Regression analysis in cost accounting is primarily used to ? A) Predict cost behaviour B) Calculate taxes C) Record transactions D) Prepare financial statements

Determine the term being defined or described by the following statement: Evaluation of how income will change based on an alternative course of action. a. Differential analysis b. Opportunity cost c. Product cost distortion d. Sunk cost e. Theory of constraints

Which of the following are not tools of management accounting a. Cash Flow Statement b. Ratio Analysis c. Process Costing d. Funds Flow Statement

Accounting Current Cost Measurement Why liabilities, such as Accounts Payable (an obligation) is usually recorded using current cost in the financial statements rather than historical cost measurement?

Explain how a contribution margin income statement can be used to determine profitability.

A responsibility center structure that considers investments made by the operating segments by using a common cost of capital percentage is called_______. A. return on investment B. residual income C. a profit center D. a discretionary cost center

What is the effect on the current period income statement and the balance sheet when inventories are written down using the lower of cost or market method? What is the effect on future period income statements and balance sheets?

What is income approach measurement?

Define and explain cost accounting system

Explain the following measurement bases of the elements of financial statements andindicate how assets and liabilities are measured in each case:i. Historical cost ii. Current cost iii. Realisable value