Which of the Following Is a Primary Element of a Cost

question 66

Multiple Choice

Which of the following is a primary element of a cost management system?
$\text {\underline{ Information} }$           $\text {\underline{ Reporting} }$               $\text {\underline{ Motivation} }$              $\text {\underline{ Evaluation} }$

• A)yes yes yes yes
• B)no yes yes no
• C)yes no no yes
• D)yes yes yes no

Apply the least-squares regression method to estimate cost formulas.

Prepare a budgeted income statement using the contribution format.

Determine the break-even point in total dollars for a company and analyze the effect of changes in the sales mix on this point.

Estimate variable and fixed components of a specific cost based on historical data.

---

Definitions:

Formula

An expression or equation that describes a mathematical relationship between quantities.

Slope Value

It's the calculation of how slanted a line is, determined by dividing the vertical movement by the horizontal movement between any two points on the line.

Points

Specific locations in two-dimensional or three-dimensional space, typically defined by coordinates.