Cost Accounting

Cost Accounting
The set of all the occurrences that may happen in near future or in any other fixed time are called
events
distribution
outcome
actions
Author: rikazzz Comment
Cost Accounting
The fixed cost is divided by break-even revenues to calculate
cost margin
fixed margin
revenue margin
contribution margin
Author: rikazzz Comment
Cost Accounting
The manager who is responsible only for the revenues of the company can be categorized under the
profit center
investment center
cost center
revenue center
Author: rikazzz Comment
Cost Accounting
The fixed overhead allocated for actual output unit is subtracted from budgeted fixed overhead to calculate
budget variance
production volume variance
price volume variance
cost volume variance
Author: rikazzz Comment
Cost Accounting
The cost of goods sold was Rs. 240,000. Beginning and ending inventory balances were Rs. 20,000 and Rs. 30,000 respectively, what was the inventory turnover?
8.0 times
12.0 times
7.0 times
9.6 times
Author: rikazzz Comment
Cost Accounting
The process of analyzing and reviewing financial records to check the integrity of company financial reports is called
internal audit
external audit
functional audit
treasury audit
Author: rikazzz Comment
Cost Accounting
The rate of required return to cover the risk of investment, in absence of inflation is classified as
real rate of return
required rate of return
nominal rate of return
none of above
Author: rikazzz Comment
Cost Accounting
_________ is also known as working capital ratio:
Current ratio
Quick ratio
Liquid ratio
Debt-equity ratio
Author: rikazzz Comment
Cost Accounting
The variance which is included in absorption costing, but not in variable costing is classified as
production volume variance
cost volume variance
profit volume variance
fixed cost variance
Author: rikazzz Comment
Cost Accounting
The philosophy, in which the management works to improve value chain of the products, to exceed customer expectations is classified as
quality
management chain
customer chain
cost chain
Author: rikazzz Comment

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