# Estimating Cost Functions Quiz Questions 5 Tests pdf Download

Practice estimating cost functions quizzes, cost accounting quiz 5 to learn. Free accounting MCQs questions and answers to learn 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 questions 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 to test study skills. For eLearning, study online cost function & behavior multiple choice questions based quiz questions 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 actual input price is $150 and budgeted input price is $80, then price variance will be

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

B

Budgeting and Responsibility Accounting Quiz

MCQ. Difference between budgeted amounts and actual results is classified as

- standard deviation
- variances
- mean average
- weighted average

B

Price and Efficiency Variance Quiz

MCQ. 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