Q.1
An acquisition cost of raw material is to be used in manufacturing, and becoming a component of cost object is classified as
Q.2
The P/v ratio of a company is 50% and margin of safety is 40%. If present sales is Rs 30,00,000 then Break Even Point in Rs will be
Q.3
Residual term is also considered as
Q.4
Percentage of variation in Y explained by X is measured by
Q.5
Small residual terms and positive slope of line indicate
Q.6
A technique for estimating regression line, which minimizes sum of vertical deviations squares is classified as
Q.7
Type of relationship stating "how changes in cost driver drives cause changes in cost" will be termed as
Q.8
Slope coefficient of cost function is zero because it intersects the
Q.9
Lower level of production leads to
Q.10
In plotting cost functions, number of machine hours and batches are represented on
Q.11
An error term, disturbance term or residual term is calculated as
Q.12
Cost function, in which graph of total cost would not result in straight line is classified as
Q.13
constant variance is classified in assumptions testing as
Q.14
As compared to cumulative average-time learning model, learning model which predicts more cumulative total time to produce more units is known as
Q.15
Model, in which produced unit doubles every time as cumulative average time per unit decreases, by a constant percentage can be classified as
Q.16
Following information is available of PQR for year ended March, 20XX: 4,000 units in process, 3,800 units output, 10% of input is normal wastage, Rs 2.50 per unit is scrap value and Rs 46,000 incurred towards total process cost then amount on account of abnormal gain to be transferred to Costing P&L will be:-
Q.17
In element-wise classification of overheads, which one of the following is not included —
Q.18
When the sales increase from Rs 40,000 to Rs 60,000 and profit increases by Rs 5,000, the P/V ratio is —
Q.19
Slope coefficient is 0.75 and difference in machine hours is 65000 then difference in cost would be
Q.20
________ is a preventive function.
Q.21
In regression equation, an evaluation criteria considers significance of
Q.22
High-low method is used for estimation of
Q.23
If all conditions or assumptions of regression analysis simple regression can give
Q.24
In quantitative analysis to estimate cost function, fourth step is to
Q.25
An analysis of data over successive past periods, which pertain to some plant, activity and organization is called
Q.26
An implementation of activity based costing would be possible only if accountants find
Q.27
In assumptions testing, violation of constant variance is called
Q.28
In cause and effect relationship between cost level and cost driver, inflationary price effects are removed by dividing cost through
Q.29
An assumption of specification analysis, which states all values of residuals which are uniformly scattered around regression line is classified as
Q.30
Goodness of fit is used to measure wellness of
Q.31
Number of observations in regression analysis is considered as
Q.32
Estimation of cost functions, an ignoring information from all points but considering two observation points can be classified as
Q.33
In specification analysis, assumptions related to variance states that:
Q.34
If slope coefficient is 0.60 and difference in machine hours is 50000, then difference in cost can be
Q.35
Labour related to manufacturing of product can be classified under
Q.36
Industrial engineering method is used to analyze relationship between
Q.37
A concept used to define learning curve in broader application is called
Q.38
Large residual term and negative slope of line indicate
Q.39
For estimation of each cost pool for cost function, attention must be paid to
Q.40
Individual variable coefficient's multicollinearity leads to
Q.41
Graphical representation of cost driver data and costs is considered as
Q.42
Evaluation criteria of regression equation must be considered as
Q.43
Decision model to calculate optimal quantity of inventory to be ordered is called
Q.44
Stage in manufacturing cycle at which journal entries are made in system of accountancy is known as
Q.45
If required rate of return is 12% and per unit cost of units purchased is $35, then relevant opportunity cost of capital will be
Q.46
Model which states decline in extra time needed to produce last unit, every time for cumulative quantity of doubled units produced is classified as
Q.47
A helpful technique, for accurate forecasts about costs to be incurred in future is a part of
Q.48
Relationship between cost and cost drivers is
Q.49
Cost function, in which cost does not change with any change in level of activity is a part of
Q.50
Success of cost reduction initiatives are evaluated by accurate
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