The product capacity and costing, performance evaluation and regulatory requirements are the purposes of ___________?

Related Mcqs:

1. If the capacity utilization and its cost are fixed in product costing, the capacity management is ___________?

   A. for short run
   B. for long run
   C. for one day
   D. for few days

2. The costing system, which is a combination of process costing and job costing system, is classified as __________?

   A. weighted costing system
   B. average costing system
   C. hybrid costing system
   D. double costing system

3. The performance is evaluated only on the basis of price variance, if the performance evaluation is __________?

   A. positive
   B. negative
   C. zero
   D. one

4. The normal costing and standard costing methods are used in decisions such as ___________?

   A. investment decisions
   B. pricing decisions
   C. product mix decisions
   D. Both B and C

5. The capacity level of operations which is less than theoretical capacity is considered as ___________?

   A. practical capacity
   B. theoretical costing
   C. standard capacity
   D. actual capacity

6. If the fixed manufacturing cost expenses are under variable costing and are not expensed in absorption costing, it is resulting in _________?

   A. production exceeds breakeven sales
   B. breakeven sales exceeds production
   C. price exceeds cost
   D. cost exceeds price

7. The variance which is included in absorption costing, but not in variable costing is classified as __________?

   A. production volume variance
   B. cost volume variance
   C. profit volume variance
   D. fixed cost variance

8. The costing technique, which classify all the activities in costing hierarchy is classified as ____________?

   A. activity based costing
   B. non-financial costing
   C. profit costing
   D. lump sum costing

9. The measuring of capacity levels, in terms of practical and theoretical capacity is classified as _________?

   A. capacity write down
   B. capacity write up
   C. capacity supplied
   D. capacity borrowed

10. The difference between master budget capacity and practical capacity is considered as ________?

    A. normal used capacity
    B. unplanned and unused capacity
    C. planned unused capacity
    D. unplanned used capacity