loader  Loading... Please wait...

Question(s) / Instruction(s):


138.     The understanding and quantification of how activities of an organization affect levels of costs

139.      An activity that can be graphed with a straight line because each cost is assumed to be either fixed or variable

140.      Costs that change abruptly at intervals of activity because the resources and      their costs are only available in indivisible chunks


141.      These costs contain elements of both fixed- and variable-cost behavior


142.      These costs are the fixed costs of being able to achieve a desired level of production or to provide a desired level of service while maintaining product or service attributes, such as quality


143.      These costs are determined by management as part of the periodic planning process to meet the organization's goals


144.      The first step in estimating or predicting costs as a function of appropriate cost drivers


145.     These costs arise from the possession of facilities, equipment, and basic organization

146.     Examples of this type of cost are advertising, research and development, and employee training programs

147.     Examples of this type of cost are mortgage payments, property taxes, and insurance


148.      An algebraic equation used by managers to describe the relationship between a cost and its cost driver(s)


149.     Managers should apply these criteria to obtain accurate and useful cost functions


150.      Managers use this to identify appropriate cost drivers and their effects on the costs of making a product or providing a service


151.      The application of cost measures to expected future activity levels to forecast future costs



152.      This method measures cost behavior according to what costs should be, not by what costs have been


153.      The simplest of the three methods to measure a linear-cost function from past cost data


154.     This nonstatistical approach is more reliable than the high-low method because it      uses all the available data instead of just two points


155.     Measuring a cost function objectively by using statistics to fit a cost function to all the data


156.     The measure of reliability, or goodness of fit


157.     Measuring a cost function by looking to the accounting system for information about cost behavior


Find Similar Answers by Subject

Student Reviews

Rate and review your solution! (Please rate on a Scale of 1 - 5. Top Rating is 5.)

Expert's Answer
Download Solution:

This solution includes:

  • Plain text
  • Cited sources when necessary
  • Attached file(s)
  • Solution Document(s)

Reach Us