A document which contains information about the materials of specific product, in specific department comes under __________?

Related Mcqs:

1. A document which consists information about labor time usage, for specific job in a specific department, is known as __________?

   A. selling time record
   B. labor time record
   C. buying time record
   D. direct time record

2. The costs that are incurred in last department, where the product has been processed and will be carried to next department for further processing are called __________?

   A. partial work costs
   B. transferred-in costs
   C. transferred-out costs
   D. weighted average costs

3. The document, which contains the information about the used material sequence, detail and quantity of raw material is classified as __________?

   A. bill of materials
   B. bill of sequence
   C. bill of detail
   D. bill of raw materials

4. In accounting system, a document which consists of all assigned cost for specific job is classified as __________?

   A. job cost record
   B. job cost sheet
   C. source document
   D. both a and b

5. The method, which uses specific information on products as weights to allocate bundled revenues for each product in bundle is classified as ___________?

   A. step down allocation method
   B. stand-alone revenue allocation method
   C. incremental revenue allocation method
   D. revenue mix allocation method

6. The calculation of product cost, gathering information for planning and analyzing information for decisions making are the features of ________?

   A. information accounting
   B. cost accounting
   C. analyzing accounts
   D. marketing costs

7. The department which directly adds value to product or service is known as __________?

   A. production department
   B. operating department
   C. allocation base department
   D. both a and b

8. An approach in which the company under-costs it’s one product and over-costs at least one product is classified as __________?

   A. service-cost across subsidizing
   B. product-price cross subsidizing
   C. product-cost cross subsidizing
   D. product cross subsidizing

9. The function of management accountant, who works as business partner comes under the category of ____________?

   A. asset function
   B. investment function
   C. line function
   D. staff function

10. Marketing, production and management of distribution comes under the category of ___________?

    A. staff management
    B. line management
    C. marketing management
    D. production management