BBA: Online Finance Courses

MBA Cost Accounting Certification Course

MBA Cost Accounting Practice Test 216

# What is Cost in Accounting Test Questions PDF - 216

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## Accounting: What is Cost in Accounting MCQs Quiz

MCQ: According to accounting system the collection of cost data, in an organized way is classified as

A) system accumulation
B) accumulated data
C) cost accumulation
D) organized accumulation

MCQ: The costs of undertaken activities is to support individual products and are known as

A) expected sustaining
B) input sustaining
C) output sustaining
D) product sustaining costs

MCQ: The value, which measures that how large is the value of standard error in relevance to value of estimated coefficient, is termed as

A) t-value
B) b-value
C) d-value
D) c-value

MCQ: The chances of cost to be considered as variable are more, if the

A) time horizons are long
B) time horizons are short
C) time horizons are irrelevant
D) time horizons are relevant

MCQ: The span time from initial research and development of product till support and customer service, if not offered for that particular product will be called

A) product life cycle
B) life cycle budgeting
C) life cycle costing
D) target costing