highest and lowest observation of cost driver, is $8000 and observation of cost driver is 40 machine hours, then slope coefficient will be

View solution

Q. The standard error of regression analysis is known as

View solution

Q. An analysis and estimation method of cost, by classifying cost accounts as fixed or variable with respect for specific output level is considered as

View solution

Q. An estimation of relationship between two or more independent variables and the dependent variables are classified as

View solution

Q. The second step for estimation of cost function by using quantitative analysis is to

View solution

Q. An estimation of relationship between one independent variable and the dependent variable is known as

View solution

Q. The goodness of fit predicted values is also known as

View solution

Q. The factor used to predict the dependent variable is named as

View solution

Q. In regression analysis, if the observed cost value is 62 and predicted cost value is 29, then the disturbance term would be

View solution

Q. An amount by which the total cost changes with respect to the change in level of activity is classified as

View solution

Q. An assumption of specification analysis states: any observation does not belong to any other observation's residual value, is classified as

View solution

Q. The most frequently used methods of quantitative analysis include

View solution

Q. If the residual error is 25 and the predicted cost value is 50, then the observed cost value would be

View solution

Q. In multicollinearity, the correlation coefficient between two independent variables must be greater than

View solution

Q. If the coefficients are similar for two accounting periods, then single cost relationship is estimated with the help of

View solution

Q. The relationship between independent variable and dependent variable must be

View solution

Q. In adjustment issues of costing, the database must contain reliable measure of

View solution