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Cost Accounting
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Cost Accounting
Which of the following document evidences the transaction of purchase of material:
Material requisition
Store requisition
Purchase order
Purchase invoice
Author:
rikazzz
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Cost Accounting
The costing method, in which the variable manufacturing costs are treated as inventoriable cost is called
manufacturing costing
absorption costing
variable costing
labor costing
Author:
rikazzz
Comment
Cost Accounting
The executive salaries, rent and other general administration cost in corporate costs are classified under
human resource management costs
corporate administration costs
treasury costs
discretionary costs
Author:
rikazzz
Comment
Cost Accounting
The difference between budgeted contribution margin for actual sales mix and budgeted sales mix is called
sales quantity variance
cost mix variance
volume mix variance
sales mix variance
Author:
rikazzz
Comment
Cost Accounting
Marketing, production and management of distribution comes under the category of
staff management
line management
marketing management
production management
Author:
rikazzz
Comment
Cost Accounting
The process which leads to disassembling and analysis of competitors, operating activities to become acquainted with competitors’ technologies is called
outsource engineering
reverse engineering
target engineering
off shore engineering
Author:
rikazzz
Comment
Cost Accounting
The second step in developing operating budget is to
plan coordination
plan accounts
obtain information
coverage information
Author:
rikazzz
Comment
Cost Accounting
The actual output of 162,500 units and actual fixed costs of Rs. 87000 were exactly as budgeted. However, the actual expenditure of Rs 300,000 was Rs. 18,000 over budget. What was the budget variable cost per unit:
Rs 1.20
Rs 1.31
Rs 1.42
Rs 1.50
Author:
rikazzz
Comment
Cost Accounting
The method, which uses specific information on products as weights to allocate bundled revenues for each product in bundle is classified as
step down allocation method
stand-alone revenue allocation method
incremental revenue allocation method
revenue mix allocation method
Author:
rikazzz
Comment
Cost Accounting
The correct formula for the labor efficiency variance is:
Standard wage rate less actual wage rate multiplied by standard hours
Standard hours less actual hours multiplied by standard wage
Standard wage rate less actual wage rate multiplied by actual hours
None of these
Author:
rikazzz
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