Accounting MCQs

1590 MCQs  (Page 115 of 159)

Attempt Accounting MCQs Quiz
The higher level of production leads to ____________?
A. Higher repair cost
B. Higher setup cost
C. Lower repair cost
D. Higher setup cost
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If the coefficients are similar for two accounting periods, then single cost relationship is estimated with the help of ___________?
A. Data of fixed cost
B. Cost driver of data
C. Pool of data
D. Cost object of data
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If the difference in costs is $7000 and the difference in machine hours of is $18000, then slope coefficient would be ____________?
A. 2.571
B. 0.39
C. 0.2571
D. 3.39
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If the residual error is 25 and the predicted cost value is 50, then the observed cost value would be ______________?
A. 100
B. 25
C. 50
D. 75
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In regression analysis, if the observed cost value is 62 and predicted cost value is 29, then the disturbance term would be ____________?
A. 33
B. 91
C. 81
D. 43
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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
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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
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The goodness of fit predicted values is also known as ___________?
A. Coefficient of determination
B. Coefficient of index
C. Coefficient of residual
D. Coefficient of prediction
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In step cost functions, the cost is increased by ____________?
A. Discrete amounts
B. Same amounts
C. Linear amounts
D. Nonlinear amounts
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The strength of relationship between cost driver and cost is considered as __________?
A. Badness of residual
B. Goodness of residual
C. Badness of fit
D. Goodness of fit
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Word of the Day
20 Jul
Abundance
a very large quantity of something.
بہتات، زیادہ، فراوانی، کثرت

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