Cost Accounting

Cost Accounting
Which one out of the following is not an inventory valuation method?
FIFO
LIFO
Weighed Average
EOQ
Author: rikazzz Comment
Cost Accounting
The statistical method used to measure average change in dependent variable, with respect to change of one unit in independent variable is called
times series method
time horizon method
aggression method
regression method
Author: rikazzz Comment
Cost Accounting
In normal costing, the manufacturing overhead allocated is also called
manufacturing overhead applied
labor overhead applied
cost overhead applied
budget overhead applied
Author: rikazzz Comment
Cost Accounting
If the final sales are $50000 and the separable costs are $35000, then the net realizable value will be
$15,000
$85,000
$35,000
$50,000
Author: rikazzz Comment
Cost Accounting
When the fixed cost is divided into contribution margin per unit, it gives
fixed output
variable output
breakeven number of units
total number of units
Author: rikazzz Comment
Cost Accounting
A problem which arises because of the presence of systematic pattern in residual value sequence is considered as
parallel correlation
serial correlation
auto correlation
both B and C
Author: rikazzz Comment
Cost Accounting
The cost, which is related to specific cost object and economically traceable, will be classified as
direct cost
indirect cost
line cost
staff cost
Author: rikazzz Comment
Cost Accounting
The slope coefficient of cost function is zero because it intersects the
x-axis at one
y-axis at constant
x-axis at constant
y-axis at one
Author: rikazzz Comment
Cost Accounting
If value of final sales is $48000 and the net realizable value is $35000, then the value of sales costs would be
$35,000
$13,000
$83,000
$48,000
Author: rikazzz Comment
Cost Accounting
If the budgeted input quantity is 350 units and efficiency variance is 100, then an actual input quantity will be
250 units
450 units
550 units
650 units
Author: rikazzz Comment

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