Cost Behavior: Definition & Pattern Analysis

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What are the costs that change with output called?

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1. The Widget Factory pays $1,000 per month for rent, $10 per item made, and $3 per item stored. What is the fixed cost for the Widget Factory?

2. Costs that include both variable and fixed costs are what?

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About This Quiz & Worksheet

The quiz and worksheet will measure your understanding of cost behavior pattern analysis. Topics you should focus on studying include the number of costs that are analyzed with cost behavior and a situation that describes a change in total costs.

Quiz & Worksheet Goals

These assessments will test your knowledge of:

  • Specific costs that do not change with a business
  • Costs that contain both of the main types of costs
  • Situations that describe a change in total costs
  • Costs that change with output
  • The number of costs that are analyzed

Skills Practiced

The related quiz and worksheet will give you the chance to practice these skills:

  • Interpreting information - verify that you can read information regarding cost behavior and interpret it correctly
  • Knowledge application- use your knowledge to answer a question about costs that change with output
  • Information recall- access the knowledge you've gained regarding a type of cost that does not change over time

Additional Learning

To reinforce your knowledge of business spending, check the related lesson called Cost Behavior: Definition & Pattern Analysis. These objectives will be covered in the lesson:

  • Identify what cost behavior is and the importance of it
  • Recall the different types of costs that occur with businesses and the characteristics of each type
  • Review how cost behavior is analyzed to benefit businesses
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