Cost Accounting

Cost Accounting
The products, divisions and customers are the examples of
revenue increment
reciprocal revenue
revenue allocation
revenue object
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Cost Accounting
All Indirect cost is charged/record in the head of
Prime cost
FOH cost
Direct labor cost
None of these
Author: rikazzz Comment
Cost Accounting
The financial statements and the budget plans of some companies are also called
cost statement
preformed statement
sales statement
market statement
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Cost Accounting
If the relevant opportunity cost of capital is $2950 and the relevant carrying cost of inventory is $6700, then the relevant incremental cost will be
$9,650
$2,350
$3,750
$2,750
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Cost Accounting
As compared to sale value of main products, the by-products have
low sale value
high sale value
unstable sale value
relevant sale value
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Cost Accounting
The variance is the stated difference between expected performance and the
revenue planning
actual results
marketing results
cost planning
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Cost Accounting
The balancing of all aspects of products or services and all the departments in the company are classified as
annual profit plan
budgeting
coordination
complex plan
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Cost Accounting
In the ‘specification analysis’, the assumptions related to residuals states must be
worst
independent
dependent
good
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Cost Accounting
The contribution margin per unit is divided by selling price to calculate
fixed margin percentage
contribution margin percentage
variable margin percentage
breakeven margin percentage
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Cost Accounting
An amount by which the total cost changes with respect to the change in level of activity is classified as
activity coefficient
cost coefficient
change coefficient
slope coefficient
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