Estimating Cost Functions Quiz Questions and Answers PDF Download eBook
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"The cause and effect relationship that exists between change in total cost level and change in level of activity, is measured with the help of", estimating cost functions Multiple Choice Questions (MCQ) with choices cost driver, production driver, price driver, and estimation driver for master of science in accounting. Learn cost function and behavior questions and answers to improve problem solving skills for online bachelor's degree in business management. Estimating Cost Functions Video
Quiz on Estimating Cost Functions PDF Download eBook
MCQ: The cause and effect relationship that exists between change in total cost level and change in level of activity, is measured with the help of
- production driver
- cost driver
- price driver
- estimation driver
B
MCQ: The supplies, plant maintenance, plant rent, plant insurance and cleaning labor come under the type of costs called
- labor costs
- factory overhead costs
- finished costs
- manufacturing costs
B
MCQ: If the contribution margin per unit is $7500, selling price is $1300 and variable manufacturing cost per unit is $1700, then per unit cost of marketing would be
- $4,500
- $5,500
- $6,500
- $7,500
A
MCQ: The amount of money by which the total revenues exceed the breakeven revenues is classified as
- margin of safety
- margin of profit
- margin of loss
- margin of income
A
MCQ: The fourth step in development of operating budget is to
- choose alternatives
- evaluate alternatives
- efficiency improvements
- predicted improvements
A