If the difference in costs is $7000 and the difference in machine hours of is $18000, then slope coefficient would be ____________?
A. 2.571 B. 0.39 C. 0.2571 D. 3.39
Accounting MCQs with Answers
The higher level of production leads to ____________?
A. higher repair cost B. higher setup cost C. lower repair cost D. higher setup cost
Within the relevant range, the cost function in which cost does not change in narrow ranges of activity is called ____________?
A. fixed cost function B. variable cost function C. step variable cost function D. step fixed cost function
The line which uses to join observations with lower and highest values of cost driver is called ___________?
A. straight line B. curved line C. horizontal line D. vertical line
If an unexplained variation is 456870 and the total variation is 955000, then the coefficient of determination will be ___________?
A. 0.4528 B. 0.4783 C. 0.5216 D. 0.5425
In estimation of cost functions, the variations in a single activity level represents the __________?
A. related total costs B. related fixed cost C. related variable cost D. related per unit cost
The Regression Analysis Method of quantitative analysis of cost function considers ____________?
A. all data points B. One data point C. Two data points D. Four data points
In quantitative analysis of estimating cost function, the last and foremost step is to _____________?
A. evaluate variable driver B. evaluate cost driver C. evaluate price driver D. evaluate demand driver
The function which is used to measure the decline in per unit cost of different business functions is classified as _____________?
A. mixed curve B. experience curve C. discrete curve D. fixed curve
The slope coefficient of linear cost function is ___________?
A. zero B. one C. two D. three