A. cost estimation
B. price estimation
C. unit estimation
D. production estimation
Related Mcqs:
- 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 - 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 - 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 - 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 - An analysis of data over successive past periods, which pertain to some plant, activity and organization is called ___________?
A. economic series
B. financial series
C. time series
D. analytical series - In the cause and effect relationship between cost level and cost driver, the inflationary price effects are removed by dividing cost through _______________?
A. price index
B. cost index
C. profit index
D. cost driver index - The range in which relationship exists between level of activity or total cost is called ___________?
A. functional range
B. relevant range
C. unit range
D. related range - 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 - The hierarchy which is based on different types of cost allocation and drivers, to categorize cost pool activity is classified as __________?
A. cost hierarchy
B. price hierarchy
C. activity hierarchy
D. purpose hierarchy - 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
