Which of the following statements about the visual fit method is/are correct? A: The method results in creation of a scatter diagram. B: The method is not totally objective because of the manner in which the cost line is determined. C: The method is especially helpful in the determination of outliers.  A. A only B. A and B C. A and C D. A, B, and C

Q: The definition of Materiality is: c. accuracy is always the most important consideration regardless…

A: The objective of the question is to identify the correct definition of Materiality in the context of…

Q: Describe in words how an NPV profile is constructed. How do you determine the intercepts for the x…

A: NPV profile means the graph which depicts the Net present value of the project at various discount…

Q: In the mixed cost function Y A+ BX, total variable costs is represented by: O a. Y Ob. A BX C. BX O…

A: In accounting, the term mixed costs refers to costs and expenses that consist of two components: A…

Q: High-low and regression cost estimation methods are alike in that they both: Select one: O a. Have a…

A:

Q: Which cost estimation method is the least accurate or the most subjective?  account analysis…

A: Account analysis method of cost estimation decided whether the cost is fixed or variable it depends…

Q: Describe the visual-fit method of cost estimation. What are the main strengths and weaknesses of…

A:

Q: Which of the following is NOT true of regression techniques for estimating costs?

A: Cost:   Cost can be defined as the cash and cash equivalent which is incurred against the products…

Q: Which of the following statements related to cost estimation methods is true ? a . Only high -low…

A: When the total cost for the expenses change or does not change with the change in the output, it…

Q: In a decision analysis situation, which one of the following costs is generally not relevant to the…

A: Relevant cost is the cost that is different between different alternatives. This cost is considered…

Q: n a decision analysis situation, which one of the following costs is generally not relevant to the…

A: Decision making is the process used to choose one of the various available alternatives. Examples of…

Q: Identifying the relationship between the activity and the costs is a key step in which of the…

A: Scattergraph is a method of visual representation of the relationship between the cost & the…

Q: The revenue risk can be significantly reduced if these revenue sources move in _____ Group of answer…

A: risk is the degree of uncertainty of occurring or non-occurring of worse things, in generally…

Q: In the cost equation TC = F + VX, “V” is best described as the:    Multiple Choice   intercept…

A: The objective of the question is to identify the correct description of 'V' in the cost equation TC…

Q: What is the purpose of using the high-low method?

A: High-low method: In the high-low method, the semi variable-cost approximation is calculated by using…

Q: 7. Which of the following charts best represent total variable costs? For each chart, the line…

A: Total variable cost which increases when number of production units increases I.e changing of…

Q: List several potential problems with ratio analysis.

A: Ratio analysis is a correlation of details in an organization's financial reports. It is utilized to…

Q: Which of the following statements is true? Select one: O a. The most complex of the cost estimation…

A: High-low method: It is the method of estimating the variable cost per unit and the fixed costs by…

Q: The most popular method used to calculate VaR is: Group of answer choices B. Parametric VaR D.…

A: VAR is the value at risk. It is used to calculate the maximum amount of loss from a portfolio for a…

Q: 2) Which of the following techniques is not used to analyze cost behavior? A) Least-squares…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: How does the computation of equivalent units under the FIFO method differ from thecomputation of…

A: Equivalents units for production: The activity of a processing department in terms of fully…

Q: How does it compare with the NPV based on the WACC​ method?  ​(Select the best choice​ below.)…

A: WACC can be used as a discount rate to calculate the net present value of future cash flows from a…

Q: oal Seek is limited to a single parameter. Group of answer choices True False

A: Goal seek works only on a single parameter but it can used on multiple cells. If there are multiple…

Q: The independent variable in regression analysis is: Multiple Choice Usually expressed as a…

A: The objective of the question is to identify the correct definition or characteristic of the…

Q: A factor that causes or leads to a change in a cost or activity is a(n) a. slope. b. intercept. c.…

A: (a) Costs are the expenditures that are incurred in the business for manufacturing or selling of…

Q: Metrics that are early in the value chain are normally considered to be _____ indicators. a.value…

A: Value chain analysis is analyzing the chain of process which create value to the company

Q: Compare the linear and nonlinear CVP analysis and provide analyses about the effectiveness of both.

A: The objective of the question is to compare and analyze the effectiveness of linear and nonlinear…

Q: Standards that can be attained with reasonable effort are called O a. theoretical Ob. ideal O c.…

A: Standards are the performance goals which are set as a benchmark. Standards provide an acceptable…

Q: Explain two (2) disadvantages associated with the use ratio analysis.

A: Introduction Ratio Analysis is the management accounting tool used to ascertain liquidity, solvency,…

Q: What are the advantage  of the scattergraph method over the high-low method? The high-low method…

A: Cost accounting is beneficial since it can demonstrate where a corporation spends money, earns…

Q: The process of choosing among competing alternatives is called a. planning.b. decision making.c.…

A: Planning represents the process of identifying goals and plan to achieve those goals. Controlling…