In accounting, the cost which is predicted to be incurred or future cost is known as ________?

Related Mcqs:

1. In accounting, the cost incurred in past or in historical financial statements is classified as ________?

   A. actual cost
   B. budgeted cost
   C. past cost
   D. incurred cost

2. If an actual indirect cost incurred is $25000 and the indirect cost allocated is $23000, then the over allocated indirect cost would be ________?

   A. $48,000
   B. −$2000
   C. $2,000
   D. −$48000

3. The costs that are planned in future and has not been incurred are known as ___________?

   A. designed-in costs
   B. locked-in costs
   C. value added cost
   D. both a and b

4. If the residual error is 35 and the predicted cost value is 20, then the observed cost value will be _________?

   A. 55
   B. 15
   C. 65
   D. 85

5. In regression analysis, if the predicted cost value is 65 and observed cost value is 19 then the disturbance term will be __________?

   A. 46
   B. 56
   C. 36
   D. 76

6. In regression analysis, if the observed cost value is 62 and predicted cost value is 29, then the disturbance term would be ____________?

   A. 33
   B. 91
   C. 81
   D. 43

7. If the residual error is 25 and the predicted cost value is 50, then the observed cost value would be ______________?

   A. 100
   B. 25
   C. 50
   D. 75

8. In Regression Analysis, if an observed cost value is 85 and the disturbance error is 25 then predicted cost value will be ___________?

   A. 110
   B. 125
   C. 60
   D. 70

9. In regression analysis, if an observed cost value is 65 and the disturbance error is 32 then predicted cost value will be __________?

   A. 97
   B. 57
   C. 33
   D. 53

10. In Regression Analysis, if an observed cost value is 85 and the disturbance error is 25 then predicted cost value will be ___________?

    A. 95
    B. 50
    C. 120
    D. 100