Q. If the 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

View solution

Q. In quantitative analysis of estimating cost function, the last and foremost step is to

View solution

Q. The work measurement method of cost estimation is also called

View solution

Q. The function which is used to measure the decline in per unit cost of different business functions is classified as

View solution

Q. The worse fit between estimated cost and actual observations is shown on regression line with

View solution

Q. The slope coefficient of linear cost function is

View solution

Q. The learning curve models include

View solution

Q. For slope coefficient b, the value of the estimated coefficient is considered as

View solution

Q. If the difference between costs linked to highest and lowest observation of cost driver is $27000 and observation of cost driver is 90 machine hours, then slope coefficient would be

View solution

Q. The cause and effect relationship between activity and costs is the result of

View solution

Q. If the difference in costs is $9000 and the difference in machine hours is $15000, then slope coefficient would be

View solution

Q. To decide whether the cost is variable cost or fixed cost with respect to some specific activity depends upon

View solution

Q. In a given scenario, if the cost is considered as indirect cost then independent variable will be considered as

View solution

Q. The cost analysis method, which uses mathematical method to use fit between past data observations and cost functions is termed as

View solution

Q. The third step in estimation of cost function, by using quantitative analysis is collection of data for

View solution

Q. If the residual error is 51 and the predicted cost value is 37, then the observed cost value will be

View solution

Q. In estimation of cost function, an example of independent variable is

View solution

Q. In regression analysis, if an observed cost value is 65 and the disturbance error is 32 then predicted cost value will be

View solution

Q. The formula of 1 - unexplained variation ⁄ total variation is used to calculate

View solution

Q. The cause and effect relationship that exists between change in total cost level and change in level of activity, is measured with the help of

View solution