# Estimating Cost Functions Quiz Questions and Answers 5 PDF Download

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

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 & 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 & Responsibility Accounting Quiz

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

- standard deviation
- variances
- mean average
- 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

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

A