Vidyalelo
Commerce · all questions

Costing
practice.

Practice every MCQ with options. Use Show answers when you want the correct option and solution.

1,309

Questions

27/66

Page

Pick an option on a question to see the right answer and solution.

If number of units are 3000 and per unit price is $500, then flexible budget variable will be

Select an option to see the answer and solution.

If static budget amount is 15000, then sales volume variance will be

Select an option to see the answer and solution.

An approach in which company under-costs it's one product and over-costs at least one product is classified as

Select an option to see the answer and solution.

Budgeted total cost in indirect cost pool is divided by budgeted total quantity of cost allocation base is to calculate by

Select an option to see the answer and solution.

In an activity based cost system; an activity/unit of work or task with differentiated purposes will be classified as

Select an option to see the answer and solution.

Costs of all activities for individual products or services can be called

Select an option to see the answer and solution.

In an activity based costing implementation, product's diverse demand is based on

Select an option to see the answer and solution.

Broad's average use to assign cost of revenue to cost objects will be classified as

Select an option to see the answer and solution.

Costs of all activities for a group of products, rather than individual product can be classified as

Select an option to see the answer and solution.

Product which requires low amount of resources, but incur high per unit cost is classified as

Select an option to see the answer and solution.

In activity based costing system, description of activity can be classified as

Select an option to see the answer and solution.

Factors that accelerate process of refining a costing system include

Select an option to see the answer and solution.

Cost pool category, which have similar cause and effect relationship, with each cost driver uses as an allocation base is classified as

Select an option to see the answer and solution.

In activity based costing method implementation, indirect costs are allocated by using the

Select an option to see the answer and solution.

Costing system, in which individual activities are identified as cost object is considered as

Select an option to see the answer and solution.

Type of costs that cannot be traced for individual products but help in supporting an organization are classified as

Select an option to see the answer and solution.

In activity based costing method implementation, an output unit level costs are classified as

Select an option to see the answer and solution.

Hierarchy which is based on different types of cost allocation and drivers, is to categorize cost pool activity is classified as

Select an option to see the answer and solution.

Product which requires large amount of resources, but incur low per unit cost is classified as

Select an option to see the answer and solution.

Costs of undertaken activities is to support individual products are known as

Select an option to see the answer and solution.