An analysis and estimation method of cost, by classifying cost accounts as fixed or variable with respect for specific output level is considered as _____________?

Related Mcqs:

1. To decide whether the cost is variable cost or fixed cost with respect to some specific activity depends upon ___________?

   A. units of labor
   B. unit of production
   C. time horizon
   D. units of inventory

2. The method of estimation of cost function, by making the opinions and analysis about cost and cost drivers is classified as ______?

   A. conference method
   B. inference method
   C. pricing method
   D. manufacturing method

3. If the total setup cost is $35000 and fixed setup cost is $19000, then the variable fixed cost would be _____________?

   A. $16,000
   B. $54,000
   C. $64,000
   D. $74,000

4. If the total setup cost is $42000 and fixed setup cost is $17000, then the variable fixed cost would be ____________?

   A. $59,000
   B. $25,000
   C. $15,000
   D. $39,000

5. The method of inventory costing, in which all variable and fixed manufacturing cost is considered as inventoriable cost can be termed as __________?

   A. absorption costing
   B. variable costing
   C. fixed costing
   D. manufacturing cost

6. A cost, consists of some fixed and some variable cost with respect to machine setup hours is termed as _________?

   A. setup cost
   B. batch cost
   C. facility cost
   D. lump sum cost

7. If the budgeted quantity of output unit is 450 and budgeted overhead fixed cost is $250, then budgeted fixed overhead output unit will be __________?

   A. $142,500
   B. $112,500
   C. $122,500
   D. $132,500

8. The budgeted quantity of output unit is 250 and budgeted overhead fixed cost is $150, then budgeted fixed overhead output unit will be __________?

   A. $67,500
   B. $57,500
   C. $47,500
   D. $37,500

9. The statistical method used to measure average change in dependent variable, with respect to change of one unit in independent variable is called ___________?

   A. times series method
   B. time horizon method
   C. aggression method
   D. regression method

10. If the cost of indirect support labor is $5000, equipment maintenance setup cost is $7000 and machinery leasing cost is $4000 then variable fixed cost will be ___________?

    A. $16,000
    B. $12,000
    C. $18,000
    D. $21,000