Costing MCQs
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Question 469medium
Cause and effect relationship between activity and costs is result of
Question 470hard
To decide whether cost is variable cost or fixed cost with respect to some specific activity depends upon
Question 471hard
In a given scenario, if cost is considered as indirect cost then independent variable will be considered as
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Question 472hard
Cost analysis method, which uses mathematical method to use fit between past data observations and cost functions is termed as
Question 473hard
Third step in estimation of cost function, by using quantitative analysis is collection of data for
Question 474hard
If residual error is 51 and predicted cost value is 37, then observed cost value will be
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Question 475hard
In estimation of cost function, an example of independent variable is
Question 476medium
Formula of 1 - unexplained variation / total variation is used to calculate
Question 477hard
Cause and effect relationship that exists between change in total cost level and change in level of activity, is measured with help of