Practice specification analysis estimation assumptions quiz, cost accounting quiz 15 for online learning. Free accounting MCQs questions and answers to practice specification analysis : estimation assumptions MCQs with answers. Practice MCQs to test knowledge on specification analysis : estimation assumptions, use of variances, variable and fixed overhead costs, estimating cost function using quantitative analysis, flexible budget: cost accounting worksheets.

Free specification analysis : estimation assumptions worksheet has multiple choice quiz question as in assumptions of specific analysis, normality of residuals is satisfied with use of, answer key with choices as real price data, real cost data, multiplier data and divisional data problem solving to test study skills. For online learning, viva help and jobs' interview preparation tips, study cost function & behavior multiple choice questions based quiz question and answers. Specification Analysis : Estimation Assumptions Video

## Quiz on Specification Analysis : Estimation Assumptions Quiz PDF Download Worksheet 15

Specification Analysis : Estimation Assumptions Quiz

MCQ. In assumptions of specific analysis, the normality of residuals is satisfied with the use of

1. real price data
2. real cost data
3. multiplier data
4. divisional data

B

Use of Variances Quiz

MCQ. The consideration of decreased operating income relative to budgeted amount in static budget is classified as

1. revenue variance
2. cost variance
3. favorable variance
4. unfavorable variance

D

Variable and Fixed Overhead Costs Quiz

MCQ. An actual quantity of cost allocation base is \$56000, budgeted quantity of cost allocation base is \$17000 then the variable overhead efficiency variance is

1. \$39,000
2. \$49,000
3. \$59,000
4. \$73,000

A

Estimating Cost Function using Quantitative Analysis Quiz

MCQ. In quantitative analysis to estimate cost function, the fourth step is to

1. write a liner function
2. write price function
3. write manufacturing function
4. plot the data

D

Flexible Budget: Cost Accounting Quiz

MCQ. The flexible budget variance for the revenues of company is classified as

1. selling price variance
2. investment variance
3. profit variance
4. primary variance

A