Multiple regression analysis

Assignment Help Cost Accounting
Reference no: EM139598

Q1. The high-low method uses cost and activity data from just two periods to establish a cost formula.

a. True
b. False

Q2.Contribution margin equals revenue minus all variable costs.

a. True
b. False

Q3.When more than one factor causes variations in the variable element of a mixed cost, multiple regression analysis should be used.

a. True
b. False

Q4.The contribution income statement organizes costs according to behavior.
a. True
b. False

Q5.The term "relevant range" refers to the levels of activity within which the assumptions relative to cost behavior are valid.
a. True
b. False

Q6.The high-low method is generally more accurate than the least-squares regression method in analyzing cost behavior.

a. True
b. False

Q7.In the least-squares regression method, total cost is considered to be "Y", the dependent variable.

a. True
b. False

Q8.On an income statement prepared by the traditional approach, costs are organized and presented according to function.

a. True
b. False

Q9.The following costs are all examples of committed fixed costs: depreciation on buildings, advertising, insurance, and management development and training.

a. True
b. False

Q10.The least-squares regression method computes the regression line that minimizes the sum of the squared deviations from the plotted points to the line.

a. True
b. False

Reference no: EM139598

Questions Cloud

Talk about the probable outcome : Sam Student had borrowed $1,000 from his cousin. Sam and the cousin became involved in a heated disagreement when the cousin began to press Sam for repayment of the loan.  Talk about the probable outcome.
Evaluate the actual return on the plan assets : James Paul importers provides the following pension plan- From the data above, evaluate the actual return on the plan assets for 2011.
Evaluate the present value of the minimum lease payments : What type of lease is this? Explain. Evaluate the present value of the minimum lease payments. Prepare all necessary journal entries for Burke for this lease through January 1, 2008.
Balance sheet in order to obtain additional funds : Preparation of a Corrected Balance Sheet in order to obtain additional funds for expansion by given the available information
Multiple regression analysis : When more than one factor causes variations in the variable element of a mixed cost, multiple regression analysis. the high-low method is generally more accurate than the least-squares regression method in analyzing cost behavior.
Unfavorable labor rate variance : An unfavorable labor rate variance can occur if workers with high hourly wage rates are assigned to work on products whose standards assume workers with low hourly wage rates.Throughput time is the amount of time required to process raw materials i..
The estimates of the variable and fixed components : What is the most likely effect on the labor variances in the first month of this strike. the estimates of the variable and fixed components of repair cost would be
Adjust the financial statements on posting balance sheet : adjust the financial statements  on posting Balance Sheet and Material loss on a year-end receivable because of a customer's bankruptcy
Evaluate the contribution margin for february : Management of Gilmartin Corporation, a manufacturing company. Evaluate the contribution margin for February.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd