A. in-time costing
B. trigger costing
C. back flush costing
D. lead time costing
Related Mcqs:
- In an accounting system, the document which supports journal entries is classified as _____________?
A. cost document
B. priced document
C. source document
D. direct document - The stage in manufacturing cycle at which journal entries are made in system of accountancy is known as _________?
A. chaining point
B. recording point
C. lead point
D. trigger point - In process costing method, when the work done in current accounting period, and beginning inventory before current accounting period, is classified as _________?
A. partial inventory costing method
B. current period inventory method
C. Last-in, first-out method
D. First-in, first-out method - 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 - An accounting which records and measures the business transactions and is followed by generally accepted accounting principles is classified as ____________?
A. external accounting
B. internal accounting
C. business accounting
D. financial accounting - 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 - The method of costing that supports creation of value for customer by accounting whole value stream, rather than individual departments or products is classified as __________?
A. economic accounting
B. back-flush accounting
C. lean accounting
D. lead accounting - 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 - 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 - 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
