Practice Controllable And Uncontrollable Costs (20.3.4) - Cost Accounting Basics – Types of Costs

Practice: Controllable and Uncontrollable Costs

Lesson 20.3.4Cost Accounting Basics – Types of Costs

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8 questions

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2 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
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Quiz
2 questions · about 1 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
What are controllable costs?
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Consider what expenses can be adjusted in a business.
Question 2.
Name one example of an uncontrollable cost.
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Think of costs that come from regulations or laws.
3Question 3.
What are controllable costs?
- Costs that can change based on management decisions
- Costs that cannot be changed at all
- Both A and B
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Remember who has the power to affect these costs.
4Question 4.
True or False: Uncontrollable costs can be adjusted at management's discretion.
- True
- False
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Think about what 'uncontrollable' means.
Question 5.
You are a project manager facing higher than expected lease costs. How do you approach managing the budget considering increased uncontrollable costs?
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Identify flexible elements in your budget.
Question 6.
A company has a fixed marketing budget but is faced with a new regulatory fee that is uncontrollable. Suggest a strategy to mitigate its impact.
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Think about how to maintain marketing effectiveness with limited resources.

4 more questions in this section. Enroll free to practise them all.