Related Mcqs:

1. Considering the relationship of variables, the relationship in which the activity cost is included in the dependent variable, which has similar cost driver is classified as __________?

   A. heterogeneous relationship
   B. extreme relationship
   C. no homogeneous relationship
   D. homogeneous relationship

2. An estimated coefficient, which indicates the degree by which the estimated values are affected by random factors is known as ___________?

   A. standard error of estimated coefficient
   B. weighted error of estimated coefficient
   C. average of estimated coefficient
   D. variance of estimated coefficient

3. The vertical difference, which measures distance between estimated and actual cost for every single observation is classified as __________?

   A. residual term
   B. positive term
   C. negative term
   D. squared term

4. 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

5. 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

6. The cause and effect relationship that exists between change in total cost level and change in level of activity, is measured with the help of ___________?

   A. production driver
   B. cost driver
   C. price driver
   D. estimation driver

7. In the cause and effect relationship between cost level and cost driver, the inflationary price effects are removed by dividing cost through _______________?

   A. price index
   B. cost index
   C. profit index
   D. cost driver index

8. In cost accounting, the financial way of charging price for product above the cost, of acquiring or producing the goods is known as ___________?

   A. sales margin
   B. cost margin
   C. Gross margin
   D. income margin

9. The relationship based on unrelated level of activity and past data of cost is measured with the help of __________?

   A. cost estimation
   B. price estimation
   C. unit estimation
   D. production estimation

10. In process costing method, when the work done in current accounting period, and beginning inventory before current accounting period, is classified as _________?

    A. partial inventory costing method
    B. current period inventory method
    C. Last-in, first-out method
    D. First-in, first-out method