REVISION

The following are the examples of direct cost, EXCEPT:

• utilities bills

• sugar

• special designer

• carpenter

Which of the following is NOT considered a variable cost?

• raw materials

• rent

• commission

• packaging

The CEO of Persada Corporation set a future goal to achieve 1 million profits for next year. This is ______function of management accounting.

• Planning

• Decision making

The following are the example of period cost EXCEPT:

• Advertising

• selling cost

• packaging cost

• delivery cost

Banana, chocolate and sugar can be classified as ________, EXCEPT:

• direct material

• prime cost

• conversion cost

• direct cost

No gains, no loss is referring to the situation of ___________

___________ one of the examples of direct expenses.

• special designer

• carpenter

• security guards

• utilities

supervisor salary is recorded as_________

• direct labour

• overhead

• direct material

• direct expenses

High and low method is one of the method used to identify the exact figure of fixed and variable cost

• TRUE

• FALSE

Managers are responsible for the following function, EXCEPT:

• planning

• organizing

• decision making

• segregation