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Cost Accounting
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Cost Accounting
The budget which specifies an operating and financial plan, usually for a fiscal year or any specific period of time is classified as
annual budget
operating budget
specific budget
master budget
Author:
rikazzz
Comment
Cost Accounting
If break-even number of units are 120 units and the fixed cost is $62000, then the contribution margin per unit will be
$74,400
$7,440,000
$516.67
$51,667
Author:
rikazzz
Comment
Cost Accounting
The direct labor, salary outlays and direct material purchases are classified as
price disbursements
cash disbursements
budget disbursements
goods disbursements
Author:
rikazzz
Comment
Cost Accounting
The fundamental redesigning and rethinking of business processes to improve critical measures such as quality, speed, cost and customer satisfaction are called
reengineering
differentiation
bargaining
targeting
Author:
rikazzz
Comment
Cost Accounting
The value, which measures that how large is the value of standard error in relevance to value of estimated coefficient, is termed as
t-value
b-value
d-value
c-value
Author:
rikazzz
Comment
Cost Accounting
The pricing method used by services companies, such as home repair services, architectural firms and automobile repair services is known as
product life cycle method
life cycle budgeting method
life cycle costing method
time and material method
Author:
rikazzz
Comment
Cost Accounting
The FIFO inventory costing method assumes that the cost of the earliest units purchased us allocated in which of the following ways?
First to be allocated to the ending inventory
Last to be allocated to the cost of goods sold
Last to be allocated to the ending inventory
First to be allocated to the cost of goods sold
Author:
rikazzz
Comment
Cost Accounting
Which of the following is not an avoidable cause of Labour turnover:
Dissatisfaction with Job
Lack of training facilities
Low wages and allowances
Disability, making a worker unfit for work
Author:
rikazzz
Comment
Cost Accounting
The conversion cost is subtracted from direct manufacturing labor cost to calculate the
direct overheads
overhead costs
factory overhead
manufacturing overhead cost
Author:
rikazzz
Comment
Cost Accounting
If the gross margin is $6000 and the total revenue is $26000, then the gross margin percentage will be
23.08%
24.08%
25.08%
26.08%
Author:
rikazzz
Comment
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