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Cost Accounting
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Cost Accounting
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Cost Accounting
The revenue and throughput contribution is subtracted to calculate the
indirect labor cost of goods sold
direct labor cost of goods sold
direct material cost of goods sold
indirect material cost of goods sold
Author:
rikazzz
Comment
Cost Accounting
The costs that are incurred in last department, where the product has been processed and will be carried to next department for further processing are called
partial work costs
transferred-in costs
transferred-out costs
weighted average costs
Author:
rikazzz
Comment
Cost Accounting
If the per unit budgeted per unit cost is $165 and budgeted production units are 400 then fixed budgeted manufacturing costs will be
$36,000
$66,000
$56,000
$46,000
Author:
rikazzz
Comment
Cost Accounting
For the companies in service sector, the cost which is not considerable is
Inventoriable costs
finished costs
factory overhead costs
manufacturing overhead costs
Author:
rikazzz
Comment
Cost Accounting
The price variance for direct manufacturing labor is referred as
direct variance
rate variance
labor variance
manufacturing variance
Author:
rikazzz
Comment
Cost Accounting
Which of the following would not normally be included in the prime cost of production?
Direct expenses
Carriage fixed costs
Cost of raw materials
Salaries
Author:
rikazzz
Comment
Cost Accounting
If an actual quantity of cost allocation base is $48000 and budgeted quantity of cost allocation base is $28000, then variable overhead efficiency variance would be
$20,000
$76,000
$86,000
$96,000
Author:
rikazzz
Comment
Cost Accounting
If the budgeted annual manufacturing indirect cost is $2250000 and the cost allocation base is 2800 labor hour, then budgeted manufacturing overhead rate will be
$803.571 per labor hour
$805 per labor hour
$905 per labor hour
$802 per labor hour
Author:
rikazzz
Comment
Cost Accounting
In accounting, the cost incurred in past or in historical financial statements is classified as
actual cost
budgeted cost
past cost
incurred cost
Author:
rikazzz
Comment
Cost Accounting
The purpose of management accounting is to
past orientation
help banks make decisions
help managers make decisions
help investors make decision
Author:
rikazzz
Comment
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