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Cost Accounting
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Cost Accounting
The fourth step in decision making process is
linear correlation
making decisions
implement decisions
evaluate performance
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Cost Accounting
The examples of nonlinear cost functions are
step constant functions
step cost functions
step price functions
step object functions
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rikazzz
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Cost Accounting
If an efficiency variance is 200 units and the actual input quantity is 750 units, then the budgeted input quantity will be
275 units
125 units
550 units
650 units
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rikazzz
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Cost Accounting
If a firm experiences an under absorption of overheads then the closing stock should be adjusted in which way?
Shortfall should be added to closing stock value
A provision equivalent to amount should be deducted from value
Shortfall should be subtracted from closing stock value
No adjustment should be made
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rikazzz
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Cost Accounting
An officer responsible for financial operations of organization is considered as
chief financial officer
chief manager
chief line function
chief staff function
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rikazzz
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Cost Accounting
All the conditions or assumptions of regression analysis in simple regression can give
dependent estimation
independent estimation
reliable estimates
unreliable estimates
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rikazzz
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Cost Accounting
Which one out of the following is not an inventory valuation method:
FIFO
LIFO
Weighted Average
EOQ
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rikazzz
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Cost Accounting
The balance sheet, in which all the costs of the product that must be considered as its assets, is said to be
factory overhead costs
manufacturing overhead costs
Inventoriable costs
finished costs
Author:
rikazzz
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Cost Accounting
“Taking steps for the fresh purchase of those stocks which have been exhausted and for which requisitions are to be honored in future” is an easy explanation of:
Overstocking
Under stocking
Replenishment of stock
Acquisition of stock
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rikazzz
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Cost Accounting
The costing system, which classify cost into cost categories in a way when an expense is incurred in the process is called
conversion expense costing system
inventory costing system
process costing system
job costing system
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rikazzz
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