[amp_mcq option1=”choose alternatives” option2=”evaluate alternatives” option3=”efficiency improvements” option4=”predicted improvements” correct=”option2″]
Detailed SolutionFourth step in development of operating budget is to
Costing
22. Large residual term and negative slope of line indicate
[amp_mcq option1=”inverse proportion” option2=”direct proportion” option3=”badness proportions” option4=”goodness proportion” correct=”option1″]
Detailed SolutionLarge residual term and negative slope of line indicate
23. An amount by which total cost changes with respect to change in level of activity is classified as
[amp_mcq option1=”activity coefficient” option2=”cost coefficient” option3=”change coefficient” option4=”slope coefficient” correct=”option4″]
24. . . . . . . . . is the value of a benefit where no actual cost is incurred.
[amp_mcq option1=”Imputed” option2=”Sunk” option3=”Out of pocket” option4=”None of these” correct=”option1″]
Detailed Solution. . . . . . . . is the value of a benefit where no actual cost is incurred.
25. An assumption of specification analysis, which states all values of residuals which are uniformly scattered around regression line is classified as
[amp_mcq option1=”abnormality of residuals” option2=”normality of regression” option3=”normality of residuals” option4=”abnormality of regression” correct=”option3″]
26. Inventory turnover ratio = Cost of inventory consumed during the period ÷ Cost of . . . . . . . . held during the period.
[amp_mcq option1=”average inventory” option2=”minimum inventory” option3=”maximum inventory” option4=”None of these” correct=”option1″]
27. Costs of undertaken activities is to support individual products are known as
[amp_mcq option1=”expected sustaining” option2=”input sustaining” option3=”output sustaining” option4=”product sustaining costs” correct=”option4″]
Detailed SolutionCosts of undertaken activities is to support individual products are known as
28. Service costing is used in industries producing . . . . . . . .
[amp_mcq option1=”products” option2=”service” option3=”Both A and B” option4=”None of these” correct=”option3″]
Detailed SolutionService costing is used in industries producing . . . . . . . .
29. Master budget includes all projections of company’s budget and focuses on
[amp_mcq option1=”serial correlation” option2=”marketing plan” option3=”financial plan” option4=”both B and C” correct=”option3″]
Detailed SolutionMaster budget includes all projections of company’s budget and focuses on
30. In regression analysis, if predicted cost value is 65 and observed cost value is 19 then disturbance term will be
[amp_mcq option1=”46″ option2=”56″ option3=”36″ option4=”76″ correct=”option1″]