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Cost Accounting MCQs

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# Estimating Cost Function using Quantitative Analysis MCQ with Answers PDF

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## MCQs on Estimating Cost Function using Quantitative Analysis

1.

Estimation of cost functions of an ignoring information from all points, but considering two observation points, can be classified as

2.

The graphical representation of cost driver data and costs are considered as

plotting the data
plotting the costs
plotting the cost drivers
plotting curved line

3.

In quantitative analysis to estimate cost function, the fourth step is to

write a liner function
write price function
write manufacturing function
plot the data

4.

The large residual term and negative slope of line indicate

inverse proportion
direct proportion