quantitative analysis method” when analysing costs
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Question 2
Differentiate between “account analysis method” and “quantitative analysis method”
when analysing costs
Answer should not be less than 500 words. thank you.
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- _____Identifying the relationship between the activity and the costs is a key step in which of the following cost estimation methods? a) Scattergraph. b) High-low method. c) Linear regression. d) Account analysis.Which cost driver would you recommend Cooper use going forward? a)Actual MOH B) Fixed MOH C)DM Cost d)DL hours e)Applied MOHUsing the data in E4-2 and spreadsheet software, determine: The variable cost per unit, the total fixed cost, and R2. The plotted data points using the graphing function. Compare the results to your solutions in E4-2 and E4-3 and explain the reasons for the results.
- Least-squares regression is a statistical method for identifying cost behavior. True or False TrueSearch about how different techniques are efficient to estimate cost. – Engineered estimate of cost– Analysis at the account level– Regression analysisWhich of the following statements is true? Select one: O a. The most complex of the cost estimation methods is the high-low method. O b. Engineering approach approximates cost function by classifying each account as either variable or fixed based on the analyst's knowledge of how the account behaves. C The high-low method of deriving an estimated cost line uses all the data points available. O d. In approximating the cost function, the account analysis classifies costs based upon an industrial engineer's evaluation of production methods, and material, labor, and overhead requirements. O e. The high-low method is used to derive an estimated line of cost behavior by graphically connecting the two cost amounts identified with the highest and lowest volume levels.
- 1. Multiple-Choice Question - FIFO When using FIFO, A) Identical costs go to the balance sheet and the income statement. B) Management uses average costs to assign to the balance sheet and the income statement. C) Older costs go to the income statement; newer costs go to the balance sheet. D) Older costs go to the balance sheet; newer costs go to the income statement. Explain for the answer chosen please.Match the type of cost shown in the left column with the corresponding description shown in the right column, choosing the appropriate letter in the drop-down list. Question content area bottom Part 1 1. Irrelevant cost A. A cost that has not yet been incurred but which must, under some contract or obligation, be incurred. 2. Future outlay cost B. A cost that is not pertinent to a particular decision. 3. Opportunity cost C. A cost that involves the spending of money or some other transfer of assets. 4. Sunk cost D. A cost which has been incurred in the past. 5. Committed cost E. The cost incurred when one course of action prevents some benefit occurring from another course of action.Hi I'm looking for an explaination on how to compute gross margin under absorption costing with these twi connected problems. Thank you!
- Question-based on, "using Weighted Average cost"... I have tried it but unable to get the correct answer. Any help would be appreciated.Which of the following methods of cost estimation relies on only two data points? A. the high-low method B. account analysis C. least-squares regression D. SWOT analysis.Analyzi.ng a cost-volume-profit graph Determine each change effects the elements of the cost-volume profit graph by placing an X in the appropriate column(s).
