Cost Accounting

Cost Accounting
Under absorption costing, the fixed cost of manufacturing is deferred to some
present period
future period
yearly period
monthly period
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Cost Accounting
The selection of target price, understanding customer requirements, improving product designs and use of cross functional teams are considered as aspects of
target pricing
target costing
value engineering
all of above
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Cost Accounting
In a given scenario, if the cost is considered as indirect cost then independent variable will be considered as
demand allocation base
supply allocation base
cost allocation base
price allocation base
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Cost Accounting
An investment of money in idle inventory, in place of investing the same amount of money somewhere else is an example of
offshore cost
outsource cost
in-source cost
opportunity cost
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Cost Accounting
If the budgeted contribution margin for budgeted and actual sales mix are $35000 and $27000, then the sales mix variance will be
$8,000
$80,000
$62,000
$35,000
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Cost Accounting
The continuous pressure of reducing the cost of products to be sold, is classified as
supply efficiency
material affectivity
processing effective
cost and efficiency
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Cost Accounting
The cost influences by the responsibility center manager who is considered as
manager cost
influential cost
center cost
controllable cost
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Cost Accounting
An expected future revenue, which diverges in unconventional course of action is classified as
partial revenue
total revenue
relevant revenues
irrelevant revenues
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Cost Accounting
The throughput contribution is added into direct material cost of goods sold to calculate
indirect material
revenues
expenses
direct material
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Cost Accounting
The sum of beginning work in process inventory units and started units, is subtracted from the sum of ending work in process inventory units and transferred out units of goods, to calculate
Gross weighted spoilage
inventoriable spoilage
partial spoilage
total spoilage
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