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Cost Accounting
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Cost Accounting
The budgeted variable overhead rate, is multiplied to an actual quantity of allocation base, is to calculate variable manufacturing cost of overheads in
direct costing method
indirect costing method
actual costing method
normal costing method
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Cost Accounting
The decision making methods, used for subunits of company are highly interdependent on each other is called
incongruent decision making
functional decision making
congruent decision making
duplication decision making
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rikazzz
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Cost Accounting
Calculate the prime cost from the following information: Direct material consumed: Rs. 90,000: Direct Labour: Rs. 60,000 Direct expenses: Rs. 20,000 Manufacturing overheads: Rs. 30,000
Rs. 1,80,000
Rs. 2,00,000
Rs. 1,70,000
Rs. 2,10,000
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rikazzz
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Cost Accounting
The type of distribution, which describes whether events to be occurred are mutually exclusive or collectively exhaustive can be classified as
mutual distribution
probability distribution
collective distribution
marginal distribution
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rikazzz
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Cost Accounting
The major influential factors on supply and demand include
customers
costs
competitors
all of above
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rikazzz
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Cost Accounting
Which of the following statement measures the financial position of the entity on particular time?
Income Statement
Balance Sheet
Cash Flow Statement
Statement of Retained Earning
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rikazzz
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Cost Accounting
In operating income strategic analysis, a component which measures the change in operating income attributed to the change in output quantity is classified as
internal process component
growth component
price recovery component
productivity component
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rikazzz
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Cost Accounting
The types of costs of quality consist of
appraisal costs
internal and external failure costs
prevention costs
all of above
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rikazzz
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Cost Accounting
_______ is future cost that effects the current management decision:
Sunk Cost
Standard Cost
Relevant Cost
Irrelevant Cost
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rikazzz
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Cost Accounting
In a joint process of production, a product which yields high volume of sales as compared to total sales volume of other products is known as
incremental product
sunk product
main product
split off product
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rikazzz
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