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    The document contains 8 multiple choice questions about cost accounting concepts like cost drivers, activity-based costing, cost functions, and learning curves. The questions assess understanding of key terms like regression analysis, economic plausibility of cost drivers, nonlinear and step cost functions, and using learning curves to model efficiency. Correct answers are provided along with difficulty and objective levels for each question.

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    The document contains 8 multiple choice questions about cost accounting concepts like cost drivers, activity-based costing, cost functions, and learning curves. The questions assess understanding of key terms like regression analysis, economic plausibility of cost drivers, nonlinear and step cost functions, and using learning curves to model efficiency. Correct answers are provided along with difficulty and objective levels for each question.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    8 views1 page

    Ab 6

    Uploaded by

    Spade X
    The document contains 8 multiple choice questions about cost accounting concepts like cost drivers, activity-based costing, cost functions, and learning curves. The questions assess understanding of key terms like regression analysis, economic plausibility of cost drivers, nonlinear and step cost functions, and using learning curves to model efficiency. Correct answers are provided along with difficulty and objective levels for each question.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    1. A flat or slightly sloped regression line indicates a strong relationship.

    Answer: False Difficulty: 3 Objective: 5


    Terms to Learn: regression analysis
    A flat or slightly sloped regression line indicates a weak relationship.

    2. When using an activity-based costing system, a batch-level cost must have a batch-
    level cost driver.

    Answer: True Difficulty: 2 Objective: 5


    Terms to Learn: cost function

    3. Economic plausibility is an important criterion for choosing a cost driver.

    Answer: True Difficulty: 1 Objective: 5


    Terms to Learn: cost function

    4. A step cost function is an example of a nonlinear cost function.

    Answer: True Difficulty: 1 Objective: 6


    Terms to Learn: nonlinear cost function

    5. Step fixed-cost functions are variable over the long run.

    Answer: True Difficulty: 2 Objective: 6


    Terms to Learn: nonlinear cost function, step cost function

    6. An example of a step variable-cost function is the cost of material-handling labor


    when inputs are acquired in discrete quantities.

    Answer: True Difficulty: 2 Objective: 6


    Terms to Learn: nonlinear cost function, step cost function

    7. A learning curve measures the effect of learning on efficiency.

    Answer: True Difficulty: 1 Objective: 6


    Terms to Learn: learning curve

    8. Plotting learning curve observations is helpful in selecting the appropriate learning


    curve model.

    Answer: True Difficulty: 1 Objective: 7


    Terms to Learn: learning curve

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