Cost Accounting

Cost Accounting
The method, which calculates the time to recoup initial investment of project in form of expected cash flows is known as
net value cash flow method
payback method
single cash flow method
lean cash flow method
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Cost Accounting
The stage in production process, where the manufactured goods are checked; whether the units are acceptable or not is classified as
rework point
inspection point
spoilage point
scrap point
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Cost Accounting
An estimate of what costs should be is known as:
Ideal cost
Actual cost
Forecast cost
Standard cost
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Cost Accounting
An organization’s ability to offer market offerings at lower prices, in comparison with its competitors is known as
inelastic demand
product differentiation
cost leadership
elastic demand
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Cost Accounting
The standard input allows one unit, to be divided by standard cost per output unit, for variable direct cost input to calculate
standard price per input unit
standard price per output unit
standard cost per input unit
standard cost per output unit
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Cost Accounting
Which of the following is sales force payroll incentive? Select correct option?
Commission
Shift allowance
Over time payment
Bonus
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Cost Accounting
In customer cost hierarchy, the costs of individual customer support activities are classified as
discretionary channel costs
corporate-sustaining costs
distribution-channel costs
customer-sustaining costs
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Cost Accounting
If an allocated indirect cost is $1500 and the actual incurred indirect cost is $1200, then this is classified as
applied indirect cost
applied direct cost
incurred indirect cost
over allocated indirect cost
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Cost Accounting
An act of making sure, that all the employees must understand the goals is classified as
coordination
communication
annual profit plan
budgeting
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Cost Accounting
In stand-alone revenue-allocation method, the type of weights available for this method are
selling prices as weights
unit costs as weights
physical units as weights
all of above
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