A. residual term
B. positive term
C. negative term
D. squared term
Related Mcqs:
- If the difference between costs linked to highest and lowest observation of cost driver is $36000 and observation of cost driver is 30 machine hours, then slope coefficient would be __________?
A. $1,200
B. $1,400
C. $1,600
D. $1,800 - If the difference between costs linked to highest and lowest observation of cost driver is $27000 and observation of cost driver is 90 machine hours, then slope coefficient would be ____________?
A. $800
B. $400
C. $300
D. $600 - If the difference between costs linked to highest and lowest observation of cost driver, is $8000 and observation of cost driver is 40 machine hours, then slope coefficient will be _____________?
A. $16,000
B. $200
C. $400
D. $20,000 - Of the cost allocation base, the difference between actual and budgeted variable overhead cost multiplied by actual quantity for actual output is classified as ____________?
A. variable overhead spending variance
B. fixed overhead spending variance
C. constant spending variance
D. potential spending variance - The difference between actual result and corresponding amount of flexible budget, on the basis of actual level of output is classified as __________?
A. sales mix variance
B. sales volume variance
C. flexible budget variance
D. static budget variance - The deviations between estimated regression line and the vertical deviations are classified as ____________?
A. fixed terms
B. indexed terms
C. variable terms
D. residual terms - An assumption of specification analysis states: any observation does not belong to any other observation’s residual value, is classified as ___________?
A. independence of residuals
B. dependence of residuals
C. independence of correlation
D. none of the above - The difference between actual result and corresponding amount of flexible budget, on the basis of actual level of output is classified as ____________?
A. sales mix variance
B. sales volume variance
C. flexible budget variance
D. static budget variance - The worse fit between estimated cost and actual observations is shown on regression line with ___________?
A. larger residual terms
B. zero residual terms
C. variable residual terms
D. smaller residual terms - The better fit between estimated cost and actual observations is represented by ___________?
A. variable residual terms
B. smaller residual terms
C. larger residual terms
D. zero residual terms
