Cost Accounting

Cost Accounting
The total available assets are subtracted from idle assets to calculate
market equity
total assets employed
total assets available
stockholders’ equity
Author: rikazzz Comment
Cost Accounting
In incremental cost allocation method, the cost object user who is ranked third in ranking order is classified as
First incremental user
primary user
secondary user
second incremental user
Author: rikazzz Comment
Cost Accounting
The cash receipts are added in to beginning cash balance to calculate
total goods manufactured
total cash available
total revenue
total goods sold
Author: rikazzz Comment
Cost Accounting
If the cost of goods sold is $8000, the gross margin is $5000 then the revenue will be
$13,000
−$13000
$3,000
−$3000
Author: rikazzz Comment
Cost Accounting
If the residual error is 25 and the predicted cost value is 50, then the observed cost value would be
100
25
50
75
Author: rikazzz Comment
Cost Accounting
If the contribution margin per unit is $5000, the selling price is $1500 and the variable manufacturing cost per unit is $1200, then per unit cost of marketing will be
$4,200
$2,300
$7,700
$6,700
Author: rikazzz Comment
Cost Accounting
If the total setup cost is $35000 and fixed setup cost is $19000, then the variable fixed cost would be
$16,000
$54,000
$64,000
$74,000
Author: rikazzz Comment
Cost Accounting
If the contribution margin is $25000 and the revenues are $60000, then all the variable costs will be
−$85000
−$35000
$85,000
$35,000
Author: rikazzz Comment
Cost Accounting
In step cost functions, the cost is increased by
discrete amounts
same amounts
linear amounts
nonlinear amounts
Author: rikazzz Comment
Cost Accounting
The flexible budget amount is added in to variable overhead flexible budget variance to calculate
manufacturing costs incurred
variable costs incurred
fixed costs incurred
actual costs incurred
Author: rikazzz Comment

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