Cost Allocation

Pertains to resources expended in order to achieve an objective

• Budget

• Cost

• Yield

• Capital

Answer explanation

(Fundamentals in Nutrition and Dietetics Review Manual Vol. 1 Basic Foods and Institutional Management, p. 197)

State objectives of cost accounting

• A.Determination of cost

• B. Fixing selling price

• C. Cost control and cost reduction

• D.Helps in managerial decision-making

• E. All of the above

Indirect expenses include

• A. Direct materials

• B. Factory overheads

• C. Administrative overheads

• D. A&B

• E. B&C

Inventory includes

• A. Finished goods

• B. Raw materials

• C. Work-in-progress

• D. All of the above

• E. None of the above

Rent and Lease Cost

• Variable Cost

• Mixed or Semi-Variable Cost

• Fixed Cost

Raw Materials

• Variable Cost

• Mixed or Semi-Variable Cost

• Fixed Cost

Fuel

• Variable Cost

• Mixed or Semi-Variable Cost

• Fixed Cost

Salaries

• Variable Cost

• Mixed or Semi-Variable Cost

• Fixed Cost

Electricity

• Variable Cost

• Mixed or Semi-Variable Cost

• Fixed Cost

Commissions

• Variable Cost

• Mixed or Semi-Variable Cost

• Fixed Cost