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Cost Accounting
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Cost Accounting
The machine budgeted time standards are set too tight, is the possible cause for
priced budget
exceeding budget
fixed budget
variable budget
Author:
rikazzz
Comment
Cost Accounting
If the total sales are $355000, the beginning inventory is $23000 and the ending inventory is $15000, then total production would be
$363,000
$463,000
$393,000
$493,000
Author:
rikazzz
Comment
Cost Accounting
Which of the following industries would most likely use a Process Cost Accounting system?
Construction
Beer
Hospitality
Consulting
Author:
rikazzz
Comment
Cost Accounting
The individual activities such as machine setups, material handling, customer service and distribution of products are a part of
activity based costing
margin based costing
goodness of costing
handling based costing
Author:
rikazzz
Comment
Cost Accounting
Marking up the cost of a product by an amount to represent profit is known as:
Full cost pricing
Predatory pricing
Price skimming
Price discrimination
Author:
rikazzz
Comment
Cost Accounting
If the demand in units are 18000, relevant ordering cost for each year is $150 and an order quantity is 1500, then annual relevant ordering cost would be
$200
$190
$160
$180
Author:
rikazzz
Comment
Cost Accounting
The after-tax average cost of the funds used by company in long run is equal to
weighted average cost of capital
economic value added
after-tax operating income
net income
Author:
rikazzz
Comment
Cost Accounting
The time that a company takes to create and produce a new product is classified as
management factor
time factor
customer factor
chain factor
Author:
rikazzz
Comment
Cost Accounting
In the income statement of merchandising costs, the period cost includes all costs which are not related to
cost of resale goods
cost of manufacturing goods
timed resale of goods
cost of purchased goods
Author:
rikazzz
Comment
Cost Accounting
The type of accounting, which reports financial and non-financial data about the cost of material and acquiring of resources is classified as
material accounting
cost accounting
supplies accounting
business accounting
Author:
rikazzz
Comment
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