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 10 of 14

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Q91.
In Regression Analysis, the testing of assumptions if these are true or not is classified as
Discuss
Answer: (d).specification analysis
Q92.
In estimation of cost functions, the variations in a single activity level represents the
Discuss
Answer: (a).related total costs
Q93.
An estimated coefficient, which indicates the degree by which the estimated values are affected by random factors is known as
Discuss
Answer: (a).standard error of estimated coefficient
Q94.
The Regression Analysis Method of quantitative analysis of cost function considers
Discuss
Answer: (a).all data points
Q95.
If the difference between costs linked to highest and lowest observation of cost driver is $36000 and observation of cost driver is 30 machine hours, then slope coefficient would be
Discuss
Answer: (a).$1,200
Q96.
In quantitative analysis of estimating cost function, the last and foremost step is to
Discuss
Answer: (b).evaluate cost driver
Q97.
The work measurement method of cost estimation is also called
Discuss
Answer: (b).industrial engineering method
Q98.
The function which is used to measure the decline in per unit cost of different business functions is classified as
Discuss
Answer: (b).experience curve
Q99.
The worse fit between estimated cost and actual observations is shown on regression line with
Discuss
Answer: (a).larger residual terms
Q100.
The slope coefficient of linear cost function is
Discuss
Answer: (a).zero