Direct cost incurred can be identified with_______________?

A. Each Department
B. Each unit of output
C. Each Month
D. Each Executive

Submitted by: ALIYA NAWAZ

Direct cost incurred can be identified with each unit of output. Direct costs (such as for labor, material, fuel or power) vary with the rate of output but are uniform for each unit of production, and are usually under the control and responsibility of the department manager.

Related Mcqs:

The total cost incurred in the operation of a business undertaking other than the cost of manufacturing and production is known as________?
A. Direct cost
B. Variable cost
C. Commercial cost
D. Conversion cost
Find the cost of goods sold if goods are sold for 2,000 at 25% profit on cost?
A. 1,600
B. 1,500
C. 1,000
D. 1,800
Updated by: Mohammad Ejaz
A Ltd. Has sales of 2,200, total fixed cost of 570, variable cost of 1,540, raw material consumed of ` 1,100, number of units sold 22,000. What shall be the BEP 9 in units) if raw material price is reduced by 2%?
A. 18,387
B. 18,560
C. 18,750
D. 19,000
Under the direct write-off method of recognizing a bad debt expense. Which of the following statements is/are true?
A. The bad debt expense is not matched with the related sales
B. Revenue is overstated in the year of sales
C. It violates the matching principle of accounting
D. All of the above
The portion of the acquisition cost of the asset yet to be allocated is known as___________?
A. Written down value
B. Accumulated value
C. Salvage value
D. Residual Value
Period cost include which of the following ?
A. selling Expense
B. Direct labor
C. factory overhead
D. selling Expenses & administrative expenses
Submitted by: Maneesh kumar
_________is the cost of converting raw material into finished products?
A. Prime cost
B. Explicit cost
C. Job order cost
D. Conversion cost
Submitted by: Maneesh Kumar
Sundry debtors as per Trial Balance is 43,000 which includes 2,200 due from ‗H in respect of goods sent to him on approval basis, the cost price of which is 1,800. Rectification would involve:
A. Adding 2,200 to closing stock
B. Deducting 1,800 from closing stock and deducting 2,200 each from debtors and sales
C. Adding 1,800 to closing stock and deducting 2,200 each from debtors and sales
D. Deducting 1,800 from debtors
One of the most important tools in cost planning is__________?
A. Direct cost
B. Cost Sheet
C. Budget
D. Marginal Costing.
The cost of obsolete inventory acquired several years ago, to be considered in a keep vs. disposal decision is an example of :
A. Uncontrollable cost
B. Sunk cost
C. Avoidable cost
D. Opportunity cost