Understanding Cost Behavior

Understanding Cost Behavior

Assessment

Interactive Video

Business

9th - 10th Grade

Hard

Created by

Nancy Jackson

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the three main types of cost behavior discussed in the video?

Fixed, Variable, and Semi-variable

Direct, Indirect, and Overhead

Fixed, Direct, and Indirect

Material, Labor, and Overhead

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the context of a mobile phone contract, what type of cost is a fixed monthly fee for unlimited usage?

Direct Cost

Semi-variable Cost

Fixed Cost

Variable Cost

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a fixed cost for a business?

Wages

Council tax

Raw materials

Electricity bill

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a business produces 200 units with a variable cost of £20 per unit and fixed costs of £2,000, what is the total production cost?

£6,000

£4,000

£8,000

£10,000

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do you calculate the cost per unit if the total production cost is £6,000 for 200 units?

Subtract 200 from £6,000

Add £6,000 to 200

Divide £6,000 by 200

Multiply £6,000 by 200

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the total production cost for 400 units if the variable cost is £20 per unit and fixed costs are £2,000?

£10,000

£8,000

£12,000

£14,000

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the activity, what type of cost is identified when both fixed and variable elements are present?

Direct Cost

Variable Cost

Fixed Cost

Semi-variable Cost

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