A. larger residual terms
B. zero residual terms
C. variable residual terms
D. smaller residual terms
Related Mcqs:
- 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 - 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 - 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 - 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 - 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 - 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 - 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 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 - 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
