Worse fit between estimated cost and actual observations is shown on regression line with
A. larger residual terms
B. zero residual terms
C. variable residual terms
D. smaller residual terms
Answer: Option A
Solution(By Examveda Team)
Worse fit between estimated cost and actual observations is shown on regression line with larger residual terms.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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