Cost Accounting

Cost Accounting
A cost, consists of some fixed and some variable cost with respect to machine setup hours is termed as
setup cost
batch cost
facility cost
lump sum cost
Author: rikazzz Comment
Cost Accounting
If the indirect manufacturing labor is $20000, power cost is $5000, maintenance and supplies are of $10000 then the manufacturing budget will be
$5,000
$35,000
$15,000
$45,000
Author: rikazzz Comment
Cost Accounting
An amount of spoilage that is natural in any particular production process is classified as
normal scrap
normal spoilage
abnormal spoilage
weighted spoilage
Author: rikazzz Comment
Cost Accounting
In regression analysis, if the predicted cost value is 65 and observed cost value is 19 then the disturbance term will be
46
56
36
76
Author: rikazzz Comment
Cost Accounting
An approach in which the managers use the resources to increase customer value is classified as
help management
cost management
past management
future management
Author: rikazzz Comment
Cost Accounting
The depreciation on plant equipment, salaries of plant managers and plant leasing costs are considered a
fixed batch cost
variable batch cost
variable overhead cost
fixed overhead cost
Author: rikazzz Comment
Cost Accounting
The method of costing that supports creation of value for customer by accounting whole value stream, rather than individual departments or products is classified as
economic accounting
back-flush accounting
lean accounting
lead accounting
Author: rikazzz Comment
Cost Accounting
The method, which allocates the cost of support department, to operating and support departments is known as
indirect method
direct method
step down method
reciprocal method
Author: rikazzz Comment
Cost Accounting
The function which is used to measure the decline in per unit cost of different business functions is classified as
mixed curve
experience curve
discrete curve
fixed curve
Author: rikazzz Comment
Cost Accounting
The method which allocates the cost of support department to only operating departments is called
indirect method
direct method
step down method
reciprocal method
Author: rikazzz Comment

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