Directions: Choose the right answer in the multiple-choice 1. What is the cost incurred in the past? A. Future cost B. Unknown cost C. Already incurred cost D. Accounting Cost E. None of the above 2. The formula: Y=a+bx+cz is an example of A. Simple regression B. Multiple regression C. Linear programming D. None of the above 3. If “r” between two variables is zero, how might the scatter diagram of these variables appear? A. A least-square line that slopes to the right B. A least-square line that slopes to the left C. Under this case, the scatter diagram could not be plotted in the graph D. None of the above 4. In cost accounting, relevant range is the range over which A. Production is stable B. Costs are stable and constant C. Total fixed cost fluctuates D. Cost relationship Is not valid E. None of the above 5. Which of the following is a controller’s responsibility? A. Provision for capital B. Custodian of funds C. Credit and collection D. Arranging shirt term loans E. None of the above
Directions: Choose the right answer in the multiple-choice 1. What is the cost incurred in the past? A. Future cost B. Unknown cost C. Already incurred cost D. Accounting Cost E. None of the above 2. The formula: Y=a+bx+cz is an example of A. Simple regression B. Multiple regression C. Linear programming D. None of the above 3. If “r” between two variables is zero, how might the scatter diagram of these variables appear? A. A least-square line that slopes to the right B. A least-square line that slopes to the left C. Under this case, the scatter diagram could not be plotted in the graph D. None of the above 4. In cost accounting, relevant range is the range over which A. Production is stable B. Costs are stable and constant C. Total fixed cost fluctuates D. Cost relationship Is not valid E. None of the above 5. Which of the following is a controller’s responsibility? A. Provision for capital B. Custodian of funds C. Credit and collection D. Arranging shirt term loans E. None of the above
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 16MC: Which of the following methods of cost estimation relies on only two data points? A. the high-low...
Related questions
Question
100%
Directions: Choose the right answer in the multiple-choice
1. What is the cost incurred in the past?
A. Future cost
B. Unknown cost
C. Already incurred cost
D. Accounting Cost
E. None of the above
2. The formula: Y=a+bx+cz is an example of
A. Simple regression
B. Multiple regression
C. Linear programming
D. None of the above
A. Simple regression
B. Multiple regression
C. Linear programming
D. None of the above
3. If “r” between two variables is zero, how might the scatter diagram of these variables appear?
A. A least-square line that slopes to the right
B. A least-square line that slopes to the left
C. Under this case, the scatter diagram could not be plotted in the graph
D. None of the above
A. A least-square line that slopes to the right
B. A least-square line that slopes to the left
C. Under this case, the scatter diagram could not be plotted in the graph
D. None of the above
4. In cost accounting, relevant range is the range over which
A. Production is stable
B. Costs are stable and constant
C. Total fixed cost fluctuates
D. Cost relationship Is not valid
E. None of the above
A. Production is stable
B. Costs are stable and constant
C. Total fixed cost fluctuates
D. Cost relationship Is not valid
E. None of the above
5. Which of the following is a controller’s responsibility?
A. Provision for capital
B. Custodian of funds
C. Credit and collection
D. Arranging shirt term loans
E. None of the above
B. Custodian of funds
C. Credit and collection
D. Arranging shirt term loans
E. None of the above
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College