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Cost Accounting
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Cost Accounting
If the static budget amount is $9000, the flexible budget amount is $20000, then the sales volume variance will be
$29,000
$11,000
$15,000
$10,000
Author:
rikazzz
Comment
Cost Accounting
The formula of 1 – unexplained variation ⁄ total variation is used to calculate
coefficient of determination
coefficient of index
coefficient of residual
coefficient of prediction
Author:
rikazzz
Comment
Cost Accounting
The percentage of overall gross margin is multiplied to final sales value of products total production is used to calculate
Gross margin in terms of amount of money
Gross margin in terms of separable costs
Gross margin in terms of total cost
Gross margin in terms of labor cost
Author:
rikazzz
Comment
Cost Accounting
If the cost per unit is $70 and the total number of units manufactured in company are 6000, then the total manufacturing cost would be
$240,000.00
$320,000
$210,000
$420,000
Author:
rikazzz
Comment
Cost Accounting
If the selling price is $2500, variable manufacturing cost per unit is $1000 and variable marketing cost per unit is $500, then contribution margin per unit will be
$4,000
$2,500
$1,000
$15,000
Author:
rikazzz
Comment
Cost Accounting
If the fixed overhead allocated for actual output unit is $7500 and budgeted fixed overhead is $21000, then the production volume variance will be
$16,500
$15,500
$14,500
$13,500
Author:
rikazzz
Comment
Cost Accounting
The difference between static budget amount and the flexible budget amount is named as
sales mix variance
sales volume variance
flexible budget variance
static budget variance
Author:
rikazzz
Comment
Cost Accounting
The cash sales, accounts receivables and rental receipts all are known as
cash receipts
budget receipts
goods manufactured
total goods sold
Author:
rikazzz
Comment
Cost Accounting
The better administration of budget in budgeting plans require
intelligent interpretations
participation
persuasion
all of above
Author:
rikazzz
Comment
Cost Accounting
The decisions made by company, which products to manufacture and sell and in what quantities, of many product lines are called
incremental decisions
outsource decisions
product mix decisions
in-source decisions
Author:
rikazzz
Comment
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