Costing Practice Questions & Answers

In adjustment issues and data collection, inflation affects the

In adjustment issues and data collection, inflation affects the

A).  cost driver and cost

B).  cost object and cost

C).  heterogeneous cost

D).  homogenous cost

If difference in costs is $7000 and difference in machine hours of is $18000, then slope coefficient would be

If difference in costs is $7000 and difference in machine hours of is $18000, then slope coefficient would be

A).  2.571

B).  0.39

C).  0.2571

D).  3.39

In adjustment issues of costing, database must contain reliable measure of

In adjustment issues of costing, database must contain reliable measure of

A).  fixed cost driver

B).  cost driver and cost

C).  cost driver and object

D).  mixed cost driver

Relationship between independent variable and dependent variable must be

Relationship between independent variable and dependent variable must be

A).  general ledger

B).  non-achievable

C).  non measureable

D).  economically plausible

If coefficients are similar for two accounting periods, then single cost relationship is estimated with help of

If coefficients are similar for two accounting periods, then single cost relationship is estimated with 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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