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Cost Accounting
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Cost Accounting
If the direct material cost is $5500 and the prime cost is $25000, then the direct manufacturing labor would be
$19,500
$30,500
$45,500
$22,500
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rikazzz
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Cost Accounting
Adding indirect production expenditure to the direct cost of production can be known as:
Contribution costing
Activity based costing
Full costing
Marginal costing
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rikazzz
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Cost Accounting
The joint cost allocation method, in which individual product from joint products must gain a gross margin percentage is classified as
sales value at split off method
joint products value at split off method
constant gross margin percentage NRV method
Gross realizable value method
Author:
rikazzz
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Cost Accounting
The function used to measure decline in labor hours per unit as the units of production increases is called
fixed curve
learning curve
linear curve
mixed curve
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rikazzz
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Cost Accounting
The broad’s average use to assign the cost of revenue to cost objects will be classified as
refined costing system
refined selling system
undefined costing
defined selling system
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rikazzz
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Cost Accounting
In manufacturing companies, the revenue and cost drivers are categorized under
variable costs
costs of goods sold
number of units sold
all of above
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rikazzz
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Cost Accounting
In ‘make or buy’ decision, it is profitable to buy from outside only when the supplier’s price is below the firm’s own:
Fixed Cost
Variable Cost
Total Cost
Prime Cost
Author:
rikazzz
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Cost Accounting
In management accounting, an emphasis and focus must be
future oriented
past oriented
communication oriented
bank oriented
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rikazzz
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Cost Accounting
An income statement in absorption costing follows the format of
inventory margin
sales margin
Gross margin
production margin
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rikazzz
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Cost Accounting
The direct manufacturing labor costs is added into manufacturing overhead cost to calculate
transaction costs
conversion costs
resale costs
merchandise costs
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