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Cost Accounting
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Cost Accounting
The formal method of making choices, considering help of quantitative and qualitative analysis is classified as
quantitative analysis
decision method
qualitative method
linearity method
Author:
rikazzz
Comment
Cost Accounting
A cost centre is
A unit of product or service in relation to which costs are ascertained
An amount of expenidure attributable to an activity
A production or service location, function, activity or item of equipment for which costs are accumulated
A centre for which an individual budget is drawn up
Author:
rikazzz
Comment
Cost Accounting
If the number of processes, in which employees who can make decisions are 20 and the number of processes are 50, then employee empowerment ratio will be
0.9
0.4
0.3
0.8
Author:
rikazzz
Comment
Cost Accounting
If the budgeted total cost in fixed overhead is $385000 and the budgeted total quantity is $6730, then budgeted fixed overhead cost per unit will be
$57.21 per unit
$67.21 per unit
$77.21 per unit
$87.21 per unit
Author:
rikazzz
Comment
Cost Accounting
The method, which considers the cost and cost drivers of departments such as employee relations and process engineering is termed as
pricing method
manufacturing method
conference method
inference method
Author:
rikazzz
Comment
Cost Accounting
An economic value added method is specific type of method to calculate
net income
nominal income
residual income
residual investment
Author:
rikazzz
Comment
Cost Accounting
If the fixed cost is $15000 and the breakeven revenue is $45000 then the contribution margin will be
33.34%
43.34%
23%
25%
Author:
rikazzz
Comment
Cost Accounting
In customer cost hierarchy, the costs of all activities incurred to sell group of units to end consumers are classified as
customer sustaining costs
customer output unit-level costs
customer batch-level costs
corporate sustaining costs
Author:
rikazzz
Comment
Cost Accounting
In the cause and effect relationship between cost level and cost driver, the inflationary price effects are removed by dividing cost through
price index
cost index
profit index
cost driver index
Author:
rikazzz
Comment
Cost Accounting
The manufacturing overhead cost allocated to individual jobs is classified as
manufacturing overhead allocated
cost overhead applied
manufacturing overhead applied
both A and C
Author:
rikazzz
Comment
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