Question

Which of the following is a step followed by an analyst to overcome problems related to...

Which of the following is a step followed by an analyst to overcome problems related to data collection for estimating cost function?

  1. To include the inflationary price effects in the data
  2. To consider fixed costs as variable costs and treat allocated fixed costs per unit as a variable cost
  3. To eliminate unusual observations if extreme values of observations occur
  4. To use cash accounting
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer:-

Option (c)

To eliminate unusual observations if extreme values of observations occur.

Add a comment
Know the answer?
Add Answer to:
Which of the following is a step followed by an analyst to overcome problems related to...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • question 31 a better database for estimating cost function has the following characteristics 1-there is no...

    question 31 a better database for estimating cost function has the following characteristics 1-there is no causal , economically plausible relationship between individual cost items in a heterogeneous mixed pool and a single cost driver 2 time periods differ for measuring items included in the dependent variable and the cost driver 3- fixed costs are allocated as if they are variable costs 4 homogeneous relationship between individual cost items in the dependent variable pool and cost drivers may not be...

  • Company AG produces and sells rocket parts. The company presents the following data related to its...

    Company AG produces and sells rocket parts. The company presents the following data related to its variable and fixed indirect costs. Both costs are allocated using machine hours of Laser cutter. Budgeted: -Variable Indirect Cost Rate $ 200.00 per hour -Indirect Fixed Cost Rate $ 240.00 per hour -Hours required per piece of rocket 1.5 hours -Units to produce and sell for 2018 5,000 pieces -Total Indirect Fixed Cost $ 1,800,000 Results for the year 2018: -Units produced and sold...

  • Wk Qu. 4-12 An analyst built the following... An analyst built the following spreadsheet, complete with...

    Wk Qu. 4-12 An analyst built the following... An analyst built the following spreadsheet, complete with named ranges (for example, cell B2 is named "Unit_Price" based on the heading in cell A2). TA 1 2 Unit Price 3 Unit Cost 4 Unit Gross Profit 10 5.73 Unit Price - Unit_Cost Quantity Sold 7,500 6 7 8 9 10 11 12 ost Gross Revenue Variable Costs Fixed Costs Net Profit Profit per Unit = Quantity_Sold x Unit Price = Quantity_Sold x...

  • Ben Blum recently graduated from Moonshadow University's accounting program. He has been hired as an analyst...

    Ben Blum recently graduated from Moonshadow University's accounting program. He has been hired as an analyst by Primrose Tire Company and one of his first assigned tasks was to evaluate the North East division of Primrose. This division has been heavily focused on producing a special snow and mud tire. Sales of the special tire have been disappointing and management is now evaluating whether to eliminate the North East division. Ben performed the following analysis and is preparing to address...

  • Match each definition with its related term by selecting the appropriate term in the dropdown provided....

    Match each definition with its related term by selecting the appropriate term in the dropdown provided. (Select "None of these are correct" if there is no term for the "Definition".) Term Definition A. The way in which total cost behaves or changes, when some measure of activity changes. B. The range of activity over which assumptions about cost behavior hold true. C. A cost that changes in total in direct proportion to changes in activity while the per unit cost...

  • Match each definition with its related term by selecting the appropriate term in the dropdown provided....

    Match each definition with its related term by selecting the appropriate term in the dropdown provided. (Select "None of these are correct" if there is no term for the "Definition") Term Definition A The way in which total cost behaves or changes, when some measure of activity changes. B. The range of activity over which assumptions about cost behavior hold true. c. A cost that changes in total in direct proportion to changes in activity while the per unit cost...

  • Match each definition with its related term by selecting the appropriate term in the dropdown provided....

    Match each definition with its related term by selecting the appropriate term in the dropdown provided. (Select "None of these are correct" if there is no term for the "Definition".) Definition A. The way in which total cost behaves or changes, when some measure of activity changes. B. The range of activity over which assumptions about cost behavior hold true. C. A cost that changes in total in direct proportion to changes in activity while the per unit cost remains...

  • a. Which of the following statements about managerial accounting is true? 1) Managerial accounting information is...

    a. Which of the following statements about managerial accounting is true? 1) Managerial accounting information is prepared for external users. 2) Managerial accounting information is a legal requirement. 3) The structure of managerial accounting practice is relatively flexible. 4) There are structured standards of acceptability for managerial accounting. b. Which of the following statements is incorrect with regard to a manufacturing firm? 1) Inventoriable costs include only prime costs. 2) Inventoriable costs include prime costs and manufacturing overhead costs. 3)...

  • 7. The following shows a partial printout of a regression analysis: Intercept X Variable 1 Coefficients...

    7. The following shows a partial printout of a regression analysis: Intercept X Variable 1 Coefficients 6903.83329 3.02097535 Which of the following statement about this regression analysis is correct? a. The fixed cost component is $6,903. b. The variable cost per unit is $3.02. c. Projected total cost for 400 units of activity will be $8,111. d. All of the above. 8. Regression analysis: a. is always accurate. b. uses statistical techniques. c. may involve more than one predictor variable....

  • Answer all the REQUIREMENTS step by step Please. I need to understand it. Thanks! McKnight manufactures...

    Answer all the REQUIREMENTS step by step Please. I need to understand it. Thanks! McKnight manufactures coffee mugs that it sells to other companies for customizing with their own logos. McKnight prepares flexible budgets and uses a standard cost system to control manufacturing costs. The standard unit cost of a coffee mug is based on static budget volume of 59,700 coffee mugs per month: 3: (Click the icon to view the cost data.) Actual cost and production information for July...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT