MBA Cost Accounting Certification Exam Tests

MBA Cost Accounting Practice Test 63

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The Quiz: *Individual variable coefficient's multicollinearity leads to*; "Specification Analysis : Estimation Assumptions" App Download (Android & iOS) Free with answers increase in variance error, decrease in variance, increase in standard error and decrease in standard error for online masters in accounting degree. Practice cost function and behavior questions and answers, Google eBook to download free sample for online business management degree programs.

**MCQ 311**: The individual variable coefficient's multicollinearity leads to

A) decrease in variance

B) increase in variance error

C) increase in standard error

D) decrease in standard error

c

**MCQ 312**: The constant variance is classified in assumptions testing as

A) homogenous

B) homoscedasticity

C) heteroscedasticity

D) heterogeneous

b

**MCQ 313**: The revenue and throughput contribution is subtracted to calculate the

A) indirect labor cost of goods sold

B) direct labor cost of goods sold

C) direct material cost of goods sold

D) indirect material cost of goods sold

c

**MCQ 314**: The production units that do not meet customer specification, but can be sold to other customers as finished goods are classified as

A) reduced work

B) spoilage

C) rework

D) scrap

c

**MCQ 315**: If the static budget amount is $6200 and the flexible budget amount is $4500, then the sales volume variance will be

A) $6,200

B) $1,700

C) $17,000

D) $4,500

b

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