Estimating Costs MCQs Quiz Online PDF Download

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MCQs on Estimating CostsQuiz PDF Download

MCQ: Considering accumulated production experience, decreasing in average cost is classified as

  1. experience curve
  2. learning curve
  3. observational curve
  4. both A and B


MCQ: Floor of product's price is set with help of

  1. supply
  2. cost
  3. discount and allowance
  4. demand


MCQ: Overhead costs are also known as

  1. employees' salaries
  2. labor wages
  3. fixed costs
  4. variable costs


MCQ: If fixed cost is $18000 and variable cost is $16000 then total cost is

  1. $18,000
  2. $16,000
  3. $340,000
  4. $34,000


MCQ: Cost of products that fluctuate with level of production are classified as

  1. total costs
  2. augmented costs
  3. variable costs
  4. fixed costs