Q.1
In linear cost function which is y=a + bx, objective is to find the
Q.2
Methods used to allocate costs of reciprocal support departments include
Q.3
Most frequently used methods of quantitative analysis include
Q.4
If residual error is 25 and predicted cost value is 50, then observed cost value would be
Q.5
Goodness of fit predicted values is also known as
Q.6
Factor used to predict dependent variable is named as
Q.7
Description in mathematical form to represent changes in cost, with level of activity related to that cost is classified as
Q.8
In step cost functions, cost is increased by
Q.9
An estimation of relationship between two or more independent variables and dependent variable is classified as
Q.10
Statistical method used to measure average change in dependent variable, with respect to change of one unit in independent variable is called
Q.11
In adjustment issues and data collection, inflation affects the
Q.12
Method which allocates cost of support department to only operating departments is called
Q.13
Process in which earned revenue is related to specific revenue object, which can cannot trace it in cost effective way is known as
Q.14
In multicollinearity, correlation coefficient between two independent variables must be greater than
Q.15
In regression analysis, if observed cost value is 62 and predicted cost value is 29, then disturbance term would be
Q.16
Individual activities such as machine setups, material handling, customer service and distribution of products are a part of
Q.17
Cash sales, accounts receivables and rental receipts all are known as
Q.18
Centers such as revenue, cost, investment and profit all are known as
Q.19
Method which ranks cost object incurred by individual users, in ranking order of more responsible users is classified as
Q.20
Line which uses to join observations with lower and highest values of cost driver is called
Q.21
A technique which minimizes sum of squared vertical difference, to determine regression line is considered as
Q.22
In Regression Analysis, if an observed cost value is 85 and disturbance error is 25 then predicted cost value will be
Q.23
Considering dual rate method, if employees work for 8500 budgeted hours at $120 per hour and work for 9500 actual hours at $110 per hour, then total cost would be
Q.24
In stand-alone revenue-allocation method, type of weights available for this method is
Q.25
Method, which uses specific information on products as weights to allocate bundled revenues for each product in bundle is classified as
Q.26
Second step in developing operating budget is to
Q.27
Factor which provides hedge to managers in adverse and unexpected circumstances is known as
Q.28
Balancing of all aspects of products or services and all departments in company are classified as
Q.29
In incremental cost allocation method, cost object user who is ranked third in ranking order is classified as
Q.30
Cost of operating activity, facility or any cost object which usually shares by two or more than two users is classified as
Q.31
First ranked product, in incremental revenue allocation method, is classified as
Q.32
Products, divisions and customers are examples of
Q.33
Better fit between estimated cost and actual observations is represented by
Q.34
If an unexplained variation is 456870 and total variation is 955000, then coefficient of determination will be
Q.35
Method which divides support department cost into two dimensions such as fixed and variable cost pool is classified as
Q.36
A particular term for which specific revenue measurement is required is known as
Q.37
Support department cost allocation method which makes no difference between variable and fixed costs is classified as
Q.38
Schedule of expected disbursements and cash receipts is considered as
Q.39
If budget sales units are 8000, ending inventory is 2000 units and beginning inventory is 3000, then budget production would be
Q.40
cost object user, who is ranked first in incremental cost allocation method is known as
Q.41
Costs, which consist of interdepartmental cost allocations plus cost of support department are classified as
Q.42
Third ranked product in incremental revenue-allocation method is known as
Q.43
Fourth step in development of operating budget is to
Q.44
What-if technique, which examines changes in results if original prediction would not be achieved is called
Q.45
Method, which allocates cost of support department for operating departments by recognizing all mutual services provided is classified as
Q.46
Package which consists of two or more products to be sold for single price, but components of products in package have separate stand-alone price is called
Q.47
Department which provides assisting services to internal departments is classified as
Q.48
If employees of division A work for 8000 hours for $90 per hour, then rate must be paid in division B in accordance of single rate method will be
Q.49
Department which directly adds value to product or service is known as
Q.50
Continuous budget is also known as
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