Strategic Cost and Management Accounting

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

Indirect expenses are also termed as ______

• Direct Expenses

• Administrative Expenses

• Overheads

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

• Cost driver

• Resources

• Activity

• None of these

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

• Non - transferability

• Homogeneous

• Heterogeneous

• Perishability

Expand JIT

• Just inventory time

• Just in Time

• Justify inventory time

• None of these

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

• 220

• 200

• 300

• None of these

Throughput =

• Sales - VC

• Selling Price - Material Cost

• Sales - Direct material cost

• All of these

Above picture explains ____

• Target cost

• Life cycle cost

• ABC cost

• Throughput

Find out the missing phase in life cycle stages.

• Saturation

• Launch

• Growth

• Peak

Under ABC costing method, What are these called as___

• Overhead pool

• Overheads

• Cost Drivers

• Overhead drivers