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 14 of 14

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Q131.
The first step in estimation of cost function by using quantitative analysis is to
Discuss
Answer: (b).choose dependent variable
Q132.
If an unexplained variation is 350050 and the total variation is 700505, then coefficient of determination would be
Discuss
Answer: (b).0.5003
Q133.
Considering the relationship of variables, the relationship in which the activity cost is included in the dependent variable, which has similar cost driver is classified as
Discuss
Answer: (d).homogeneous relationship
Q134.
The method which considers the lowest and highest values of cost driver and cost within relevant range is called
Discuss
Answer: (d).high low method
Q135.
The vertical dashed line in graphical representation of cost function represents the
Discuss
Answer: (c).relevant range
Q136.
In dependent variable cost pool, the relationship between individual cost items and cost drivers can be classified as
Discuss
Answer: (a).non homogeneous relationship
Q137.
The value, which measures that how large is the value of standard error in relevance to value of estimated coefficient, is termed as
Discuss
Answer: (a).t-value
Q138.
The chances of cost to be considered as variable are more, if the
Discuss
Answer: (a).time horizons are long