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Cost Accounting
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Cost Accounting
Opportunity cost is an example of which of the following?
Sunk cost
Irrelevant cost
Relevant cost
Period cost
Author:
rikazzz
Comment
Cost Accounting
If the static budget amount is $6000 and the flexible budget amount is $15000, then the sales volume variance will be
$9,000
$8,000
$12,000
$21,000
Author:
rikazzz
Comment
Cost Accounting
The variable cost per unit is multiplied to the quantity of sold units to calculate
per unit cost
variable cost
fixed cost
multiple cost
Author:
rikazzz
Comment
Cost Accounting
If the percentage of overall gross margin is 15 and the final sales value of whole production is $20000, then the gross margin (in dollars) will be
$30,000
$300,000
$40,000
$400,000
Author:
rikazzz
Comment
Cost Accounting
If the difference between costs linked to highest and lowest observation of cost driver is $36000 and observation of cost driver is 30 machine hours, then slope coefficient would be
$1,200
$1,400
$1,600
$1,800
Author:
rikazzz
Comment
Cost Accounting
Any abnormal losses on production are recorded by which one of the following?
Debit = Abnormal loss account, Credit = Process account
Debit = Abnormal loss account, Credit = Cashbook
Debit = Profit and Loss account, Credit = Cashbook
Debit = Process account, Credit = Abnormal loss account
Author:
rikazzz
Comment
Cost Accounting
The capacity utilization of the business, to satisfy average customer demand over a specific period of time is classified as
seasonal capacity utilization
normal capacity utilization
standard capacity utilization
theoretical capacity utilization
Author:
rikazzz
Comment
Cost Accounting
Contribution Margin Ratio is:
Total contribution margin/sales
sales/ contribution margin per unit
Fixed cost/contribution margin per unit
sales/variable costs
Author:
rikazzz
Comment
Cost Accounting
If the breakeven revenue is $220000 and the revenue per bundle is $10000, then the number of bundles to be sold to breakeven will be
32 bundle
22 bundle
42 bundle
38 bundle
Author:
rikazzz
Comment
Cost Accounting
The type of plan of a company, which quantities the expectations of cash flows, income and financial position is known as
budget
batching
complexity
process
Author:
rikazzz
Comment
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