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Cost Accounting
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Cost Accounting
Fixed cost is a cost:
Which changes in total in proportion to changes in output
which is partly fixed and partly variable in relation to output
Which do not change in total during a given period despise changes in output
which remains same for each unit of output
Author:
rikazzz
Comment
Cost Accounting
Economic order quantity is that quantity at which cost of holding and carrying inventory is:
Maximum and equal
Minimum and equal
It can be maximum or minimum depending upon case to case
Minimum and unequal
Author:
rikazzz
Comment
Cost Accounting
If an actual manufacturing overhead costs is $485000 and actual total quantity of cost allocation base is 4500 labor hours, then the overhead rate would be
109.87
$107.78
$106.56
$104.34
Author:
rikazzz
Comment
Cost Accounting
The value of sales, consider sales value at split off method is of
entire direct material of accounting period
entire production of accounting period
portion of production of accounting period
entire indirect material of accounting period
Author:
rikazzz
Comment
Cost Accounting
Which of the following organizations should not be advised to use service costing:
Distribution service
Hospital
Maintenance division of a manufacturing company
A light engineering company
Author:
rikazzz
Comment
Cost Accounting
If the fixed cost is $50000 and the contribution margin percentage is 20%, then the breakeven revenue will be
$100,000
$150,000
$250,000
$225,000
Author:
rikazzz
Comment
Cost Accounting
The statistical quality control is also called
statistical process control
statistical failure control
statistical control of prevention cost
statistical control of sunk cost
Author:
rikazzz
Comment
Cost Accounting
The vertically upward dimension of cost analysis is also called
project dimension
accounting-period dimension
back-flush accounting dimension
lean accounting dimension
Author:
rikazzz
Comment
Cost Accounting
The purpose of financial accounting is
communicating company position to investors
helping managers make decisions
future oriented
single person orientation
Author:
rikazzz
Comment
Cost Accounting
If the actual result is $25000 and the flexible budget amount is $11000, then the flexible budget amount is
$36,000
$46,000
$56,000
$14,000
Author:
rikazzz
Comment
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