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

Related Mcqs:

1. If the budgeted cost in indirect cost pool is $144500 and total quantity of cost allocation base is $165500, then the budgeted indirect cost rate will be __________?

   A. 67.30%
   B. 87.31%
   C. 55.50%
   D. 45.50%

2. If the budgeted cost in indirect cost pool is $139600 and total quantity of cost allocation base is $155600, then the budgeted indirect cost rate would be __________?

   A. 69.72%
   B. 79.72%
   C. 99.75%
   D. 89.72%

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 dependent variable cost pool, the relationship between individual cost items and cost drivers can be classified as ___________?

   A. non homogeneous relationship
   B. homogeneous relationship
   C. an internal relationship
   D. an extreme relationship

5. The budgeted total cost in indirect cost pool, is divided by budgeted total quantity of the cost allocation base, is calculated by _________?

   A. budgeted direct cost rate
   B. budgeted indirect cost rate
   C. expected indirect cost rate
   D. direct budget percentage

6. The cost pool category, which have the similar cause and effect relationship, with each cost driver uses as an allocation base is classified as __________?

   A. heterogeneous price pool
   B. homogenous cost pool
   C. heterogeneous cost pool
   D. homogenous price pool

7. The hierarchy which is based on different types of cost allocation and drivers, to categorize cost pool activity is classified as __________?

   A. cost hierarchy
   B. price hierarchy
   C. activity hierarchy
   D. purpose hierarchy

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

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

9. In estimation of cost function, an example of independent variable is ___________?

   A. level of activity
   B. quantity stored
   C. quantity manufactured
   D. quality of product

10. 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