Copyright

Cost Driver in Accounting: Definition, Analysis & Example

Instructions:

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

question 1 of 3

Which of the following is NOT a step in analyzing a cost driver?

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 75,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime.
Already registered? Login here for access

1. A cost driver is defined as:

2. Which of the following is NOT an example of a cost driver?

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz & Worksheet

The worksheet and quiz will test what you know about cost drivers. Topics you'll need to know include the first step in analyzing a cost driver and being able to identify the rest of the steps.

Quiz & Worksheet Goals

These study tools will measure what you know of the following:

  • Identify an activity that induces a cost for a business
  • Determine examples of a cost driver
  • Be able to explain what happens during the last step when analyzing a cost driver

Skills Practiced

Use the worksheet and quiz to address the following study guidelines:

  • Reading comprehension - ensure that you draw the most important information from the related lesson on cost drivers
  • Critical thinking - apply relevant concepts to examine information about why a business incurs a cost in a different light
  • Information recall - access the knowledge you've gained regarding how to analyze a cost driver

Additional Learning

Want to know more about cost drivers? Utilize this lesson named Cost Driver in Accounting: Definition, Analysis & Example which covers the following study objectives:

  • Define cost driver
  • Analyze examples
  • Understand why cost drivers are important for running a business
Support