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Commerce · all questions

Costing
practice.

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Difference between budgeted amounts and actual results is classified as

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A manager who is responsible for only cost of company belongs to

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A manager, who is responsible for both cost and revenues belongs to department of

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Larger number of manager subordinates and higher level manager are termed as

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An assignment of task for managers, who are accountable for their actions in controlling and budgeting of resources is classified as

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Manager who is responsible for investments of company, its costs and revenues is known as

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Use of variables to signal whether strategies are effective or ineffective is classified as

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Segment of subunit of company, whose manager is responsible for specific set of instructions and activities perform is classified as

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Which of following is an example of revenue center?

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Variance, if used to alert managers before time of problem is called

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An arrangement of line of authority within company is classified as

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Variance used by managers to check whether company has performed well and properly implemented strategies is considered as

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Manager who is responsible only for revenues of company can be categorized under the

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System which measures budget, action and plan of each responsibility center is known as

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Significant feature of Kaizen Budgeting is

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Budgeting method, which incorporates an improvement anticipated in budgeting period into budget numbers can be classified as

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Part of master budget, which covers capital expenditures, budgeted statement of cash flows and balance sheet is classified as

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Third step in developing operating budget is

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Cost influences by responsibility center manager who is considered as

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If indirect manufacturing labour is 5000, maintenance and supplies are of $10000 then manufacturing budget will be

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