# Estimating Cost Functions Quiz Questions and Answers 5 PDF Download

Practice estimating cost functions quiz, cost accounting quiz 5 for online learning. Free accounting MCQs questions and answers to practice estimating cost functions MCQs with answers. Practice MCQs to test knowledge on estimating cost functions, inventory costing methods, price and efficiency variance, budgeting and responsibility accounting worksheets.

Free estimating cost functions worksheet has multiple choice quiz question as a helpful technique, for accurate forecasts about costs to be incurred in future is a part of , answer key with choices as unit estimation, production estimation, cost estimation and price estimation problem solving to test study skills. For online learning, viva help and jobs' interview preparation tips, study cost function & behavior multiple choice questions based quiz question and answers. Estimating Cost Functions Video

## Quiz on Estimating Cost Functions Quiz PDF Download Worksheet 5

Estimating Cost Functions Quiz

MCQ. A helpful technique, for accurate forecasts about costs to be incurred in future is a part of

- unit estimation
- production estimation
- cost estimation
- price estimation

C

Inventory Costing Methods Quiz

MCQ. An approach used for choosing capacity level, having no beginning inventory is classified as

- write off variance approach
- write in variance approach
- adjusted variance approach
- unadjusted variance approach

A

Price and Efficiency Variance Quiz

MCQ. If the actual input price is $150 and the budgeted input price is $80, then the price variance will be

- $130
- $70
- $150
- $80

B

Budgeting and Responsibility Accounting Quiz

MCQ. The difference between the budgeted amounts and the actual results is classified as

- standard deviation
- variances
- mean average
- weighted average

B

Price and Efficiency Variance Quiz

MCQ. The standard input allows one unit, to be divided by standard cost per output unit for variable direct cost input, to calculate

- standard price per input unit
- standard price per output unit
- standard cost per input unit
- standard cost per output unit

A