If residual error is 25 and predicted cost value is 50, then observed cost value would be
A. 100
B. 25
C. 50
D. 75
Answer: Option D
Solution(By Examveda Team)
Observed cost value = Predicted cost value + Residual error= 50 + 25 = 75
Related Questions on Costing
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A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
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B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
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