Cost Accounting

Cost Accounting
A technique for estimating regression line, which minimizes the sum of vertical deviations squares is classified as
variable technique
least square technique
indexed technique
fixed technique
Author: rikazzz Comment
Cost Accounting
Alpha company purchased a machine worth Rs. 200,000 in the last year. Now that machine can be used in a new project which company has received this year. Now the cost of that machine is to be called:
Project Cost
Sunk cost
Opportunity cost
Relevant cost
Author: rikazzz Comment
Cost Accounting
An actual selling price is subtracted from budgeted selling price, and then multiplied to actual sold units to calculate
profit variance
investment variance
cost variance
selling price variance
Author: rikazzz Comment
Cost Accounting
An approach in which, the over allocated and under allocated is spread in, ending balance of finished goods control, is called
allocation approach
unadjusted approach
proration approach
adjusted approach
Author: rikazzz Comment
Cost Accounting
The function of management accountant, who works as business partner comes under the category of
asset function
investment function
line function
staff function
Author: rikazzz Comment
Cost Accounting
The relationship based on unrelated level of activity and past data of cost is measured with the help of
cost estimation
price estimation
unit estimation
production estimation
Author: rikazzz Comment
Cost Accounting
The economic results that are predicted for possible combinations of events are classified as
margin
distribution
collection
outcome
Author: rikazzz Comment
Cost Accounting
Which of the following is an example of revenue center?
sales department
investing center
marketing department
segment department
Author: rikazzz Comment
Cost Accounting
BDH produced 30,500 units of Mi (a product). Each unit of Kisty takes two units of component L. Component L is budgeted to cost $ 12 per unit. Current inventory of L is 4,000 units. BDH wants 6,000 units of L on hand at the end of the next year. How much will the direct materials budget show as the cost of materials to be purchased:
756000
390000
684000
330000
Author: rikazzz Comment
Cost Accounting
According to incremental method, the party which receives the highest ranking in allocation of common cost is classified as
Third incremental party
second incremental party
primary party
First incremental party
Author: rikazzz Comment

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