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MCQOPTIONS
This section includes 64577 Mcqs, each offering curated multiple-choice questions to sharpen your General Knowledge knowledge and support exam preparation. Choose a topic below to get started.
| 4701. |
The total revenue is $9000 and the total variable cost is $2000 then the contribution margin is |
| A. | $11,000 |
| B. | −$7000 |
| C. | $4,500 |
| D. | $7,000 |
| Answer» E. | |
| 4702. |
The contribution margin per unit is $800 and the selling price is $20000 then the contribution margin percentage is |
| A. | 0.17 |
| B. | 0.14 |
| C. | 0.04 |
| D. | 0.25 |
| Answer» D. 0.25 | |
| 4703. |
The contribution margin per unit is multiplied to number of units sold to calculate |
| A. | revenue margin |
| B. | variable margin |
| C. | contribution margin |
| D. | divisor margin |
| Answer» D. divisor margin | |
| 4704. |
The contribution margin is $15000 and the units sold are 500 units then the contribution margin per unit |
| A. | $20 per unit |
| B. | $30 per unit |
| C. | $50 per unit |
| D. | $40 per unit |
| Answer» C. $50 per unit | |
| 4705. |
The total revenue is $10000 and the total variable cost is $4000 then the contribution margin is |
| A. | $25,000 |
| B. | $14,000 |
| C. | $6,000 |
| D. | $8,400 |
| Answer» C. $6,000 | |
| 4706. |
If the difference in costs is $9000 and the difference in machine hours of is $15000 then slope coefficient is |
| A. | 1.24 |
| B. | 0.24 |
| C. | 0.6 |
| D. | 1.667 |
| Answer» D. 1.667 | |
| 4707. |
The value which measures that how large is the value of standard error in relevane to value of estimated coefficient is classified as the |
| A. | t-value |
| B. | b-value |
| C. | d-value |
| D. | c-value |
| Answer» B. b-value | |
| 4708. |
The analysis and estimation method of cost by classifying cost accounts as fixed or variable with respect to specific output level is considered as |
| A. | manufacturing analysis method |
| B. | price analysis method |
| C. | unit analysis method |
| D. | account analysis method |
| Answer» E. | |
| 4709. |
If the difference in costs is $32000 and the slope coefficient is 0.40 then difference in machine hours is |
| A. | $80,000 |
| B. | $12,800 |
| C. | $70,000 |
| D. | $22,800 |
| Answer» B. $12,800 | |
| 4710. |
The graphical representation of data of cost driver and costs is considered as |
| A. | plotting the data |
| B. | plotting the costs |
| C. | plotting the cost drivers |
| D. | plotting curved line |
| Answer» B. plotting the costs | |
| 4711. |
The residual term is also considered as |
| A. | error term |
| B. | disturbance term |
| C. | relevant term |
| D. | both a and b |
| Answer» E. | |
| 4712. |
The percentage of variation in the Y explained by the X is measured by |
| A. | coefficient of residual |
| B. | coefficient of prediction |
| C. | coefficient of determination |
| D. | coefficient of index |
| Answer» D. coefficient of index | |
| 4713. |
The worse fit between estimated cost and actual observations is shown on regression line with |
| A. | larger residual terms |
| B. | zero residual terms |
| C. | variable residual terms |
| D. | smaller residual terms |
| Answer» B. zero residual terms | |
| 4714. |
The large residual terms and negative slope of line indicates |
| A. | inversely proportion |
| B. | directly proportion |
| C. | badness proportions |
| D. | goodness proportion |
| Answer» B. directly proportion | |
| 4715. |
The second step in estimation of cost function by using quantitative analysis is to |
| A. | choose independent variable |
| B. | choose cost estimation method |
| C. | choose price estimation method |
| D. | choose dependant variable |
| Answer» B. choose cost estimation method | |
| 4716. |
The industrial engineering method is used to analyze the realtionship between |
| A. | marketing and financing |
| B. | price and costs |
