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Estimating Cost Functions Multiple Choice Questions PDF p. 5

Solve Estimating Cost Functions multiple choice questions and answers, estimating cost functions quiz answers PDF 5 to learn Cost Accounting course for college certification. Learn Cost Function and Behavior MCQ questions bank, estimating cost functions Multiple Choice Questions (MCQ) for online college degrees. "Estimating cost functions MCQ" PDF book: price and efficiency variance, inventory costing methods, estimating cost functions test prep for accredited online business management degree.

"A helpful technique, for accurate forecasts about costs to be incurred in future is a part of", estimating cost functions Multiple Choice Questions (MCQ) with choices production estimation, unit estimation, cost estimation, and price estimation for online schools for business administration. Solve cost function and behavior questions and answers to improve problem solving skills for online business and administration degree.

Estimating Cost Functions Questions and Answers

1.

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

unit estimation
production estimation
cost estimation
price estimation

2.

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

write off variance approach
write in variance approach
adjusted variance approach
unadjusted variance approach

3.

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

$130
$70
$150
$80

4.

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

standard deviation
variances
mean average
weighted average

5.

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

standard price per input unit
standard price per output unit
standard cost per input unit
standard cost per output unit