MBA Cost Accounting Certification Exam Tests

MBA Cost Accounting Practice Test 5

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The Quiz: *A helpful technique, for accurate forecasts about costs to be incurred in future is a part of;* "Estimating Cost Functions" App Download (Free) with answers: Production estimation; Unit estimation; Cost estimation; Price estimation; for online school of business administration. Learn Cost Function and Behavior Questions and Answers, Apple eBook to download free sample for online business accounting degree.

*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

c

*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

a

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

- $130
- $70
- $150
- $80

b

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

- standard deviation
- variances
- mean average
- weighted average

b

*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

a

Analysing Problems and Improve Quality MCQs

Accrual Accounting Rate of Return Method MCQs

Variable and Fixed Overhead Costs MCQs

Common Costs MCQs

Nonlinearity and Cost Functions MCQs

Kaizen Budgeting MCQs

Absorption Costing MCQs

Flexible Budget: Cost Accounting MCQs

Budgets and Budgeting Cycle MCQs

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