| C. | input and output |
| D. | units and batches |
| Answer» D. units and batches | |
| 4717. |
The high-low method is used for estimation of |
| A. | linear coefficient |
| B. | cost coefficient |
| C. | slope coefficient |
| D. | price coefficient |
| Answer» D. price coefficient | |
| 4718. |
Within the relevant range, the cost function in which cost does not change in narrow ranges of activity is classified as |
| A. | fixed cost function |
| B. | variable cost function |
| C. | step variable cost function |
| D. | step fixed cost function |
| Answer» D. step fixed cost function | |
| 4719. |
The slope coefficient is 0.75 and the difference in machine hours is $65000 then difference in cost is |
| A. | $86,667 |
| B. | $48,750 |
| C. | $85,000 |
| D. | $55,000 |
| Answer» B. $48,750 | |
| 4720. |
The examples of nonlinear cost functions are |
| A. | step constant functions |
| B. | step cost functions |
| C. | step price functions |
| D. | step object functions |
| Answer» C. step price functions | |
| 4721. |
In regression analysis, if the predicted cost value is 65 and observed cost value is 19 then the disturbance term is |
| A. | 46 |
| B. | 56 |
| C. | 36 |
| D. | 76 |
| Answer» B. 56 | |
| 4722. |
The estimated coefficient that indicates the degree by which the estimated values are affected by random factors is classified as |
| A. | standard error of estimated coefficient |
| B. | weighted error of estimated coefficient |
| C. | average of estimated coefficient |
| D. | variance of estimated coefficient |
| Answer» B. weighted error of estimated coefficient | |
| 4723. |
For slope coefficient b, the value of the estimated coefficient is considered as |
| A. | d-value |
| B. | c-value |
| C. | t-value |
| D. | b-value |
| Answer» D. b-value | |
| 4724. |
The evaluation criteria of regression equation must considers |
| A. | goodness of fit |
| B. | economic plausibility |
| C. | significance of independent variable |
| D. | All of Above |
| Answer» E. | |
| 4725. |
If the difference in costs is $16000 and the slope coefficient is 0.40 then difference in machine hours is |
| A. | $50,000 |
| B. | $5,400 |
| C. | $6,400 |
| D. | $40,000 |
| Answer» E. | |
| 4726. |
Considering the relationship of variables, the relationship in which the activity cost included in the dependent variable has similar cost driver is classified |
| A. | heterogeneous relationship |
| B. | extreme relationship |
| C. | no homogenous relationship |
| D. | homogenous relationship |
| Answer» E. | |
| 4727. |
The unexplained variation is 255050 and the total variation is 550505 then coefficient of determination is |
| A. | 0.5063 |
| B. | 0.4633 |
| C. | 2.16 |
| D. | 0.5367 |
| Answer» E. | |
| 4728. |
In the specification analysis, the assumptions related to residuals states that theses are must be |
| A. | worst |
| B. | independent |
| C. | dependent |
| D. | good |
| Answer» C. dependent | |
| 4729. |
The assumption of specification analysis which states that all the values of residuals are uniformly scattered around regression line is classified as |
| A. | abnormality of residuals |
| B. | normality of regression |
| C. | normality of residuals |
| D. | abnormality of regression |
| Answer» D. abnormality of regression | |
| 4730. |
The line which used join observations with lower and highest values of cost driver is considered as |
| A. | straight line |
| B. | curved line |
| C. | horizontal line |
| D. | vertical line |
| Answer» B. curved line | |
| 4731. |
The cause and effect relationship between activity and costs is result of |
| A. | contractual agreement |
| B. | knowledge of operations |
| C. | measureable unit relationship |
| D. | All of Above |
| Answer» E. | |
| 4732. |
The unexplained variation is 456870 and the total variation is 955000 then the coefficient of determination is |
| A. | 0.4528 |
| B. | 0.4783 |
