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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is an incremental cost?
💡 Hint: Think about costs associated with increasing production.
Question 2
Easy
Give an example of differential costs.
💡 Hint: Look at two different options and how they compare in cost.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What are incremental costs?
💡 Hint: Consider costs that only arise when you make a change.
Question 2
Is the differential cost relevant in decision making?
- True
- False
💡 Hint: Think about decisions you make based on cost comparisons.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Calculate the incremental costs if a company needs to hire 5 extra employees at ₹30,000 each for a seasonal project, including ₹50,000 in additional materials.
💡 Hint: Add wages and other direct expenses together.
Question 2
A company is evaluating two software solutions costing ₹1,00,000 and ₹75,000. Calculate the differential cost and discuss how this affects decision-making.
💡 Hint: Compare the features against the cost difference.
Challenge and get performance evaluation