The worse fit between estimated cost and actual observations is shown on regression line with ___________?

Related Mcqs:

1. 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...

2. 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...

3. 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...

4. The weak relationship between cost and cost driver is indicated on a regression line, which is ___________?

   A. curved B. slightly sloped C. completely sloped D. dotted...

5. 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...

6. 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...

7. 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...

8. 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...

9. The number of observations in regression analysis is considered as _____________?

   A. degree of possibility B. degree of average C. degree of variance D. degree of freedom...

10. 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...