Commerce · all questions

Costing
practice.

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Q341

Required rate of return, is multiplied per unit cost of purchased units to calculate

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Q342

An ability of an accounting system, to point out use of resources in every step of production process is called

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Q343

Systematic flow of services, goods or information from buying material for product delivery to customers is known as

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Q344

Costs associated with storage of finished goods such as spoilage, obsolescence and insurance of goods are classified as

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Q345

Costs of goods acquired from suppliers is classified as

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Q346

If demand in units is 18000, relevant ordering cost for each year is $150 and an order quantity is 1500, then annual relevant ordering cost would be

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Q347

If relevant opportunity cost of capital is

2950 an d r e l e v an t c a r r y in g cos t o f in v e n t or y i s

6700, then relevant incremental cost will be

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Q348

Profit forgone by capital investment in inventory rather than investment of capital to somewhere else is classified as

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Q349

An example of shrinkage costs is

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Q350

If relevant incremental costs are

5000 an d r e l e v an t o pp or t u ni t y cos t o f in v es t e d c a p i t a l i s

2500, then relevant inventory carrying costs would be

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Q351

An average inventory in units is multiplied with annual relevant carrying cost of each unit to calculate

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Q352

A push through system, according to which goods are manufactured for finished inventory solely, on basis of forecasted demand can be classified as

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Q353

Relevant incremental costs are added into relevant opportunity cost of capital to calculate

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Q354

If economic order quantity for one year is 15000 packages and demand in units for one year are 1500 units, then number of deliveries in a year will be

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Q355

Number of purchase orders for each year is multiplied to relevant ordering cost for each purchase order to calculate

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Q356

Costing system, which omits some of journal entries in accounting system is known as

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Q357

Decision model to calculate optimal quantity of inventory to be ordered is called

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Q358

Stage in manufacturing cycle at which journal entries are made in system of accountancy is known as

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Q359

If required rate of return is 12% and per unit cost of units purchased is $35, then relevant opportunity cost of capital will be

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Q360

Method of costing that supports creation of value for customer by accounting whole value stream, rather than individual departments or products is classified as

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