In Regression Analysis, if an observed cost value is 85 and disturbance error is 25 then predicted cost value will be
A. 110
B. 125
C. 60
D. 70
Answer: Option C
Solution(By Examveda Team)
Predicted cost = Observed cost value - Disturbance error= 85 - 25 = 60
Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
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
D. shutdown cost
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