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Cost Accounting
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Cost Accounting
The type of accounting which measures, reports and analysis of the non-financial and financial information to help in decision making is called
financial accounting
management accounting
cost accounting
decision accounting
Author:
rikazzz
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Cost Accounting
According to accounting system the collection of cost data, in an organized way is classified as
system accumulation
accumulated data
cost accumulation
organized accumulation
Author:
rikazzz
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Cost Accounting
Amount of net purchase can be calculated as follows:
Purchase of direct material add trade discount less purchase return and carriage inward less other material handling cost
Purchase of direct material less trade discount add purchase return add carriage inward less other material handling cost
Purchase of direct material less trade discount less purchase return less carriage inward add other material handling cost
Purchase of direct material less trade discount less purchase return add carriage inward add other material handling cost
Author:
rikazzz
Comment
Cost Accounting
An availability of after sale support, to the existing or potential customers in value chain analysis is known as
customer services
utility services
resource services
acquiring services
Author:
rikazzz
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Cost Accounting
The minimum freedom for managers and maximum constraints are the main features of
total autonomy
total centralization
total decentralization
total congruency
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rikazzz
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Cost Accounting
In Regression Analysis, if an observed cost value is 85 and the disturbance error is 25 then predicted cost value will be
95
50
120
100
Author:
rikazzz
Comment
Cost Accounting
The cost that is subject to actual payment or will be paid for in future is called:
Fixed cost
step cost
Explicit cost
Imputed cost
Author:
rikazzz
Comment
Cost Accounting
If the sales budget variance is $57000 and the flexible budget amount is $97000, then the static budget amount will be
$40,000
$154,000
$164,000
$124,000
Author:
rikazzz
Comment
Cost Accounting
The fifth step in process costing system is to
allocate separable costs
allocate joint costs
compute gross margin
assign total cost to completed units
Author:
rikazzz
Comment
Cost Accounting
The calculation of product cost, gathering information for planning and analyzing information for decisions making are the features of
information accounting
cost accounting
analyzing accounts
marketing costs
Author:
rikazzz
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