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Cost Accounting
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Cost Accounting
If the budgeted direct labor hours are 4550 and direct labor cost rate is $600 per labor hour then, total direct labor cost would be
$4,730,000
$3,730,000
$2,730,000
$1,730,000
Author:
rikazzz
Comment
Cost Accounting
The total revenues is subtracted from total variable costs to calculate
revenue margin
variable margin
contribution margin
divisor margin
Author:
rikazzz
Comment
Cost Accounting
The terms used in manufacturing cost systems are
manufacturing costs
prime costs
conversion costs
both B and C
Author:
rikazzz
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Cost Accounting
In cost-plus pricing, the ‘plus’ refers to a component named as
off shore cost
markup
sunk cost
outsource cost
Author:
rikazzz
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Cost Accounting
An assignment of task for managers, who are accountable for their actions in controlling and budgeting of resources is classified as
coordinating the company effort
action plan
action accountability
project accountability
Author:
rikazzz
Comment
Cost Accounting
The companies that perform in less competitive markets and their market offerings significantly differ are classified as
independent revenue approach
market based approach
cost based approach
dependent revenue approach
Author:
rikazzz
Comment
Cost Accounting
If the fixed overhead allocated for actual output unit is $9800 and budgeted fixed overhead is $22000, then production volume variance would be
$31,800
$12,300
$12,200
$41,800
Author:
rikazzz
Comment
Cost Accounting
Considering two fiscal years 2013 and 2014, if the selling price in 2013 and 2014 is $55 and $60 per unit respectively and actual units sold in 2013 are 25000 units, then revenue effect of price recovery will be
$14,500
$135,000
$125,000
$12,500
Author:
rikazzz
Comment
Cost Accounting
In multicollinearity, the correlation coefficient between two independent variables must be greater than
0.7
0.6
0.5
0.4
Author:
rikazzz
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Cost Accounting
The second ranked product in incremental revenue allocation method is termed as
primary product
First incremental product
Second incremental product
Third incremental product
Author:
rikazzz
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