Questions from Cost Accounting

Q: If one wishes simply to prepare a cost estimate using regression analysis

If one wishes simply to prepare a cost estimate using regression analysis and enters data into a program to compute regression estimates, what problems might be encountered?

Q: Why is it important to incorporate learning into cost estimates?

Why is it important to incorporate learning into cost estimates?

Q: When using cost estimation methods based on past data, what are

When using cost estimation methods based on past data, what are the trade-offs between gathering more data and gathering less?

Q: The following costs are labeled fixed or variable according to a typical

The following costs are labeled fixed or variable according to a typical designation in accounting. Under which circumstances would any of these costs behave in a manner opposite to that listed? a. Di...

Q: When preparing cost estimates for account analysis purposes, should the costs

When preparing cost estimates for account analysis purposes, should the costs be extracted from the historical accounting records?

Q: Mega Contractors sells to government agencies using a cost-plus contract

Mega Contractors sells to government agencies using a cost-plus contract and to private firms using fixed price contracts. What choices does Mega have in the design of its job costing system that affe...