Scribd Logo
Upload

Welcome to Scribd!

  • Ab 23

    Uploaded by

    Spade X
    3 views1 page
    The ideal database for cost estimation contains numerous, reliably measured cost driver observations that span a wide range. Effective cost estimation also requires separately identifying fixed and variable costs rather than allocating both to products on a per unit basis. Data collection problems can arise when fixed and variable costs are not separately identified and both are allocated to products on a per unit basis.

    Original Description:

    Original Title

    AB-23

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The ideal database for cost estimation contains numerous, reliably measured cost driver observations that span a wide range. Effective cost estimation also requires separately identifying fixed and variable costs rather than allocating both to products on a per unit basis. Data collection problems can arise when fixed and variable costs are not separately identified and both are allocated to products on a per unit basis.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    3 views1 page

    Ab 23

    Uploaded by

    Spade X
    The ideal database for cost estimation contains numerous, reliably measured cost driver observations that span a wide range. Effective cost estimation also requires separately identifying fixed and variable costs rather than allocating both to products on a per unit basis. Data collection problems can arise when fixed and variable costs are not separately identified and both are allocated to products on a per unit basis.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    1.

    The ideal database contains:


    a. numerous cost driver observations
    b. reliably measured observations
    c. cost driver observations spanning a wide range
    d. All of these answers are correct.

    Answer: d Difficulty: 1 Objective: 8


    Terms to Learn: cost estimation

    2. Data collection problems arise when:


    a. data are recorded electronically rather than manually
    b. accrual-basis costs are used rather than cash-basis costs
    c. fixed and variable costs are not separately identified and both are allocated to
    products on a per unit basis
    d. purely inflationary price effects are removed

    Answer: c Difficulty: 3 Objective: 8


    Terms to Learn: cost estimation

    You might also like