Cost Accounting

Cost Accounting
The production volume variance under absorption costing
must be inventoriable
must exist
must not exist
non-inventoriable
Author: rikazzz Comment
Cost Accounting
If the actual cost is $356000 and the flexible budget cost is $255000, then the flexible budget variance will be
$104,000
$103,000
$101,000
$102,000
Author: rikazzz Comment
Cost Accounting
The document, which contains the information about the used material sequence, detail and quantity of raw material is classified as
bill of materials
bill of sequence
bill of detail
bill of raw materials
Author: rikazzz Comment
Cost Accounting
The difference between the flexible budget amount and the corresponding actual result is called
corresponding variance
resultant variance
flexible budget variance
static budget variance
Author: rikazzz Comment
Cost Accounting
In management control, the point of reference for making the comparisons of performance is
focused performance
merchandise performance
distribution performance
expected performance
Author: rikazzz Comment
Cost Accounting
If the gross margin is $9000 and the cost of goods sold is $8000 then the revenue will be
$1,000
−$1000
$17,000
−$17000
Author: rikazzz Comment
Cost Accounting
A desire of an individual to give good performance for self-satisfaction is known as
intrinsic motivation
extrinsic motivation
monetary motivation
bounded motivation
Author: rikazzz Comment
Cost Accounting
If the budgeted fixed cost is $55000 and budgeted fixed cost is $55 per unit, then budgeted denominator level is
2500 units
2000 units
1000 units
1500 units
Author: rikazzz Comment
Cost Accounting
In estimation of cost function, an example of independent variable is
level of activity
quantity stored
quantity manufactured
quality of product
Author: rikazzz Comment
Cost Accounting
If the budgeted total cost in fixed overhead is $465200 and the budgeted total quantity is $8750, then budgeted fixed overhead cost per unit will be
$83.17
$73.17
$53.17
$63.17
Author: rikazzz Comment

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