Cost Accounting

Cost Accounting
A costing system, which focuses on individual activities as the particular cost object is classified as
activity based costing
improved costing
learned improvements
positive effectiveness
Author: rikazzz Comment
Cost Accounting
The types of spoilage include
normal spoilage
abnormal spoilage
weighted spoilage
both a and b
Author: rikazzz Comment
Cost Accounting
If the flexible budget amount is $82000 and the actual result is $45000 then the flexible budget amount will be
$97,000
$87,000
$27,000
$37,000
Author: rikazzz Comment
Cost Accounting
The practice of seller to charge higher price for same market offering is classified as
peak-load pricing
elastic pricing
elastic demand
inelastic demand
Author: rikazzz Comment
Cost Accounting
The fixed rate of calculation is based on the
capacity used
capacity available
capacity utilization
downward demand
Author: rikazzz Comment
Cost Accounting
If the total setup cost is $42000 and fixed setup cost is $17000, then the variable fixed cost would be
$59,000
$25,000
$15,000
$39,000
Author: rikazzz Comment
Cost Accounting
The costing method, which calculates per equivalent unit cost of all the production related work done, till calculated date is termed as
weighted average method
net present value method
Gross production method
net present value method
Author: rikazzz Comment
Cost Accounting
The factor which provides hedge to managers in adverse and unexpected circumstances is known as
budgetary slack
costly slack
influential slack
target slack
Author: rikazzz Comment
Cost Accounting
The third step in decision making process is
linear predictions
dependent predictions
making predictions
independent predictions
Author: rikazzz Comment
Cost Accounting
The budget which is planned around a single output level is called
marketing budget
methodological budget
static budget
varied budget
Author: rikazzz Comment

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