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Commerce · all questions

Costing
practice.

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Cost, which is related to specific cost object and economically traceable, will be classified as

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Material or anything for which cost is to be measured is known as

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Cost which is changed in proportion to level total volume is

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Costs are classified as fixed or variable on basis of

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Process of tracing direct costs and allocation of indirect costs is known as

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Cost which remains unchanged, in proportion to level total volume of production is classified as

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In accounting, cost which is predicted to be incurred or future cost is known as

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Cost which is related to specific cost object and cannot be economically traceable is classified as

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Process of assigning indirect costs to any specific cost object is known as

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In accounting, resources sacrifice for achieving or fulfil specific objective is known as

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In production, variables such as level of activity or volume of company activity are known as

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Relationship between change in activity and change in total costs is considered as

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Direct cost assignment for specific cost object is classified as

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In accounting, cost incurred in past or in historical financial statements is classified as

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Collection of cost data, according to accounting system in an organized way is classified as

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Which of following is an example of purchasing costs?

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If an average inventory is 2000 units, annual relevant carrying cost of each unit is $5, then annual relevant carrying cost will be

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If demand of one year is 25000 units, relevant ordering cost for each purchase order is 25 then economic order quantity will be

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Cost of product failure, error prevention and appraisals can be classified under

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Activities related to coordinating, controlling and planning flow of inventory are classified as

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