A. variable residual terms
B. smaller residual terms
C. larger residual terms
D. zero residual terms
Related Mcqs:
- 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 cost analysis method, which uses mathematical method to use fit between past data observations and cost functions is termed as ___________?
A. quantitative analysis method
B. qualitative analysis method
C. account analysis method
D. conference analysis method - 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 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 - 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 - The relationship between cost and cost driver is economically plausible if the goodness of fit _________?
A. has meaning
B. has no meaning
C. has index values
D. has no index values - In actual costing, an actual quantity of used inputs are multiplied with actual prices to calculate: ___________?
A. fixed direct manufacturing cost
B. variable direct manufacturing cost
C. fixed indirect manufacturing cost
D. variable indirect manufacturing cost - If an actual selling price is $400, an actual result is $250 and an actual units sold are 500, then the selling price variance will be __________?
A. $45,000
B. $55,000
C. $75,000
D. $65,000 - If the actual selling price is $500, actual result is $250 and the actual units sold are 350, then the selling price variance will be ____________?
A. $87,500
B. $97,500
C. $67,500
D. $57,500 - The line which uses to join observations with lower and highest values of cost driver is called ___________?
A. straight line
B. curved line
C. horizontal line
D. vertical line
