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MBA Cost Accounting Practice Test 5

# Estimating Cost Functions Quiz Questions and Answers PDF - 5

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## Estimating Cost Functions Quiz Answers : Test 5

MCQ 21: A helpful technique, for accurate forecasts about costs to be incurred in future is a part of

A) unit estimation
B) production estimation
C) cost estimation
D) price estimation

MCQ 22: An approach used for choosing capacity level, having no beginning inventory, is classified as

A) write off variance approach
B) write in variance approach

MCQ 23: If the actual input price is \$150 and the budgeted input price is \$80, then the price variance will be

A) \$130
B) \$70
C) \$150
D) \$80

MCQ 24: The difference between the budgeted amounts and the actual results is classified as

A) standard deviation
B) variances
C) mean average
D) weighted average

MCQ 25: The standard input allows one unit, to be divided by standard cost per output unit, for variable direct cost input to calculate

A) standard price per input unit
B) standard price per output unit
C) standard cost per input unit
D) standard cost per output unit

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