1. What is a Sunk costs and how relevant is this cost in a decision-making.?

2. What is Opportunity costs and how relevant is this in making a decision.?

3. Excess or unused capacity are key element in a decision to accept or reject a special offer price on a product or activity what is your understanding of this concept.?

4. What is the different between avoidable and unavoidable cost?

5. Quantitative factors vs Qualitative factors, how useful are these two factors in decision making and what is the differences?

6. In a case of make-or-buy decision when there is an alternative uses for capacity, what is the significant of the opportunity cost in the decision of either to make or buy?

7. What is Cost Function? And how it can be used to calculate total cost

8. What is the most important assumption frequently made in cost behavior estimation?

9. What is Mixed Costs and how can this cost be separated?

10. When replacing an old machine with a new machine, how relevant is the trade in value of the old machine?

11. For a cost or revenue to be relevant in decision making, what are the condition that must be met

12. What is the relationship of both variable and Fixed Costs to output or activity level?

13. What is a learning curve, and what does it measures?

14. What is experience curve and how does it relates to cost per unit?

15. What are the fundamental different between absorption and marginal costing? Who are the users of both?

16. If an unprofitable segment is eliminated, what will happen to the allocated fixed cost?

17. Under high-low method, the denominator of the equation that determines the slope is?