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Cost Accounting
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Cost Accounting
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Cost Accounting
Total cost related to work in process inventory is divided by total units of work done is used to calculate
Gross weighted margin
weighted average revenue
weighted average cost
weighted average conversion cost
Author:
rikazzz
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Cost Accounting
The costs of all the activities for a group of products, rather than individual product can be classified as
activity level costs
input level costs
batch level costs
output level costs
Author:
rikazzz
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Cost Accounting
Re-order level is calculated as:
Maximum consumption x Maximum re-order period
Minimum consumption x Minimum re-order period
1/2 of (Minimum + Maximum consumption)
Maximum level – Minimum level
Author:
rikazzz
Comment
Cost Accounting
Manufacturing entities classified the inventory in which of three kinds?
Material inventory, WIP inventory, Finished goods inventory
Material inventory, purchased good inventory, WIP inventory
Material inventory, purchased good inventory, Finished goods inventory
WIP inventory, Finished goods inventory, purchased good inventory
Author:
rikazzz
Comment
Cost Accounting
The labor which works as forklift truck, plant guards and the rework labor is classified as
prime overhead
conversion overhead
factory overhead
manufacturing overhead
Author:
rikazzz
Comment
Cost Accounting
If the cost of direct materials use in the goods sold is $5000 and the total revenues are $9000 then the throughput contribution would be
$5,000
$14,000
$4,000
$9,000
Author:
rikazzz
Comment
Cost Accounting
The variable overhead flexible budget variance is added to flexible budget amount to calculate
actual cost incurred
fixed cost incurred
variable cost incurred
manufacturing cost incurred
Author:
rikazzz
Comment
Cost Accounting
The variable cost is subtracted from fixed costs to calculate
unit income
fixed income
operating income
marginal income
Author:
rikazzz
Comment
Cost Accounting
An approach used for choosing capacity level, having no beginning inventory, is classified as
write off variance approach
write in variance approach
adjusted variance approach
unadjusted variance approach
Author:
rikazzz
Comment
Cost Accounting
If the contribution margin per unit is $40 per unit and selling price is $200, then the contribution margin percentage would be
20%
10%
22%
16%
Author:
rikazzz
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