What is Cost in Accounting MCQ with Answers PDF Download – Test 216

MCQ 1076: According to accounting system the collection of cost data, in an organized way is classified as:

1. system accumulation
2. accumulated data
3. cost accumulation
4. organized accumulation

MCQ 1077: The costs of undertaken activities is to support individual products and are known as:

1. expected sustaining
2. input sustaining
3. output sustaining
4. product sustaining costs

MCQ 1078: The value, which measures that how large is the value of standard error in relevance to value of estimated coefficient, is termed as:

1. t-value
2. b-value
3. d-value
4. c-value

MCQ 1079: The chances of cost to be considered as variable are more, if the:

1. time horizons are long
2. time horizons are short
3. time horizons are irrelevant
4. time horizons are relevant

MCQ 1080: 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:

1. product life cycle
2. life cycle budgeting
3. life cycle costing
4. target costing