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Cost Accounting
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Cost Accounting
Store in charge after receiving the material as per the goods received note, places the material at its location and makes an entry in ___________
Bin card
Store Ledger Card
Stock Ledger
None of these
Author:
rikazzz
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Cost Accounting
The inventory of the final goods that are not yet sold is called
finished goods inventory
indirect material inventory
direct materials inventory
work in process inventory
Author:
rikazzz
Comment
Cost Accounting
The target price is subtracted from per unit target operating income to calculate
total current full cost
total cost per unit
target operating income per unit
target cost per unit
Author:
rikazzz
Comment
Cost Accounting
The flexible budget variance is subtracted from actual cost to calculate
flexible budget cost
flexible investment cost
static budget cost
static variable cost
Author:
rikazzz
Comment
Cost Accounting
If the total revenue is $9000, the total variable cost is $2000, then the contribution margin will be
$11,000
−$7000
$4,500
$7,000
Author:
rikazzz
Comment
Cost Accounting
If the budgeted annual indirect cost is $85000 and budgeted annual quantity of cost allocation base is $7500, then budgeted indirect cost rate would be
112.34 per piece
113.34 per piece
111.34 per piece
110.34 per piece
Author:
rikazzz
Comment
Cost Accounting
The Regression Analysis Method of quantitative analysis of cost function considers
all data points
One data point
Two data points
Four data points
Author:
rikazzz
Comment
Cost Accounting
Service departments costs should be allocated to:
Only Service departments
Only Production departments
Both Production and service departments
None of the production and service departments
Author:
rikazzz
Comment
Cost Accounting
The compelling strategic plan, promoting coordination and providing framework of performance are
advantages of budget
disadvantages of budget
advantages of costing method
disadvantages of costing method
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rikazzz
Comment
Cost Accounting
If the residual error is 51 and the predicted cost value is 37, then the observed cost value will be
14
88
24
68
Author:
rikazzz
Comment
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