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Cost Accounting
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Cost Accounting
If the budget sales units are 8000, the ending inventory is 2000 units and the beginning inventory is 3000, then the budget production would be
11000 units
13000 units
10000 units
7000 units
Author:
rikazzz
Comment
Cost Accounting
The larger number of manager subordinates and the higher level manager are termed as
activity subordinates
broader responsibility center
broader subordinates
activity ordinates
Author:
rikazzz
Comment
Cost Accounting
If an actual indirect cost incur is $35000 and the indirect cost allocated is $43000, then the under allocated indirect cost will be
$78,000
−$78000
−$8000
$8,000
Author:
rikazzz
Comment
Cost Accounting
Depreciation of machinery would be classed as:
Administration expenses
Direct materials
Direct expenses
Factory indirect expenses
Author:
rikazzz
Comment
Cost Accounting
Cost of goods sold Rs. 30,000 opening Inventory Rs. 9,000, Closing inventory Rs. 7,800. What was the inventory turnover ratio?
3.57 times
3.67 times
3.85 times
3.36 times
Author:
rikazzz
Comment
Cost Accounting
Labour turnover means:
Turnover generated by labour
Rate of change in composition of Labour force during a specified period
Either of the above
Both of the above
Author:
rikazzz
Comment
Cost Accounting
A minor product produced at the same time as the main product may be known as a:
Supplementary product
By product
Joint product
Scrap
Author:
rikazzz
Comment
Cost Accounting
The difference between the flexible budget amount and the corresponding static budget amount is classified as
sales revenue variance
cost profit variance
profit volume variance
sales volume variance
Author:
rikazzz
Comment
Cost Accounting
A favorable labor efficiency variance is likely to have been caused by:
Trade union conflicts
Lower skilled labor being used
Higher wages producing motivational benefits
Inferior materials being used
Author:
rikazzz
Comment
Cost Accounting
The relationship between cost and cost driver is economically plausible if the goodness of fit
has meaning
has no meaning
has index values
has no index values
Author:
rikazzz
Comment
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