Q1. What is the most common error on the hi-lo method of estimation?
Q1. What is the most common error on the hi-lo method of estimation?
Q2. When would a regression analysis yield a better answer than hi-low method?
Q3. In 2022, the data set will include the years before and the years during the global pandemic. What will be harm for estimation for predictive behavior of using the information in this data set?
Discussion 2:Balanced scorecard and strategy questions
Q1. What is the point of creating a balanced scorecard method within a company?
Q2. When is it best to use a cost strategy? Give an Example.
Q3. When is it best to use a product differentiation strategy? Give an example.
Discussion 3: Allocation Questions
Q1. Companies often sort their clients into A, B, C and D categories. What is this a demonstration of?
Q2. There are four ways to divide a cost amount products or divisions. ABC elevates one of these methods. What are the methods and why could ABC be correct for an organization?
Q3. Revenue variances can be separated into volume measures and mix. Why is a differential on a mix variance often more critical than a volume measure? (Hint: chapter problem)
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