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Cost Accounting
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Cost Accounting
The lump sum cost that remains unchanged in total despite of changes in total volume is classified as
unchanged price
unchanged cost
fixed overhead cost
variable overhead cost
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rikazzz
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Cost Accounting
The difference between actual result and corresponding amount of flexible budget, on the basis of actual level of output is classified as
sales mix variance
sales volume variance
flexible budget variance
static budget variance
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rikazzz
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Cost Accounting
The costing technique, which traces direct costs by multiplying price rate for producing actual outputs is known as
constant costing
standard costing
unit costing
batch costing
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rikazzz
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Cost Accounting
The capacity level of operations which is less than theoretical capacity is considered as
practical capacity
theoretical costing
standard capacity
actual capacity
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rikazzz
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Cost Accounting
The degree of influence that a manager would have on the revenues, cost, profit and investment is known as
controllability
influential power
responsibility
all of above
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rikazzz
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Cost Accounting
If the actual input quantity is 300 units and the budgeted input quantity is 100 units, then the efficiency variance will be
600 units
200 units
400 units
500 units
Author:
rikazzz
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Cost Accounting
If the flexible budget amount is $62000 and an actual result is $35000, then the flexible budget amount would be
$27,000
$37,000
$97,000
$87,000
Author:
rikazzz
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Cost Accounting
In process costing, a joint product is:
a product which is later divided into many parts
a product which is produced simultaneously with other products and is of similar value to at least one of the other products
A product which is produced simultaneously with other products but which is of a greater value than any of the other products
a product produced jointly with another organization
Author:
rikazzz
Comment
Cost Accounting
The budgeted annual indirect costs are divided to budgeted annual quantity of cost allocation base, to calculate
expected indirect cost rate
expected direct cost rate
budgeted indirect cost rate
budgeted direct cost rate
Author:
rikazzz
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Cost Accounting
Competitiveness can be best measured by
Gross margin
income margin
sales margin
cost margin
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rikazzz
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