ACCT 302 : Cost Accounting Test! True And False Questions Quiz

8 Questions | Total Attempts: 214

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ACCT 302 : Cost Accounting Test! True And False Questions Quiz - Quiz

What we have here is a true and false ACCT 302: Cost Accounting Test! Cost accounting has a lot of variables that are in play all which are involved in the evaluation for the management to make informed decisions on cost and apportionment of each business unit. See how well you understand it by taking this quiz.


Questions and Answers
  • 1. 
    There is a cause-and-effect relationship between the cost driver and the amount of cost. 
    • A. 

      True

    • B. 

      False

  • 2. 
    A cost driver is a variable, such as the level of activity or volume that causally affects costs over a given time span. 
    • A. 

      True

    • B. 

      False

  • 3. 
    The fixed cost per unit reduces with an increase in production volume.
    • A. 

      True

    • B. 

      False

  • 4. 
    Variable costs per unit vary with the level of production or sales volume. 
    • A. 

      True

    • B. 

      False

  • 5. 
    Wood used to manufacture chairs is considered a direct variable cost.
    • A. 

      True

    • B. 

      False

  • 6. 
    Variable costs depend on the resources used.
    • A. 

      True

    • B. 

      False

  • 7. 
    A fixed cost remains unchanged in total for a given time period, despite wide changes in the related level of total activity or volume of output produced.
    • A. 

      True

    • B. 

      False

  • 8. 
    An appropriate cost driver for shipping costs might be the number of units shipped. 
    • A. 

      True

    • B. 

      False

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