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Cost Accounting
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Cost Accounting
If fixed overhead allocated for actual output units is $25000 and the production volume variance is $9000, then budgeted fixed overhead will be
$34,000
$24,000
$16,000
$18,000
Author:
rikazzz
Comment
Cost Accounting
The dimensional analysis of cost includes
horizontally across dimension
horizontally upward dimension
vertically upward dimension
both a and c
Author:
rikazzz
Comment
Cost Accounting
Which of the following costs has no relationship with the level of output?
Fixed cost
Stepped fixed costs
Semi-variable costs
Variable costs
Author:
rikazzz
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Cost Accounting
If the static budget amount is $6200 and the flexible budget amount is $4500, then the sales volume variance will be
$6,200
$1,700
$17,000
$4,500
Author:
rikazzz
Comment
Cost Accounting
Which of these is not an objective of Cost Accounting:
Ascertainment of Cost
Determination of Selling Price
Cost Control and Cost reduction
Assisting Shareholders in decision making
Author:
rikazzz
Comment
Cost Accounting
In costing and budgeting hierarchy, an example of product sustaining cost is
initial offering cost
batch marketing cost
product marketing cost
product design cost
Author:
rikazzz
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Cost Accounting
In activity based costing system, the description of activity can be classified as
activity list
activity dictionary
active purpose
both a and b
Author:
rikazzz
Comment
Cost Accounting
The graphical representation of cost driver data and costs are considered as
plotting the data
plotting the costs
plotting the cost drivers
plotting curved line
Author:
rikazzz
Comment
Cost Accounting
Cost of goods sold can be calculated as follow:
Cost of goods manufactured Add Opening finished goods inventory Less Closing finished goods inventory
Cost of goods manufactured Less Opening finished goods inventory Less Closing finished goods inventory
Cost of goods manufactured Less Opening finished goods inventory Add Closing finished goods inventory
Cost of goods manufactured Add Opening finished goods inventory Add Closing finished goods inventory
Author:
rikazzz
Comment
Cost Accounting
The contribution margin per unit is divided by the selling price of the product to calculate
selling margin percentage
cost margin percentage
discount percentage
contribution margin percentage
Author:
rikazzz
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