Method, which considers cost and cost drivers of departments such as employee relations and process engineering is termed as
Method, which considers cost and cost drivers of departments such as employee relations and process engineering is termed as
In specification analysis, assumptions related to variance states that:
In specification analysis, assumptions related to variance states that:
In dependent variable cost pool, relationship between individual cost items and cost drivers can be classified as
In dependent variable cost pool, relationship between individual cost items and cost drivers can be classified as
Individual activities such as machine setups, material handling, customer service and distribution of products are a part of
Individual activities such as machine setups, material handling, customer service and distribution of products are a part of
In cost accounting, conference, quantitative analysis and account analysis methods are considered as
In cost accounting, conference, quantitative analysis and account analysis methods are considered as
Individual variable coefficient's multicollinearity leads to
Individual variable coefficient's multicollinearity leads to
As compared to cumulative average-time learning model, learning model which predicts more cumulative total time to produce more units is known as
As compared to cumulative average-time learning model, learning model which predicts more cumulative total time to produce more units is known as
If an unexplained variation is 350050 and total variation is 700505, then coefficient of determination would be
If an unexplained variation is 350050 and total variation is 700505, then coefficient of determination would be
To decide whether cost is variable cost or fixed cost with respect to some specific activity depends upon
To decide whether cost is variable cost or fixed cost with respect to some specific activity depends upon
Goodness of fit predicted values is also known as
Goodness of fit predicted values is also known as
Residual term is also considered as
Residual term is also considered as
Slope coefficient is 0.75 and difference in machine hours is $65000 then difference in cost would be
Slope coefficient is 0.75 and difference in machine hours is $65000 then difference in cost would be
In regression equation Y = $6000 + (per unit cost x number of units), '$6000' is a
In regression equation Y = $6000 + (per unit cost x number of units), '$6000' is a
Method of estimation of cost function, by making opinions and analysis about cost and cost drivers is classified as
Method of estimation of cost function, by making opinions and analysis about cost and cost drivers is classified as
High-low method is used for estimation of
High-low method is used for estimation of
In specification analysis, assumptions related to linearity states but linearity must be within
In specification analysis, assumptions related to linearity states but linearity must be within
A technique which minimizes sum of squared vertical difference, to determine regression line is considered as
A technique which minimizes sum of squared vertical difference, to determine regression line is considered as
An estimation of relationship between one independent variable and dependent variable is known as
An estimation of relationship between one independent variable and dependent variable is known as
Cost analysis method, which uses mathematical method to use fit between past data observations and cost functions is termed as
Cost analysis method, which uses mathematical method to use fit between past data observations and cost functions is termed as
Cause and effect relationship that exists between change in total cost level and change in level of activity, is measured with help of
Cause and effect relationship that exists between change in total cost level and change in level of activity, is measured with help of
Better fit between estimated cost and actual observations is represented by
Better fit between estimated cost and actual observations is represented by
Percentage of variation in Y explained by X is measured by
Percentage of variation in Y explained by X is measured by
Component of total cost, which never changes with change in level of production is classified as
Component of total cost, which never changes with change in level of production is classified as
If all conditions or assumptions of regression analysis simple regression can give
If all conditions or assumptions of regression analysis simple regression can give
Relationship between cost and cost driver is economically plausible if goodness of fit
Relationship between cost and cost driver is economically plausible if goodness of fit
Relationship between independent variable and dependent variable must be
Relationship between independent variable and dependent variable must be
Learning curve models include
Learning curve models include
Method which considers lowest and highest values of cost driver and cost within relevant range is called
Method which considers lowest and highest values of cost driver and cost within relevant range is called
Cause and effect relationship between activity and costs is result of
Cause and effect relationship between activity and costs is result of
Function which is used to measure decline in per unit cost of different business functions is classified as
Function which is used to measure decline in per unit cost of different business functions is classified as
Within relevant range, cost function which cost does not change in narrow ranges of activity is called
Within relevant range, cost function which cost does not change in narrow ranges of activity is called
Vertical difference, which measures distance between estimated and actual cost for every single observation is classified as
Vertical difference, which measures distance between estimated and actual cost for every single observation is classified as
