BBA Cost Accounting MCQs – Practice Test 1 (Chapter 11)

Cost Function and Behavior MCQs with Answers PDF Download – Test 1

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Cost Function & Behavior MCQs – Practice Test 1 PDF Download

MCQ 1: The relationship between cost and cost drivers is:

stationary
not stationary
intrinsic
extrinsic

MCQ 2: The cost function, in which cost does not change with any change in level of activity is a part of:

step price functions
step object functions
step constant functions
step cost functions

MCQ 3: The cost pattern, in which production inputs are to be used in discrete functions, but the quantities are fractional, will be categorized as:

continuously variable cost function
fixed cost function
mixed cost function
semi variable cost function

MCQ 4: The range in which relationship exists between level of activity or total cost is called:

functional range
relevant range
unit range
related range

MCQ 5: The relationship based on unrelated level of activity and past data of cost is measured with the help of:

cost estimation
price estimation
unit estimation
production estimation

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