Recent Trends in Cost Accounts

_______________ a technique of allocation of overheads.

• Target Costing

• Life Cycle Costing

• Bench Marking

• Activity Based Costing

At Growth stage of Product Life Cycle, the sales _____.

• increase

• decrease

• is constant

• is zero

Under ABC costs are grouped according to what drives them.

• True

• False

At maturity stag, in the Product Life Cycle, the sales decline.

• True

• False

____________________ is the process of comparing performance with the standards.

• Activity Based Costing

• Life Cycle Costing

• Target Costing

• Bench Marking

In ______________________, the aim is to eliminate wasteful activities.

• Activity Based Costing

• Life Cycle Costing

• Bench Marrking

• Target Costing

Target costng is a method of costing.

• True

• False

An activity which generates cost is a ________

• cost driver

• cost pull

• cost push

• cost unit

_____ is a primary element of target costing.

• Coordination

• Method of allocation

• Technique of Costing

• Cost Driver

ABC establishes a link between activities and cost.

• True

• False