21. Strength of relationship between cost driver and cost is considered as
22. In regression equation Y = $6000 + (per unit cost x number of units), '$6000' is a
23. In linear cost function, fixed cost is considered as
24. Description in mathematical form to represent changes in cost, with level of activity related to that cost is classified as
25. In step cost functions, cost is increased by
26. Individual activities such as machine setups, material handling, customer service and distribution of products are a part of
27. A problem which arises because of presence of systematic pattern in residual value sequence is considered as
28. If difference between costs linked to highest and lowest observation of cost driver is $8000 and observation of cost driver is 40 machine hours, then slope coefficient will be
29. Standard error of regression analysis is known as
30. An analysis and estimation method of cost, by classifying cost accounts as fixed or variable with respect for specific output level is considered as
Read More Section(Costing)
Each Section contains maximum 100 MCQs question on Costing. To get more questions visit other sections.