Accounting MCQs — Test 39
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Question 1
The higher level of production leads to ____________?
Question 2
If the coefficients are similar for two accounting periods, then single cost relationship is estimated with the help of ___________?
Question 3
If the difference in costs is $7000 and the difference in machine hours of is $18000, then slope coefficient would be ____________?
Question 4
If the residual error is 25 and the predicted cost value is 50, then the observed cost value would be ______________?
Question 5
In regression analysis, if the observed cost value is 62 and predicted cost value is 29, then the disturbance term would be ____________?
Question 6
An assumption of specification analysis states: any observation does not belong to any other observation’s residual value, is classified as ___________?
Question 7
If the difference between costs linked to highest and lowest observation of cost driver, is $8000 and observation of cost driver is 40 machine hours, then slope coefficient will be _____________?
Question 8
The goodness of fit predicted values is also known as ___________?
Question 9
In step cost functions, the cost is increased by ____________?
Question 10
The strength of relationship between cost driver and cost is considered as __________?