In adjustment issues of costing, database must consider wide range values of
In adjustment issues of costing, database must consider wide range values of
An amount by which total cost changes with respect to change in level of activity is classified as
An amount by which total cost changes with respect to change in level of activity is classified as
Worse fit between estimated cost and actual observations is shown on regression line with
Worse fit between estimated cost and actual observations is shown on regression line with
Line which uses to join observations with lower and highest values of cost driver is called
Line which uses to join observations with lower and highest values of cost driver is called
In linear cost function which is y=a + bx, objective is to find the
In linear cost function which is y=a + bx, objective is to find the
An error term, disturbance term or residual term is calculated as
An error term, disturbance term or residual term is calculated as
Description in mathematical form to represent changes in cost, with level of activity related to that cost is classified as
Description in mathematical form to represent changes in cost, with level of activity related to that cost is classified as
Cost function, in which graph of total cost would not result in straight line is classified as
Cost function, in which graph of total cost would not result in straight line is classified as
In regression analysis, if observed cost value is 62 and predicted cost value is 29, then disturbance term would be
In regression analysis, if observed cost value is 62 and predicted cost value is 29, then disturbance term would be
Fifth step in quantitative analysis of estimating cost function is to
Fifth step in quantitative analysis of estimating cost function is to
If coefficients are similar for two accounting periods, then single cost relationship is estimated with help of
If coefficients are similar for two accounting periods, then single cost relationship is estimated with help of
Third step in estimation of cost function, by using quantitative analysis is collection of data for
Third step in estimation of cost function, by using quantitative analysis is collection of data for
Cost that has elements of variable and fixed costs at same time is
Cost that has elements of variable and fixed costs at same time is
In a given scenario, if cost is considered as indirect cost then independent variable will be considered as
In a given scenario, if cost is considered as indirect cost then independent variable will be considered as
If slope coefficient is 0.60 and difference in machine hours is $50000, then difference in cost can be
If slope coefficient is 0.60 and difference in machine hours is $50000, then difference in cost can be
In regression equation, an evaluation criteria considers significance of
In regression equation, an evaluation criteria considers significance of
An estimation of relationship between two or more independent variables and dependent variable is classified as
An estimation of relationship between two or more independent variables and dependent variable is classified as
In quantitative analysis of estimating cost function, last and foremost step is to
In quantitative analysis of estimating cost function, last and foremost step is to
An analysis of data over successive past periods, which pertain to some plant, activity and organization is called
An analysis of data over successive past periods, which pertain to some plant, activity and organization is called
An estimated coefficient, which indicates degree by which estimated values are affected by random factors is known as
An estimated coefficient, which indicates degree by which estimated values are affected by random factors is known as
In plotting cost functions, number of machine hours and batches are represented on
In plotting cost functions, number of machine hours and batches are represented on
An assumption of specification analysis states: any observation does not belong to any other observation's residual value, is classified as
An assumption of specification analysis states: any observation does not belong to any other observation's residual value, is classified as
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
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
In linear cost function, which is y = a + bx, y is classified as
In linear cost function, which is y = a + bx, y is classified as
A problem which arises because of presence of systematic pattern in residual value sequence is considered as
A problem which arises because of presence of systematic pattern in residual value sequence is considered as
Function used to measure decline in labour hours per unit as units of production increases is called
Function used to measure decline in labour hours per unit as units of production increases is called
In estimation of cost function, an example of independent variable is
In estimation of cost function, an example of independent variable is
In multicollinearity, correlation coefficient between two independent variables must be greater than
In multicollinearity, correlation coefficient between two independent variables must be greater than
In Regression Analysis, testing of assumptions if these are true or not is classified as
In Regression Analysis, testing of assumptions if these are true or not is classified as
Situation in which two or more independent variables are highly correlated is known as
Situation in which two or more independent variables are highly correlated is known as
Most frequently used methods of quantitative analysis include
Most frequently used methods of quantitative analysis include
In Regression Analysis, if an observed cost value is 85 and disturbance error is 25 then predicted cost value will be
In Regression Analysis, if an observed cost value is 85 and disturbance error is 25 then predicted cost value will be
