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    Managers who design regular data collection reports help ensure that all data are recorded and remove inflationary effects. Extreme values in observations may result from misplaced decimals, misclassified costs, temporary shutdowns, or all of these. Regular reports and removing outliers in calculations help maintain a stable relationship between cost drivers and costs over time.

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    Managers who design regular data collection reports help ensure that all data are recorded and remove inflationary effects. Extreme values in observations may result from misplaced decimals, misclassified costs, temporary shutdowns, or all of these. Regular reports and removing outliers in calculations help maintain a stable relationship between cost drivers and costs over time.

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    2 views1 page

    Ab 24

    Uploaded by

    Spade X
    Managers who design regular data collection reports help ensure that all data are recorded and remove inflationary effects. Extreme values in observations may result from misplaced decimals, misclassified costs, temporary shutdowns, or all of these. Regular reports and removing outliers in calculations help maintain a stable relationship between cost drivers and costs over time.

    Copyright:

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

    1.

    Managers who design data collection reports that regularly and routinely obtain
    required data are helping to ensure that:
    a. inflationary effects are removed
    b. all data are recorded
    c. extreme values are not used to calculate cost functions
    d. the relationship between the cost driver and the cost remains stable over time

    Answer: b Difficulty: 2 Objective: 8


    Terms to Learn: cost estimation

    2. Extreme values of observations may be the result of:


    a. a misplaced decimal point in the recorded data
    b. classifying a cost incorrectly
    c. a temporary plant shutdown
    d. All of these answers are correct.

    Answer: d Difficulty: 2 Objective: 8


    Terms to Learn: cost estimation

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