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Cost Accounting
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Cost Accounting
The Inventory Turnover ratio is 5 times and numbers of days in a year is 365. Inventory holding period in days would be:
100 days
73 days
50 days
10 days
Author:
rikazzz
Comment
Cost Accounting
If sales = Rs. 600,000 markup = 20% of cost what would be the value of gross profit?
Rs. 200,000
Rs. 100,000
Rs. 580,000
Rs. 740,000
Author:
rikazzz
Comment
Cost Accounting
The decrease in purchasing power of any monetary unit such as euro, dollars etc. is classified as
net investment parity
inflation
purchasing parity
buying parity
Author:
rikazzz
Comment
Cost Accounting
Buying of goods or materials for production in a way that they are delivered directly on the manufacturing facility of company is called
economic order quantity purchasing
annual purchasing
just in time purchasing
both a and b
Author:
rikazzz
Comment
Cost Accounting
If the budget sales units are 5000, the ending inventory is 4000 units and the beginning inventory is 1000, then the budget production will be
4000 units
5000 units
8000 units
10000 units
Author:
rikazzz
Comment
Cost Accounting
The lower plant leasing, lower administrative costs, lower depreciation on equipment and plant are all the factors of
favorable price variance
unfavorable price variance
favorable spending variance
unfavorable spending variance
Author:
rikazzz
Comment
Cost Accounting
The cost allocation base used by an operating manager is classified as
machine hours
flexible hours
variable hours
fixed hours
Author:
rikazzz
Comment
Cost Accounting
An overtime is considered in cost accounting as
indirect costs
overhead costs
premium costs
both a and b
Author:
rikazzz
Comment
Cost Accounting
_____________ is a detailed budget of cash receipts and cash expenditure incorporating both revenue and capital items:
Cash Budget
Capital Expenditure Budget
Sales Budget
Overhead Budget
Author:
rikazzz
Comment
Cost Accounting
If the invested capital is $150000 and target rate of return on investment is 16%, then the targeted annual operating income would be
$27,000
$26,000
$24,000
$25,000
Author:
rikazzz
Comment
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