In linear cost function, fixed cost is considered as
In linear cost function, fixed cost is considered as
Industrial engineering method is used to analyze relationship between
Industrial engineering method is used to analyze relationship between
Value, which measures that how large is value of standard error in relevance to value of estimated coefficient is termed as
Value, which measures that how large is value of standard error in relevance to value of estimated coefficient is termed as
Work measurement method of cost estimation is also called
Work measurement method of cost estimation is also called
Lower level of production leads to
Lower level of production leads to
Higher level of production leads to
Higher level of production leads to
Vertical dashed line in graphical representation of cost function represents the
Vertical dashed line in graphical representation of cost function represents the
If residual error is 51 and predicted cost value is 37, then observed cost value will be
If residual error is 51 and predicted cost value is 37, then observed cost value will be
Formula of 1 - unexplained variation / total variation is used to calculate
Formula of 1 - unexplained variation / total variation is used to calculate
Regression Analysis Method of quantitative analysis of cost function considers
Regression Analysis Method of quantitative analysis of cost function considers
In plotting of cost functions, level of activities according to which charged cost is represented on
In plotting of cost functions, level of activities according to which charged cost is represented on
Small residual terms and positive slope of line indicate
Small residual terms and positive slope of line indicate
For slope coefficient b, value of estimated coefficient is considered as
For slope coefficient b, value of estimated coefficient is considered as
Examples of nonlinear cost functions are
Examples of nonlinear cost functions are
First step in estimation of cost function by using quantitative analysis is to
First step in estimation of cost function by using quantitative analysis is to
Model, in which produced unit doubles every time as cumulative average time per unit decreases, by a constant percentage can be classified as
Model, in which produced unit doubles every time as cumulative average time per unit decreases, by a constant percentage can be classified as
If difference in costs is $32000 and slope coefficient is 0.40, then difference in machine hours would be
If difference in costs is $32000 and slope coefficient is 0.40, then difference in machine hours would be
In step cost functions, cost is increased by
In step cost functions, cost is increased by
constant variance is classified in assumptions testing as
constant variance is classified in assumptions testing as
An analysis and estimation method of cost, by classifying cost accounts as fixed or variable with respect for specific output level is considered as
An analysis and estimation method of cost, by classifying cost accounts as fixed or variable with respect for specific output level is considered as
If an unexplained variation is 456870 and total variation is 955000, then coefficient of determination will be
If an unexplained variation is 456870 and total variation is 955000, then coefficient of determination will be
Slope coefficient of linear cost function is
Slope coefficient of linear cost function is
Considering relationship of variables, relationship in which activity cost is included in dependent variable, which has similar cost driver is classified as
Considering relationship of variables, relationship in which activity cost is included in dependent variable, which has similar cost driver is classified as
Statistical method used to measure average change in dependent variable, with respect to change of one unit in independent variable is called
Statistical method used to measure average change in dependent variable, with respect to change of one unit in independent variable is called
In adjustment issues and data collection, inflation affects the
In adjustment issues and data collection, inflation affects the
In estimation of cost functions, variations in a single activity level represents the
In estimation of cost functions, variations in a single activity level represents the
An assumption, which states that there must be linear relationship between independent variable and dependent variable is
An assumption, which states that there must be linear relationship between independent variable and dependent variable is
Second step for estimation of cost function by using quantitative analysis is to
Second step for estimation of cost function by using quantitative analysis is to
Factor used to predict dependent variable is named as
Factor used to predict dependent variable is named as
Standard error of regression analysis is known as
Standard error of regression analysis is known as
In adjustment issues of costing, database must contain reliable measure of
In adjustment issues of costing, database must contain reliable measure of
If difference in costs is $7000 and difference in machine hours of is $18000, then slope coefficient would be
If difference in costs is $7000 and difference in machine hours of is $18000, then slope coefficient would be
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
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
Strength of relationship between cost driver and cost is considered as
Strength of relationship between cost driver and cost is considered as
In regression analysis, if predicted cost value is 65 and observed cost value is 19 then disturbance term will be
In regression analysis, if predicted cost value is 65 and observed cost value is 19 then disturbance term will be
If residual error is 25 and predicted cost value is 50, then observed cost value would be
If residual error is 25 and predicted cost value is 50, then observed cost value would be
