In production, the variables such as level of activity or volume of company activity are known as ________?

Related Mcqs:

1. An estimation of relationship between two or more independent variables and the dependent variables are classified as ____________?

   A. One variable series
   B. multiple regression
   C. simple regression
   D. Two way regression

2. The cost which remains unchanged, in proportion to level the total volume of production is classified as _________?

   A. total cost
   B. infeasible cost
   C. fixed cost
   D. variable cost

3. The cause and effect relationship that exists between change in total cost level and change in level of activity, is measured with the help of ___________?

   A. production driver
   B. cost driver
   C. price driver
   D. estimation driver

4. Considering the relationship of variables, the relationship in which the activity cost is included in the dependent variable, which has similar cost driver is classified as __________?

   A. heterogeneous relationship
   B. extreme relationship
   C. no homogeneous relationship
   D. homogeneous relationship

5. If a company uses large quantity of input than the budgeted quantity for output level, then the company is known to be __________?

   A. variable growth of company
   B. constant growth of company
   C. company is inefficient
   D. company is efficient

6. In production volume variance, an acquiring fixed cost such as equipment and plant lease is known as ____________?

   A. lump sum price amount
   B. lump sum fixed cost
   C. lump sum variable cost
   D. lump sum manufacturing cost

7. In activity based costing system, the description of activity can be classified as __________?

   A. activity list
   B. activity dictionary
   C. active purpose
   D. both A and B

8. In an activity based cost system; an activity/unit of work or task with differentiated purposes will be classified as __________?

   A. different task
   B. purpose cost
   C. an activity
   D. an allocation cost

9. The normal activity range in which there is relationship between activity and costs is classified as _____________?

   A. relevant range
   B. irrelevant range
   C. cause range
   D. effective range

10. The situation in which two or more independent variables are highly correlated is known as ___________?

    A. price linearity
    B. cost linearity
    C. division linearity
    D. multi-collinearity