A. cost function
B. revenue function
C. unit function
D. relative function
Related Mcqs:
- An amount by which the total cost changes with respect to the change in level of activity is classified as ____________?
A. activity coefficient
B. cost coefficient
C. change coefficient
D. slope coefficient - 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 - The type of relationship stating “how changes in cost driver drives cause changes in cost” will be termed as ___________?
A. marginal plausibility
B. economic plausibility
C. financial plausibility
D. market plausibility - The cost analysis method, which uses mathematical method to use fit between past data observations and cost functions is termed as ___________?
A. quantitative analysis method
B. qualitative analysis method
C. account analysis method
D. conference analysis method - 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 - The cost function, in which cost does not change with any change in level of activity is a part of __________?
A. step price functions
B. step object functions
C. step constant functions
D. step cost functions - 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 - In production, the variables such as level of activity or volume of company activity are known as ________?
A. cost drivers
B. timed drivers
C. variable drivers
D. fixed drivers - The component of total cost, which never changes with change in level of production is classified as _________?
A. fixed cost
B. constant
C. variable
D. both a and b - 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
