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## Cost Estimation Functions MCQs: Questions and Answers

MCQ 1:

The relationship based on unrelated level of activity and past data of cost is measured with the help of

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

The slope coefficient of cost function is zero because it intersects the

1. x-axis at one
2. y-axis at constant
3. x-axis at constant
4. y-axis at one
MCQ 3:

In plotting the cost functions, the number of machine hours and batches are represented on

1. unit axis
2. term axis
3. x-axis
4. y-axis
MCQ 4:

In estimation of cost functions, the variations in a single activity level represents the

1. related total costs
2. related fixed cost
3. related variable cost
4. related per unit cost
MCQ 5:

The cost that has elements of variable and fixed costs at the same time is

1. variable cost
2. mixed cost
3. semi variable cost
4. Both B and C