| C. | 0.5216 |
| D. | 0.5425 |
| Answer» D. 0.5425 | |
| 4733. |
The cost that has elements of variable and fixed costs at the same time is considered as |
| A. | variable cost |
| B. | mixed cost |
| C. | semi variable cost |
| D. | Both B and C |
| Answer» E. | |
| 4734. |
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 |
| Answer» E. | |
| 4735. |
The range in which there exists a relationship between level of activity or total cost is classified as |
| A. | functional range |
| B. | relevant range |
| C. | unit range |
| D. | related range |
| Answer» C. unit range | |
| 4736. |
In adjustment issues and data collection, the inflation affects the |
| A. | cost driver and cost |
| B. | cost object and cost |
| C. | heterogeneous cost |
| D. | homogenous cost |
| Answer» B. cost object and cost | |
| 4737. |
The relationship between independent variable and dependent variable must be |
| A. | general ledger |
| B. | non-achievable |
| C. | non measureable |
| D. | economically plausible |
| Answer» E. | |
| 4738. |
The first step in estimation of cost function by using quantitative analysis is to |
| A. | choose price estimation method |
| B. | choose dependant variable |
| C. | choose independent variable |
| D. | choose cost estimation method |
| Answer» C. choose independent variable | |
| 4739. |
The main advantages lie in quantitative method are |
| A. | non expression |
| B. | non constant |
| C. | objective |
| D. | non objective |
| Answer» D. non objective | |
| 4740. |
To decide whether the cost is variable cost or fixed cost with respect to some specific activity depends upon |
| A. | units of labor |
| B. | unit of production |
| C. | time horizon |
| D. | units of inventory |
| Answer» D. units of inventory | |
| 4741. |
In plotting the cost functions, the number of machine hours and number of batches are represented on |
| A. | unit axis |
| B. | term axis |
| C. | x-axis |
| D. | y-axis |
| Answer» E. | |
| 4742. |
The unexplained variation is 350050 and the total variation is 700505 then coefficient of determination is |
| A. | 3 |
| B. | 0.5003 |
| C. | 0.7003 |
| D. | 2 |
| Answer» C. 0.7003 | |
| 4743. |
in estimation of cost function, the example of independent variable is |
| A. | level of activity |
| B. | quantity stored |
| C. | quantity manufactured |
| D. | quality of product |
| Answer» B. quantity stored | |
| 4744. |
The assumption which states that there must be linear relationship between independent variable and dependent variable is classified as |
| A. | irrelevant range of linearity |
| B. | relevant range of linearity |
| C. | significant range |
| D. | insignificant range |
| Answer» C. significant range | |
| 4745. |
The higher level of production leads to |
| A. | higher repair cost |
| B. | higher setup cost |
| C. | lower repair cost |
| D. | higher setup cost |
| Answer» B. higher setup cost | |
| 4746. |
In regression analysis, the observed cost value is 85 and the disturbance error is 25 then predicted cost value is |
| A. | 110 |
| B. | 125 |
| C. | 60 |
| D. | 70 |
| Answer» D. 70 | |
| 4747. |
In regression analysis, if the observed cost value is 50 and predicted cost value is 7 then the disturbance term is |
| A. | 57 |
| B. | 43 |
| C. | 67 |
| D. | 47 |
| Answer» C. 67 | |
| 4748. |
In regression analysis, the testing of assumptions if these are true or not is classified as |
| A. | weighted analysis |
| B. | average analysis |
| C. | significance analysis |
| D. | specification analysis |
| Answer» E. | |
| 4749. |
The goodness of fit is used to measure the wellness of |
| A. | actual values |
| B. | predicted values |
| C. | residual values |
| D. | indexed values |
| Answer» C. residual values | |
| 4750. |
The error term, disturbance term or residual term is calculated as |
| A. | U=A-b |
| B. | u=A-a |
| C. | u=Y-y |
| D. | u=X-x |
| Answer» D. u=X-x | |