The first step in estimation of cost function by using quantitative analysis is to _________?

Related Mcqs:

1. The third step in estimation of cost function, by using quantitative analysis is collection of data for ___________?

   A. cost and cost object
   B. price and cost driver
   C. dependent variable and cost driver
   D. independent variable and cost driver

2. The second step for estimation of cost function by using quantitative analysis is to ___________?

   A. choose independent variable
   B. choose cost estimation method
   C. choose price estimation method
   D. choose dependent variable

3. The method of estimation of cost function, by making the opinions and analysis about cost and cost drivers is classified as ______?

   A. conference method
   B. inference method
   C. pricing method
   D. manufacturing method

4. In quantitative analysis to estimate cost function, the fourth step is to __________?

   A. write a liner function
   B. write price function
   C. write manufacturing function
   D. plot the data

5. The fifth step in quantitative analysis of estimating cost function is to ___________?

   A. estimate cost function
   B. estimate price function
   C. estimate supply function
   D. estimate demand function

6. In quantitative analysis of estimating cost function, the last and foremost step is to _____________?

   A. evaluate variable driver
   B. evaluate cost driver
   C. evaluate price driver
   D. evaluate demand driver

7. The Regression Analysis Method of quantitative analysis of cost function considers ____________?

   A. all data points
   B. One data point
   C. Two data points
   D. Four data points

8. In cost accounting, the conference, quantitative analysis and account analysis methods are considered as __________?

   A. cost estimation methods
   B. price estimation methods
   C. unit estimation method
   D. variable estimation method

9. An analysis and estimation method of cost, by classifying cost accounts as fixed or variable with respect for specific output level is considered as _____________?

   A. manufacturing analysis method
   B. price analysis method
   C. unit analysis method
   D. account analysis method

10. For estimation of each cost pool for cost function, the attention must be paid to __________?

    A. cost object hierarchy
    B. management hierarchy
    C. price hierarchy
    D. cost hierarchy