Costing MCQs

Question 1

Slope coefficient is 0.75 and difference in machine hours is 65000 then difference in cost would be

Accepted Answer

$48,750

Answer

$86,667

Answer

$85,000

Answer

$55,000

Question 2

In regression equation, an evaluation criteria considers significance of

Accepted Answer

independent variable

Answer

dependent variable

Answer

significance plotting

Answer

insignificance plotting

Question 3

High-low method is used for estimation of

Accepted Answer

slope coefficient

Answer

linear coefficient

Answer

cost coefficient

Answer

price coefficient

Question 4

If all conditions or assumptions of regression analysis simple regression can give

Accepted Answer

reliable estimates

Answer

dependent estimation

Answer

independent estimation

Answer

unreliable estimates

Question 5

Industrial engineering method is used to analyze relationship between

Accepted Answer

input and output

Answer

marketing and financing

Answer

price and costs

Answer

units and batches

Question 6

Residual term is also considered as

Accepted Answer

both a and b

Answer

error term

Answer

disturbance term

Answer

relevant term

Question 7

Percentage of variation in Y explained by X is measured by

Accepted Answer

coefficient of determination

Answer

coefficient of residual

Answer

coefficient of prediction

Answer

coefficient of index

Question 8

Small residual terms and positive slope of line indicate

Accepted Answer

directly proportion

Answer

badness proportions

Answer

goodness proportion

Answer

inversely proportion

Question 9

An analysis of data over successive past periods, which pertain to some plant, activity and organization is called

Accepted Answer

time series

Answer

economic series

Answer

financial series

Answer

analytical series