Estimating Cost Function using Quantitative Analysis Quiz with Answers PDF Download – Test 105

MCQ 521: An estimation of relationship between one independent variable and the dependent variable is known as:

1. simple regression
2. Two way regression
3. One variable series
4. multiple regression

MCQ 522: The wages and other benefits, provided to assembly line workers and operators of machine are classified under the:

1. work in process costs
2. finished costs
3. direct manufacturing labor costs
4. indirect manufacturing labor costs

MCQ 523: The kind of cost which on elimination, would not reduce the perceived usefulness that customers can obtain by using the market offering is known as:

1. designed-in costs
2. locked-in costs
3. value added cost
4. non-value added cost

MCQ 524: The compelling strategic plan, promoting coordination and providing framework of performance are:

1. advantages of budget
2. disadvantages of budget
3. advantages of costing method
4. disadvantages of costing method

MCQ 525: In an actual quantity of cost allocation used, base is multiplied to an actual fixed overhead rates, to calculate:

1. fixed manufacturing overhead cost
2. variable manufacturing overhead cost
3. indirect manufacturing overhead cost
4. direct manufacturing overhead cost