Question
CHoices for all are: accounting analysis,average cost per unit,committed fixed cost,curvillear cost(s),fixed cost(s),High-Low method,R-Square,regression analysis,step cost(s), Total cost(s),Varaible cost(s) Complete the following statements with one
CHoices for all are: accounting analysis,average cost per unit,committed fixed cost,curvillear cost(s),fixed cost(s),High-Low method,R-Square,regression analysis,step cost(s), Total cost(s),Varaible cost(s)
Complete the following statements with one of the terms listed below. You may use a term more than once, and some terms may not be used at all.
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An s-shaped line would represent a...
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The cost equation resulting from using
is described as "the line of best fit."
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is a method for determining cost behavior that is based on a manager's judgment.
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The vertical intercept of the
line is zero.
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are a type of cost behavior that is fixed over a small range of activity and then jumps to a different
fixed level with moderate changes in volume.
Save Accounting Table...+Copy to Clipboard...+f.
The
value is referred to as the "goodness-of-fit" statistic.
Save Accounting Table...+Copy to Clipboard...+g.
As the activity level rises and falls,
remain constant in total.
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are fixed costs that management has little or no control over in the short run.
i.
The total
line increases as the volume of activity increases, but the line does not begin at the origin.
Save Accounting Table...+Copy to Clipboard...+j.
is the cost to produce a single unit of production as calculated by dividing the total cost
by the total number of units produced.
k.
The
uses two data points to arrive at a cost equation to describe a mixed cost.
Save Accounting Table...+Copy to Clipboard...+l.
The
per unit is inversely related to the volume of activity.
Save Accounting Table...+Copy to Clipboard...+m.
is equal to the sum of
plus
.
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