The work measurement method of cost estimation is also called ___________?

Related Mcqs:

1. 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...

2. An analysis and estimation method of cost, by classifying cost accounts as fixed or variable with respect for specific output level is considered as _____________?

   A. manufacturing analysis method B. price analysis method C. unit analysis method D. account analysis method...

3. 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...

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

   A. cost object hierarchy B. management hierarchy C. price hierarchy D. cost hierarchy...

5. The high-low method is used for estimation of ___________?

   A. linear coefficient B. cost coefficient C. slope coefficient D. price coefficient...

6. Considering dual rate method, if employees work for 8500 budgeted hours at $120 per hour, and work for 9500 actual hours at $110 per hour, then the total cost would be ____________?

   A. $2,078,000 B. $3,078,000 C. $2,065,000 D. $3,065,000...

7. 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...

8. 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...

9. The second step for estimation of cost function by using quantitative analysis is to ___________?

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

10. If the beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and units completed in current period are 4000, then ending work in process equivalent units will be ___________?

    A. 1800 units B. 2300 units C. 10300 units D. 1500 units...