Cost Accounting

Cost Accounting
An average figure, for particular period which provides zero meaning feedback to marketing manager, is termed as
normal capacity utilization
abnormal capacity utilization
standard capacity utilization
infinite capacity utilization
Author: rikazzz Comment
Cost Accounting
A particular term for which specific revenue measurement is required is known as
revenue allocation
revenue object
revenue increment
reciprocal revenue
Author: rikazzz Comment
Cost Accounting
If the margin of safety is $35000 and the budgeted revenue is $80000, then the margin of safety in percentage will be
32.75%
43.75%
53%
22%
Author: rikazzz Comment
Cost Accounting
The wage costs which are incurred in in converting materials into finished goods would be known as:
Wages and salaries
Salaries
Direct labor
Indirect labor
Author: rikazzz Comment
Cost Accounting
If the flexible budget amount is $21500 and fixed overhead flexible budget variance is $10000, then actual incurred cost will be
$61,500
$31,500
$41,500
$51,500
Author: rikazzz Comment
Cost Accounting
An assumption of specification analysis states: any observation does not belong to any other observation’s residual value, is classified as
independence of residuals
dependence of residuals
independence of correlation
none of the above
Author: rikazzz Comment
Cost Accounting
Number of units are multiplied to per unit price, to calculate
multiple budget variable
fixed budget variable
flexible budget variable
constant budget
Author: rikazzz Comment
Cost Accounting
In adjustment issues and data collection, the inflation affects the
cost driver and cost
cost object and cost
heterogeneous cost
homogenous cost
Author: rikazzz Comment
Cost Accounting
The budget which calculates the expected revenues and expected costs, based on the actual output quantity is named as
flexible budget
fixed budget
variable budget
multiplied budget
Author: rikazzz Comment
Cost Accounting
The gross margin is $7000 and the revenues are $16000, then the cost of goods sold would be
$23,000
−$23000
−$9000
$9,000
Author: rikazzz Comment

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