11. If slope coefficient is 0.60 and difference in machine hours is 50000, then difference in cost can be
12. Fifth step in quantitative analysis of estimating cost function is to
13. Lower level of production leads to
14. In plotting cost functions, number of machine hours and batches are represented on
15. An error term, disturbance term or residual term is calculated as
16. Cost function, in which graph of total cost would not result in straight line is classified as
17. An assumption, which states that there must be linear relationship between independent variable and dependent variable is
18. Vertical difference, which measures distance between estimated and actual cost for every single observation is classified as
19. In cost accounting, conference, quantitative analysis and account analysis methods are considered as
20. Component of total cost, which never changes with change in level of production is classified as
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