Cost Function and Behavior MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Cost Function and Behavior, a fundamental topic in the field of Cost Accounting. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Cost Function and Behavior MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Cost Function and Behavior mcq questions that explore various aspects of Cost Function and Behavior problems. Each MCQ is crafted to challenge your understanding of Cost Function and Behavior principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace Cost Accounting tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Cost Function and Behavior MCQs are your pathway to success in mastering this essential Cost Accounting topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of Cost Function and Behavior. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

So, are you ready to put your Cost Function and Behavior knowledge to the test? Let's get started with our carefully curated MCQs!

Cost Function and Behavior MCQs | Page 1 of 14

Q1.
The relationship between cost and cost drivers is
Discuss
Answer: (b).not stationary
Q2.
The cost function, in which cost does not change with any change in level of activity is a part of
Discuss
Answer: (d).step cost functions
Q3.
The cost pattern, in which production inputs are to be used in discrete functions, but the quantities are fractional, will be categorized as
Discuss
Answer: (a).continuously variable cost function
Q4.
The range in which relationship exists between level of activity or total cost is called
Discuss
Answer: (b).relevant range
Q5.
The relationship based on unrelated level of activity and past data of cost is measured with the help of
Discuss
Answer: (a).cost estimation
Q6.
The model which states decline in extra time needed to produce last unit, every time for the cumulative quantity of doubled units produced is classified as
Discuss
Answer: (c).incremental unit time learning model
Q7.
A helpful technique, for accurate forecasts about costs to be incurred in future is a part of
Discuss
Answer: (c).cost estimation
Q8.
In the 'specification analysis', the assumptions related to residuals states must be
Discuss
Answer: (b).independent
Q9.
The deviations between estimated regression line and the vertical deviations are classified as
Discuss
Answer: (d).residual terms
Q10.
In regression analysis, if the observed cost value is 50 and predicted cost value is 7, then the disturbance term will be
Discuss
Answer: (b).43
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