Cost Accounting Quizzes

Cost Accounting Quiz PDF - Complete

Practice Specification Analysis Estimation Assumptions quiz questions and answers PDF, specification analysis estimation assumptions trivia questions 66 to learn online Cost Accounting course for online classes. Cost Function and Behavior MCQ questions, specification analysis estimation assumptions Multiple Choice Questions (MCQ) for online college degrees. "Specification Analysis : Estimation Assumptions Quiz" PDF eBook: cost variance analysis and activity based costing, contribution margin calculations, specification analysis : estimation assumptions test prep for online business and administration degree.

"In the specification analysis, the assumptions related to variance state that:" MCQ PDF: *variance of goodness is constant, variance of residuals is constant, goodness of fit is constant, and standard error is constant* for online colleges for business management. Solve cost function and behavior questions and answers to improve problem solving skills for online bachelor's degree in business administration.

**MCQ**: In the specification analysis, the assumptions related to variance state that:

variance of residuals is constant

variance of goodness is constant

goodness of fit is constant

standard error is constant

a

**MCQ**: The revenue is $11000 and all the variable cost is $6000, then the contribution margin would be

−$17000

$17,000

$5,000

−$5000

c

**MCQ**: The costing technique, which classify all the activities in costing hierarchy is classified as

activity based costing

non-financial costing

profit costing

lump sum costing

a

**MCQ**: The process of making long term decisions, for capital investment in the projects is called

lead budgeting

lean budgeting

capital budgeting

relevant budgeting

c

**MCQ**: If the slope coefficient is 0.60 and the difference in machine hours is $50000, then difference in cost can be

$68,700

$58,700

$30,000

$83,333.34

c

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