MCQGeeks
0 : 0 : 1
CBSE
JEE
NTSE
NEET
English
UK Quiz
Quiz
Driving Test
Practice
Games
Quiz
Commerce
Costing
Quiz 9
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
Q.1
In linear cost function which is y=a + bx, objective is to find the
values of a and b
values of x and y
values of a and x
values of b and y
Q.2
Methods used to allocate costs of reciprocal support departments include
direct method
step down
reciprocal method
all of above
Q.3
Most frequently used methods of quantitative analysis include
variable equation
high low method
low high method
constant equation
Q.4
If residual error is 25 and predicted cost value is 50, then observed cost value would be
100
25
50
75
Q.5
Goodness of fit predicted values is also known as
coefficient of determination
coefficient of index
coefficient of residual
coefficient of prediction
Q.6
Factor used to predict dependent variable is named as
independent variable
function variable
evaluation variable
estimation variable
Q.7
Description in mathematical form to represent changes in cost, with level of activity related to that cost is classified as
cost function
revenue function
unit function
relative function
Q.8
In step cost functions, cost is increased by
discrete amounts
same amounts
linear amounts
nonlinear amounts
Q.9
An estimation of relationship between two or more independent variables and dependent variable is classified as
One variable series
multiple regression
simple regression
Two way regression
Q.10
Statistical method used to measure average change in dependent variable, with respect to change of one unit in independent variable is called
times series method
time horizon method
aggression method
regression method
Q.11
In adjustment issues and data collection, inflation affects the
cost driver and cost
cost object and cost
heterogeneous cost
homogenous cost
Q.12
Method which allocates cost of support department to only operating departments is called
indirect method
direct method
step down method
reciprocal method
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
revenue allocation
revenue object
revenue increment
reciprocal revenue
Q.14
In multicollinearity, correlation coefficient between two independent variables must be greater than
0.7
0.6
0.5
0.4
Q.15
In regression analysis, if observed cost value is 62 and predicted cost value is 29, then disturbance term would be
33
91
81
43
Q.16
Individual activities such as machine setups, material handling, customer service and distribution of products are a part of
activity based costing
margin based costing
goodness of costing
handling based costing
Q.17
Cash sales, accounts receivables and rental receipts all are known as
cash receipts
budget receipts
goods manufactured
total goods sold
Q.18
Centers such as revenue, cost, investment and profit all are known as
marketing center
financial center
responsibility center
planning center
Q.19
Method which ranks cost object incurred by individual users, in ranking order of more responsible users is classified as
bundled products allocation method
variable cost allocation method
stand-alone cost allocation method
incremental cost allocation method
Q.20
Line which uses to join observations with lower and highest values of cost driver is called
straight line
curved line
horizontal line
vertical line
Q.21
A technique which minimizes sum of squared vertical difference, to determine regression line is considered as
negative square technique
positive square technique
least square technique
most square technique
Q.22
In Regression Analysis, if an observed cost value is 85 and disturbance error is 25 then predicted cost value will be
110
125
60
70
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
$2,078,000
$3,078,000
$2,065,000
$3,065,000
Q.24
In stand-alone revenue-allocation method, type of weights available for this method is
selling prices as weight
unit costs as weights
physical units as weights
all of above
Q.25
Method, which uses specific information on products as weights to allocate bundled revenues for each product in bundle is classified as
step down allocation method
stand-alone revenue allocation method
incremental revenue allocation method
revenue mix allocation method
Q.26
Second step in developing operating budget is to
plan coordination
plan accounts
obtain information
coverage information
Q.27
Factor which provides hedge to managers in adverse and unexpected circumstances is known as
budgetary slack
costly slack
influential slack
target slack
Q.28
Balancing of all aspects of products or services and all departments in company are classified as
annual profit plan
budgeting
coordination
complex plan
Q.29
In incremental cost allocation method, cost object user who is ranked third in ranking order is classified as
First incremental user
primary user
secondary user
second incremental user
Q.30
Cost of operating activity, facility or any cost object which usually shares by two or more than two users is classified as
bundled cost
common cost
stand-alone cost
incremental cost
Q.31
First ranked product, in incremental revenue allocation method, is classified as
primary product
First incremental product
Second incremental product
Third incremental product
Q.32
Products, divisions and customers are examples of
revenue increment
reciprocal revenue
revenue allocation
revenue object
Q.33
Better fit between estimated cost and actual observations is represented by
variable residual terms
smaller residual terms
larger residual terms
zero residual terms
Q.34
If an unexplained variation is 456870 and total variation is 955000, then coefficient of determination will be
0.4528
0.4783
0.5216
0.5425
Q.35
Method which divides support department cost into two dimensions such as fixed and variable cost pool is classified as
sales mix allocation method
dual-rate cost-allocation method
single rate cost allocation method
quantity variance allocation method
Q.36
A particular term for which specific revenue measurement is required is known as
revenue allocation
revenue object
revenue increment
reciprocal revenue
Q.37
Support department cost allocation method which makes no difference between variable and fixed costs is classified as
sales mix allocation method
dual-rate cost-allocation method
single rate cost allocation method
quantity variance allocation method
Q.38
Schedule of expected disbursements and cash receipts is considered as
planned schedule
cash budget
market budget
price schedule
Q.39
If budget sales units are 8000, ending inventory is 2000 units and beginning inventory is 3000, then budget production would be
11000 units
13000 units
10000 units
7000 units
Q.40
cost object user, who is ranked first in incremental cost allocation method is known as
First incremental user
primary user
secondary user
second incremental user
Q.41
Costs, which consist of interdepartmental cost allocations plus cost of support department are classified as
complete reciprocal costs
artificial costs
operating costs
flexible operating costs
Q.42
Third ranked product in incremental revenue-allocation method is known as
primary product
First incremental product
Second incremental product
Third incremental product
Q.43
Fourth step in development of operating budget is to
choose alternatives
evaluate alternatives
efficiency improvements
predicted improvements
Q.44
What-if technique, which examines changes in results if original prediction would not be achieved is called
change analysis
original analysis
sensitivity analysis
predicted analysis
Q.45
Method, which allocates cost of support department for operating departments by recognizing all mutual services provided is classified as
indirect method
direct method
step down method
reciprocal method
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
step down product
dual mix product
bundled product
reciprocal product
Q.47
Department which provides assisting services to internal departments is classified as
supply department
support department
production department
allocation base department
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
$90 per hour
less than $90 per hour
greater than $90 per hour
none of above
Q.49
Department which directly adds value to product or service is known as
production department
operating department
allocation base department
both a and b
Q.50
Continuous budget is also known as
rolling budget
pin budget
specific budget
past budget
0 h : 0 m : 1 s
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
Report Question
×
What's an issue?
Question is wrong
Answer is wrong
Other Reason
Want to elaborate a bit more? (optional)
Support mcqgeeks.com by disabling your adblocker.
×
Please disable the adBlock and continue.
Thank you.
Reload page