Bachelor Of Business Administration

Cost Accounting Quizzes

Cost Accounting BBA MCQs - Complete

Specification Analysis : Estimation Assumptions Questions and Answers p. 63

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Specification Analysis Estimation Assumptions trivia questions and answers, specification analysis estimation assumptions quiz answers PDF 63 to practice Cost Accounting BBA exam questions for online classes. Practice "Cost Function and Behavior" trivia questions and answers, specification analysis estimation assumptions Multiple Choice Questions (MCQ) for online college degrees. Free specification analysis : estimation assumptions MCQs, spoilage, rework and scrap terminology, throughput costing, specification analysis : estimation assumptions test prep for BA in business administration.

"The individual variable coefficient's multicollinearity leads to", specification analysis estimation assumptions Multiple Choice Questions (MCQ) with choices increase in variance error, decrease in variance, increase in standard error, and decrease in standard error for online business administration degree. Learn cost function and behavior questions and answers to improve problem solving skills for online business management degree programs.

Trivia Quiz on Specification Analysis : Estimation Assumptions

1.

The individual variable coefficient's multicollinearity leads to

decrease in variance
increase in variance error
increase in standard error
decrease in standard error

2.

The constant variance is classified in assumptions testing as

homogenous
homoscedasticity
heteroscedasticity
heterogeneous

3.

The revenue and throughput contribution is subtracted to calculate the

indirect labor cost of goods sold
direct labor cost of goods sold
direct material cost of goods sold
indirect material cost of goods sold

4.

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

reduced work
spoilage
rework
scrap

5.

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

$6,200
$1,700
$17,000
$4,500

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