Regression Equation Quiz Questions and Answers PDF - 13

MCQ 61: Evaluation criteria of regression equation must be considered as

1. goodness of fit
2. economic plausibility
3. significance of independent variable
4. all of above

MCQ 62: If the inventory level decreases then operating income, under variable costing, will be reported

1. more
2. less
3. zero
4. none of above

MCQ 63: If target operating income is $38000, contribution margin per unit is $400, then the number of units must be sold to earn targeted operating income will be

1. 65 units
2. 75 units
3. 95 units
4. 85 units

MCQ 64: The products, divisions and customers are the examples of

1. revenue increment
2. reciprocal revenue
3. revenue allocation
4. revenue object

MCQ 65: In cost terms, the direct manufacturing labor cost is included in

1. manufacturing costs
2. prime costs
3. conversion costs
4. both B and C