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Cost Accounting
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Cost Accounting
An organization sold units 4000 and have closing finished goods 3500 units and opening finished goods units were 1000. the quantity of unit produced would be:
7500 units
6500 units
4500 units
8500 units
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Cost Accounting
In cost accounting, the goal of variance analysis is to
understand variance reason
improve future performance
learning of improvement
all of above
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rikazzz
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Cost Accounting
The costs such as book value of old machines are $25000 can be a classified as an example of
salvages
relevant
irrelevant
depreciated cost
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rikazzz
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Cost Accounting
The flexible budget variance for the revenues of company is classified as
selling price variance
investment variance
profit variance
primary variance
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rikazzz
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Cost Accounting
In strategy formulation, the forces that must be focused for industry analysis include
potential entrants in market
customer’s bargaining power
supplier’s bargaining power
all of above
Author:
rikazzz
Comment
Cost Accounting
The normal activity range in which there is relationship between activity and costs is classified as
relevant range
irrelevant range
cause range
effective range
Author:
rikazzz
Comment
Cost Accounting
If an actual manufacturing overhead costs is $225000 and actual total quantity of cost allocation base is 2500 labor hours, then the overhead rate will be
$60
$90
$80
$70
Author:
rikazzz
Comment
Cost Accounting
In Regression Analysis, the testing of assumptions if these are true or not is classified as
weighted analysis
average analysis
significance analysis
specification analysis
Author:
rikazzz
Comment
Cost Accounting
In the specification analysis, the assumptions related to linearity states but linearity must be within
irrelevant range
relevant range
significant range
insignificant range
Author:
rikazzz
Comment
Cost Accounting
The labor related to the manufacturing of the product can be classified under
direct manufacturing labor costs
indirect manufacturing labor costs
work in process cost
finished costs
Author:
rikazzz
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