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

Related Mcqs:

1. 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...

2. 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...

3. 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...

4. 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...

5. 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...

6. 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...

7. 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...

8. 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...

9. 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...

10. 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...