Cost Accounting

Cost Accounting
The budget, which predicts the effect of given level of operations on a cash position is classified as
market budget
price schedule
planned schedule
cash budget
Author: rikazzz Comment
Cost Accounting
In the standard costing, the standard quantity allocation is multiplied to standard overhead rates for allocating
flexible costs
variable costs
overhead costs
fixed costs
Author: rikazzz Comment
Cost Accounting
The span time from initial research and development of product till support and customer service, if not offered for that particular product will be called
product life cycle
life cycle budgeting
life cycle costing
target costing
Author: rikazzz Comment
Cost Accounting
The gross margin is divided by revenues to calculate the
income margin percentage
Gross margin percentage
cost margin percentage
sales margin percentage
Author: rikazzz Comment
Cost Accounting
If the budgeted total direct labor hours are 3800 and budgeted direct labor cost is $480000, then the budgeted direct labor cost rate will be
$126.32 per labor hour
$128.32 per labor hour
$130 per labor hour
$132 per labor hour
Author: rikazzz Comment
Cost Accounting
The consideration of increased operating income relative to budgeted amount is classified as
favorable variance
unfavorable variance
revenue variance
cost variance
Author: rikazzz Comment
Cost Accounting
In super variable costing, all costs other than direct material costs are recorded in the period
of incurring
of sale
of manufacturing
of indirect recording
Author: rikazzz Comment
Cost Accounting
The cash flows method, used by net present value method and internal rate of return are
vertical cash flows
discounted cash flows
lean cash flows
future cash flows
Author: rikazzz Comment
Cost Accounting
If an actual variable quantity is 50, the actual and budgeted overhead cost of allocation is $7550 and $4500 respectively, then the variable overhead spending variance could be
$182,500
$152,500
$162,500
$172,500
Author: rikazzz Comment
Cost Accounting
The cost that has elements of variable and fixed costs at the same time is
variable cost
mixed cost
semi variable cost
Both B and C
Author: rikazzz Comment

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