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Cost Accounting
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Cost Accounting
If the sales volume variance is $8500 and the static budget amount is $2000, then the flexible budget amount would be
$6,500
$6,600
$6,700
$6,800
Author:
rikazzz
Comment
Cost Accounting
Calculate Re-order level from the following: Consumption per week: 100-200 units, Delivery period: 14-28 days:
5600 units
800 units
1400 units
200 units
Author:
rikazzz
Comment
Cost Accounting
The production of goods or services that can be bought from outside suppliers is classified as
idle sourcing
sunk sourcing
outsourcing
in-sourcing
Author:
rikazzz
Comment
Cost Accounting
In today’s global world, an outsourcing of products or services from lower cost countries is classified as
differential in-sourcing
off-shoring
incremental outsourcing
differential outsourcing
Author:
rikazzz
Comment
Cost Accounting
In broader categories, the outcomes of decisions are classified as
sunk factors
quantitative factors
qualitative factors
both B and C
Author:
rikazzz
Comment
Cost Accounting
If the total sales are $250000, the beginning inventory is $25000 and the ending inventory is $25000, then total production would be
$250,000
$350,000
$300,000
$400,000
Author:
rikazzz
Comment
Cost Accounting
The static budget amount is subtracted from the flexible budget amount to calculate the
sales budget variance
cost budget variance
resultant budget variance
static budget variance
Author:
rikazzz
Comment
Cost Accounting
If the sales quantity is 7000 units and the breakeven quantity is 1500 units, then the margin of safety would be
4500 units
5500 units
8500 units
9500 units
Author:
rikazzz
Comment
Cost Accounting
An indirect setup labor costs, costs of setup and equipment maintenance and costs of indirect material can be categorized as
variable batch costs
fixed batch costs
variable setup costs
fixed setup costs
Author:
rikazzz
Comment
Cost Accounting
An example of rework is
short lengths from wood work
defective aluminum cans recycled by manufacturer
detection of defective pieces before shipment
none of above
Author:
rikazzz
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