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 7 of 14

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Q61.
A problem which arises because of the presence of systematic pattern in residual value sequence is considered as
Discuss
Answer: (d).both b and c
Q62.
If the difference between costs linked to highest and lowest observation of cost driver, is $8000 and observation of cost driver is 40 machine hours, then slope coefficient will be
Discuss
Answer: (b).$200
Q63.
The standard error of regression analysis is known as
Discuss
Answer: (b).variance of residual
Q64.
An analysis and estimation method of cost, by classifying cost accounts as fixed or variable with respect for specific output level is considered as
Discuss
Answer: (d).account analysis method
Q65.
An estimation of relationship between two or more independent variables and the dependent variables are classified as
Discuss
Answer: (b).multiple regression
Q66.
The second step for estimation of cost function by using quantitative analysis is to
Discuss
Answer: (a).choose independent variable
Q67.
An estimation of relationship between one independent variable and the dependent variable is known as
Discuss
Answer: (a).simple regression
Discuss
Answer: (a).coefficient of determination
Q69.
The factor used to predict the dependent variable is named as
Discuss
Answer: (a).independent variable
Q70.
In regression analysis, if the observed cost value is 62 and predicted cost value is 29, then the disturbance term would be
Discuss
Answer: (a).33