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Cost Accounting
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Cost Accounting
If the selling price is $20 and the number of units sold are 800, then the revenue is equal to
$16,000
$40,000
$25,000
$35,700
Author:
rikazzz
Comment
Cost Accounting
An accounting approach, in which the expected benefits exceed the expected cost is classified as
benefit approach
cost approach
cost-benefit approach
accounting approach
Author:
rikazzz
Comment
Cost Accounting
The cost of manufactured goods is added into beginning inventory, and the amount equal to cost of sold goods are added into
minus beginning inventory
minus ending inventory
plus ending inventory
plus beginning inventory
Author:
rikazzz
Comment
Cost Accounting
The change in variable costing in operating income, is calculated by multiplying contribution margin per unit to
increase in units sold
change in quantity of sold units
increase in units manufactured
decease in units manufactured
Author:
rikazzz
Comment
Cost Accounting
If the difference in costs is $16000 and the slope coefficient is 0.40, then difference in machine hours would be
$50,000
$5,400
$6,400
$40,000
Author:
rikazzz
Comment
Cost Accounting
In throughput costing, the variable manufacturing overhead and direct manufacturing labor cost must be treated as
accrual cost
incurred cost
period costs
setup costs
Author:
rikazzz
Comment
Cost Accounting
The costing technique, in which the actual direct rates are multiplied to quantity of direct cost inputs is classified as
priced costing
actual costing
direct costing
indirect costing
Author:
rikazzz
Comment
Cost Accounting
The managers using capacity planning do not make
pricing decisions
marketing decisions
financial decisions
cost budgeting decisions
Author:
rikazzz
Comment
Cost Accounting
If the revenue is $15000, the total variable cost is $5000 and the fixed cost $2000 then the operating income will be
$4,000
$8,000
$5,000
$3,000
Author:
rikazzz
Comment
Cost Accounting
An actual rate paid to labor is greater than the budgeted rate, it means that the
cost is unfavorable
variance is unfavorable
variance is favorable
cost is favorable
Author:
rikazzz
Comment
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