Costing MCQs
Practice free Costing multiple-choice questions with instant answer feedback and step-by-step solutions. Click an option to check yourself, reveal the full explanation, and work through all 1419 questions — no login required.
Question 415hard
An error term, disturbance term or residual term is calculated as
Question 416hard
Cost function, in which graph of total cost would not result in straight line is classified as
Question 417hard
An assumption, which states that there must be linear relationship between independent variable and dependent variable is
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Question 418medium
Vertical difference, which measures distance between estimated and actual cost for every single observation is classified as
Question 419hard
In cost accounting, conference, quantitative analysis and account analysis methods are considered as
Question 420hard
Component of total cost, which never changes with change in level of production is classified as
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Question 421hard
Strength of relationship between cost driver and cost is considered as
Question 422hard
In regression equation Y = $6000 + (per unit cost x number of units), '$6000' is a
Question 423hard
In linear cost function, fixed cost is considered as