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Unformatted text preview: wer: B Explanation: B) $
Diff: 3 T 3 AACSB: Analytical skills 97) The cost to be predicted is referred to as the: A) independent variable B) dependent variable C) cost driver D) regression Answer: B Diff: 2 Terms: dependent variable, cost function Objective: 4 AACSB: Reflective thinking 98) The independent variable: A) is also referred to as the cost driver B) may also be called the cost-allocation base if referring to an indirect cost C) should have an economically plausible relationship with the dependent variable D) All of these answers are correct. Answer: D Diff: 2 Terms: independent variable, cost function Objective: 4 AACSB: Reflective thinking 99) How following information:
separate Postage costs
cost pools Printing and paper costs
should be Quality control costs
formed Customer service costs
given the A) Cost driver
# of brochures mailed
# of brochures mailed
# of inspections
# of customers served 1 cost pool B) 2 cost pools C) 3 cost pools D) 4 cost pools Answer: C Diff: 2 Terms: cost function, cost estimation Objective: 4 AACSB: Analytical skills 100) Place the function using quantitative analysis:
following A = Plot the data
steps in B = Estimate the cost function
order for C = Choose the dependent variable
estimating D = Identify the cost driver a cost A) D C A B B) C D A B C) A D C B D) D C B A Answer: B Diff: 2 Terms: cost function Objective: 4 AACSB: Analytical skills 101) All individual cost items included in the dependent variable should have: A) the same cost driver B) a cause-and- effect relationship with the independent variable C) an economically plausible relationship with the independent variable D) All of these answers are correct. Answer: D Diff: 2 Terms: dependent variable Objective: 4 AACSB: Reflective thinking 102) Collecting data on the dependent variable and the cost driver may include: A) interviews with managers B) collecting data over a long period of time C) collecting data from different entities over the same period of time D) All of these answers are correct. Answer: D Diff: 2 Terms: cost function, dependent variable Objective: 4 AACSB: Reflective thinking 103) A plot of data that results in bunched points with little slope generally indicates: A) a strong relationship B) a weak relationship C) a positive relationship D) a negative relationship Answer: B Diff: 3 Terms: cost estimation, cost function Objective: 4 AACSB: Reflective thinking 104) A p...
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This note was uploaded on 12/12/2012 for the course SB 305 taught by Professor Brown during the Spring '08 term at Clarkson University .
- Spring '08