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Cost Accounting
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Cost Accounting
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Cost Accounting
The first step in constant gross margin percentage, Net realizable value (NRV) method is to allocate joint, to compute
Gross margin percentage
total production cost of each product
allocated joint costs
cost of split off point
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rikazzz
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Cost Accounting
The difference between absorption and variable costing is the accountability of
direct overhead
indirect overhead cost
fixed manufacturing cost
variable manufacturing cost
Author:
rikazzz
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Cost Accounting
An income, which a company aims to earn by selling each unit of market offering is classified as
target operating income per unit
target cost per unit
total current full cost
total cost per unit
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rikazzz
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Cost Accounting
The department which directly adds value to product or service is known as
production department
operating department
allocation base department
both a and b
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rikazzz
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Cost Accounting
The direct service labor is $5000, the idle time wages are $1000 and the overtime premium is $450, then the total figure would be
$4,450
$6,450
$21,500
$14,300
Author:
rikazzz
Comment
Cost Accounting
The rupee amount for required return of investment is subtracted from income to calculate
net income
after tax income
residual income
operating income
Author:
rikazzz
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Cost Accounting
Describe the cost unit applicable to the Bicycle industry:
Per part bicycle
per bicycle
per ton
per day
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rikazzz
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Cost Accounting
If the opportunity cost per barrel is $45 per unit, incremental cost per barrel is $65, then minimum transfer price will be
$45
$110
$20
$65
Author:
rikazzz
Comment
Cost Accounting
If the residual error is 35 and the predicted cost value is 20, then the observed cost value will be
55
15
65
85
Author:
rikazzz
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Cost Accounting
In a normal accounting period, an allocated amount of indirect cost is $700 and an actual amount is $800, then this can be classified as
under allocated indirect cost
over allocated direct cost
over allocated budget
under allocated budget
Author:
rikazzz
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