Q.1
In plotting of cost functions, level of activities according to which charged cost is represented on
Q.2
Calculate the labour turnover rate according to replacement method from the following:
No of workers on the payroll:
- At the beginning of the month: 500
- At the end of the month: 600

During the month, 5 workers left, 20 workers were discharged and 75 workers were recruited Ofthese, 10 workers were recruited in the vacancies of those leaving and while the rest were engaged for an expansion scheme
Q.3
Calculate the labour turnover rate according to Separation method from the following:
No of workers on the payroll:
- At the beginning of the month: 500
- At the end of the month: 600

During the month, 5 workers left, 20 workers were discharged and 75 workers were recruited Of these, 10 workers were recruited in the vacancies of those leaving and while the rest were engaged for an expansion scheme
Q.4
Cost analysis method, which uses mathematical method to use fit between past data observations and cost functions is termed as
Q.5
Third step in estimation of cost function, by using quantitative analysis is collection of data for
Q.6
Which one out of the following is not an inventory valuation method?
Q.7
In case of rising prices (inflation), FIFO method will:
Q.8
Labour turnover means:
Q.9
Which of the following is not an avoidable cause of labour turnover:
Q.10
In linear cost function, which is y = a + bx, y is classified as
Q.11
In specification analysis, assumptions related to linearity states but linearity must be within
Q.12
In regression analysis, if predicted cost value is 65 and observed cost value is 19 then disturbance term will be
Q.13
Learning curve models include
Q.14
For slope coefficient b, value of estimated coefficient is considered as
Q.15
Cause and effect relationship between activity and costs is result of
Q.16
In estimation of cost functions, variations in a single activity level represents the
Q.17
"Calculate re-order level from the following:
Safety stock: 1000 units
Consumption per week: 500 units
It takes 12 weeks to reach material from the date of ordering"
Q.18
In quantitative analysis of estimating cost function, last and foremost step is to
Q.19
Work measurement method of cost estimation is also called
Q.20
Function which is used to measure decline in per unit cost of different business functions is classified as
Q.21
Function used to measure decline in labour hours per unit as units of production increases is called
Q.22
If residual error is 51 and predicted cost value is 37, then observed cost value will be
Q.23
In estimation of cost function, an example of independent variable is
Q.24
Formula of 1 - unexplained variation / total variation is used to calculate
Q.25
In case of rising prices (inflation), LIFO will:
Q.26
"Calculate Re-order level from the following:
Consumption per week: 100-200 units
Delivery period: 14-28 days"
Q.27
"Calculate EOQ (approx) from the following details:
Annual Consumption: 24000 units
Ordering cost: Rs 10 per order
Purchase price: Rs 100 per unit
Carrying cost: 5%"
Q.28
In adjustment issues of costing, database must consider wide range values of
Q.29
Method, which considers cost and cost drivers of departments such as employee relations and process engineering is termed as
Q.30
To decide whether cost is variable cost or fixed cost with respect to some specific activity depends upon
Q.31
In a given scenario, if cost is considered as indirect cost then independent variable will be considered as
Q.32
An estimated coefficient, which indicates degree by which estimated values are affected by random factors is known as
Q.33
If difference between costs linked to highest and lowest observation of cost driver is $36000 and observation of cost driver is 30 machine hours, then slope coefficient would be
Q.34
Worse fit between estimated cost and actual observations is shown on regression line with
Q.35
Slope coefficient of linear cost function is
Q.36
A problem which arises because of presence of systematic pattern in residual value sequence is considered as
Q.37
If 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
Q.38
Higher level of production leads to
Q.39
Method of estimation of cost function, by making opinions and analysis about cost and cost drivers is classified as
Q.40
If coefficients are similar for two accounting periods, then single cost relationship is estimated with help of
Q.41
Relationship between independent variable and dependent variable must be
Q.42
An amount by which total cost changes with respect to change in level of activity is classified as
Q.43
An assumption of specification analysis states: any observation does not belong to any other observation's residual value, is classified as
Q.44
Second step for estimation of cost function by using quantitative analysis is to
Q.45
An estimation of relationship between one independent variable and dependent variable is known as
Q.46
In regression equation Y = $6000 + (per unit cost x number of units), '$6000' is a
Q.47
In linear cost function, fixed cost is considered as
Q.48
Standard error of regression analysis is known as
Q.49
An analysis and estimation method of cost, by classifying cost accounts as fixed or variable with respect for specific output level is considered as
Q.50
Within relevant range, cost function which cost does not change in narrow ranges of activity is called
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