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Cost Accounting
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Cost Accounting
If the budgeted revenue is $50000 and the breakeven revenue is $35000, then the margin of safety would be
$12,000
$14,000
$15,000
$16,000
Author:
rikazzz
Comment
Cost Accounting
A benefit of having a standard costing system would not include:
Faster reporting
Eventual reduction of administrative work
Better system for checking efficiencies
Allows creative input into budgeting decisions
Author:
rikazzz
Comment
Cost Accounting
The measuring of capacity in terms of normal capacity utilization is also termed as
output demanded
input demanded
capacity supplied
capacity borrowed
Author:
rikazzz
Comment
Cost Accounting
An energy, machine maintenance, indirect materials and engineering support are considered as
variable overhead cost
fixed overhead cost
fixed batch cost
variable batch cost
Author:
rikazzz
Comment
Cost Accounting
Considering dual rate method, if employees work for 8500 budgeted hours at $120 per hour, and work for 9500 actual hours at $110 per hour, then the total cost would be
$2,078,000
$3,078,000
$2,065,000
$3,065,000
Author:
rikazzz
Comment
Cost Accounting
Static budget variance for operating income is added in to static budget amount to calculate
actual result
expected results
expected cost
expected revenue
Author:
rikazzz
Comment
Cost Accounting
An actual quantity of input use is multiplied to actual prices, to calculate direct variable manufacturing cost in
actual costing method
normal costing method
direct costing method
indirect costing method
Author:
rikazzz
Comment
Cost Accounting
FIFO is the abbreviation of:
Final interest-Free option
First in First out method
None of the given options
Fixed income financial operations
Author:
rikazzz
Comment
Cost Accounting
If the budgeted fixed cost is $40000 and budgeted fixed cost is $16 per unit, then budgeted denominator level will be
3500 units
2500 units
3900 units
4900 units
Author:
rikazzz
Comment
Cost Accounting
If the contribution margin per unit is $700 per unit and the break-even per unit is $40, then the fixed cost would be
$35,000
$28,000
$17,500
$82,000
Author:
rikazzz
Comment
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