The third step in estimation of cost function, by using quantitative analysis is collection of data for ___________?
A. cost and cost object B. price and cost driver C. dependent variable and cost driver D. independent variable and cost driver
Accounting MCQs with Answers
If the difference in costs is $9000 and the difference in machine hours is $15000, then slope coefficient would be ___________?
A. 1.24 B. 0.24 C. 0.6 D. 1.667
The learning curve models include ___________?
A. cumulative average time learning model B. incremental unit time learning model C. incremental production learning model D. both a and b
The worse fit between estimated cost and actual observations is shown on regression line with ___________?
A. larger residual terms B. zero residual terms C. variable residual terms D. smaller residual terms
The work measurement method of cost estimation is also called ___________?
A. price engineering method B. industrial engineering method C. measuring engineering method D. unit engineering method
An estimated coefficient, which indicates the degree by which the estimated values are affected by random factors is known as ___________?
A. standard error of estimated coefficient B. weighted error of estimated coefficient C. average of estimated coefficient D. variance of estimated coefficient
In Regression Analysis, the testing of assumptions if these are true or not is classified as ___________?
A. weighted analysis B. average analysis C. significance analysis D. specification analysis
The better fit between estimated cost and actual observations is represented by ___________?
A. variable residual terms B. smaller residual terms C. larger residual terms D. zero residual terms