Third step in estimation of cost function, by using quantitative analysis is collection of data for
A. cost and cost object
B. price and cost driver
C. dependent variable and cost driver
D. independent variable and cost driver
Answer: Option C
Solution(By Examveda Team)
Third step in estimation of cost function, by using quantitative analysis is collection of data for dependent variable and cost driver.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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