Strategic Cost and Management Accounting

Strategic Cost and Management Accounting

University

15 Qs

quiz-placeholder

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Strategic Cost and Management Accounting

Strategic Cost and Management Accounting

Assessment

Quiz

Other

University

Medium

Created by

Razia Fathima

Used 33+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The increase or decrease in the total cost of a production run for making one additional unit of an item is called ______

Adsorption Costing

Marginal Costing

Sunk cost

ABC costing

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Indirect expenses are also termed as ______

Direct Expenses

Administrative Expenses

Overheads

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A ________ triggers a change in the cost of an activity.

Cost driver

Resources

Activity

None of these

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Select the characteristics of services. (You can select more than one option)

Non - transferability

Homogeneous

Heterogeneous

Perishability

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Expand JIT

Just inventory time

Just in Time

Justify inventory time

None of these

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

If Selling price is 250 and desired profit is 50, then how much is target costing?

220

200

300

None of these

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Throughput =

Sales - VC

Selling Price - Material Cost

Sales - Direct material cost

All of these

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