In the cause and effect relationship between cost level and cost drive – McqOptions

MCQOPTIONS

1.	In the cause and effect relationship between cost level and cost driver, the inflationary price effects are removed by dividing cost through
A.	price index
B.	cost index
C.	profit index
D.	cost driver index
Answer» B. cost index

Discussion

No Comment Found

Related MCQs

In the specification analysis, the assumptions related to linearity states but linearity must be within
If the residual error is 35 and the predicted cost value is 20, then the observed cost value will be
If the difference in costs is $32000 and the slope coefficient is 0.40, then difference in machine hours would be
The formula of 1 - unexplained variation ⁄ total variation is used to calculate
The method which considers the lowest and highest values of cost driver and cost within relevant range is called
In cost accounting, the conference, quantitative analysis and account analysis methods are considered as
If the coefficients are similar for two accounting periods, then single cost relationship is estimated with the help of
An estimated coefficient, which indicates the degree by which the estimated values are affected by random factors is known as
In quantitative analysis of estimating cost function, the last and foremost step is to
If an unexplained variation is 456870 and the total variation is 955000, then the coefficient of determination will be