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Learn estimating cost functions test with multiple choice question (MCQs): a helpful technique, for accurate forecasts about costs to be incurred in future is a part of, with choices unit estimation, production estimation, cost estimation, and price estimation for business management degree online. Learn cost function and behavior questions and answers for problem-solving, merit scholarships assessment test for accounting certifications. Estimating Cost Functions Video

Estimating Cost Functions Quiz

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

1. unit estimation
2. production estimation
3. cost estimation
4. price estimation

C

Inventory Costing Methods Quiz

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

1. write off variance approach
2. write in variance approach

A

Price & Efficiency Variance Quiz

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

1. \$130
2. \$70
3. \$150
4. \$80

B

Budgeting & Responsibility Accounting Quiz

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

1. standard deviation
2. variances
3. mean average
4. weighted average

B

Price & 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

1. standard price per input unit
2. standard price per output unit
3. standard cost per input unit
4. standard cost per output unit

A