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Cost Accounting
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Cost Accounting
An ability of an organization, to offer its services or products that must be perceived by customers as unique and superior, in comparison to its competitors is called
inelastic demand
product differentiation
cost leadership
elastic demand
Author:
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Cost Accounting
The continuous budget is also known as
rolling budget
pin budget
specific budget
past budget
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Cost Accounting
The budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to
budget production
planned production
setup production
stand by production
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rikazzz
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Cost Accounting
The gross margin is added into cost of sold goods to calculate the
revenues
operating leverage
contribution margin
operating margin
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rikazzz
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Cost Accounting
Factory Overhead cost includes:
Factory Rent
Property Tax
Salaries of Factory Clerk
All of these
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Cost Accounting
The third step in estimation of cost function, by using quantitative analysis is collection of data for
cost and cost object
price and cost driver
dependent variable and cost driver
independent variable and cost driver
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rikazzz
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Cost Accounting
If, Gross profit = Rs. 40, 0000 GP Margin = 25% of sales what will be the value of cost of goods sold?
Rs. 160,000
Rs. 120,000
Rs. 40,000
Cannot be determined
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rikazzz
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Cost Accounting
Which of the following is not a method of cost absorption:
Percentage of direct material cost
Machine hour rate
Labour hour rate
Repeated distribution method
Author:
rikazzz
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Cost Accounting
An estimated coefficient, which indicates the degree by which the estimated values are affected by random factors is known as
standard error of estimated coefficient
weighted error of estimated coefficient
average of estimated coefficient
variance of estimated coefficient
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rikazzz
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Cost Accounting
The function of plant manager, in which he is responsible for new assets investment is termed as
line function
staff function
asset function
investment function
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rikazzz
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