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Cost Accounting
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Cost Accounting
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Cost Accounting
The cause and effect relationship between activity and costs is the result of
contractual agreement
knowledge of operations
measureable unit relationship
all of above
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Cost Accounting
The line which uses to join observations with lower and highest values of cost driver is called
straight line
curved line
horizontal line
vertical line
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Cost Accounting
The type of budget, which is always available for the specified period of future is called
period budget
batch budget
discontinued budget
continuous budget
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Cost Accounting
PVC Company has ordering quantity 10,000 units. They have storage capacity 20,000 units, the average inventory would be:
20,000
5,000
10,000
25,000
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Cost Accounting
The sum of all the resources used to generate income is classified as
DuPont investment
return on investment
investment
investment turnover
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Cost Accounting
The experimentation and generation of ideas related to new product or services are included in
addressing management
research and development
value development
service provider
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rikazzz
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Cost Accounting
In customer cost hierarchy, the cost of activities related to specific channel of distribution is classified as
discretionary channel costs
corporate-sustaining costs
distribution-channel costs
engineered resource costs
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rikazzz
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Cost Accounting
In plotting of cost functions, the level of activities according to which the charged cost is represented on
x-axis
y-axis
unit axis
term axis
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rikazzz
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Cost Accounting
The formula to calculate the contribution margin is
revenue – all variable cost
revenue + all variable cost
cost + revenue
revenue – breakeven units
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rikazzz
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Cost Accounting
Sales staff salaries would be classed as:
Indirect expenses
Selling and distribution expenses
Direct labor
Administration expenses
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rikazzz
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