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

Cost Function and Behavior Quiz with Answers PDF Download – Test 11

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Learn "Cost Function and Behavior Quiz" App (Android & iOS) with MCQ: An assumption, which states that there must be linear relationship between independent variable and dependent variable is; with answers: relevant range of linearity, irrelevant range of linearity, significant range, and insignificant range. Learn Process Costing System Quiz Questions, download Google Book (Free Chapter) to develop digital skills.

Cost Function & Behavior Quiz – Practice Test 11 PDF Download

MCQ 51: An assumption, which states that there must be linear relationship between independent variable and dependent variable is:

irrelevant range of linearity
relevant range of linearity
significant range
insignificant range

MCQ 52: The vertical difference, which measures distance between estimated and actual cost for every single observation is classified as:

residual term
positive term
negative term
squared term

MCQ 53: In cost accounting, the conference, quantitative analysis and account analysis methods are considered as:

cost estimation methods
price estimation methods
unit estimation method
variable estimation method

MCQ 54: The component of total cost, which never changes with change in level of production is classified as:

fixed cost
constant
variable
both a and b

MCQ 55: The strength of relationship between cost driver and cost is considered as:

badness of residual
goodness of residual
badness of fit
goodness of fit

BBA Cost Accounting Quiz App & e-Book – Cost Function & Behavior Certification Guide

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