A. indirect costs
B. overhead costs
C. premium costs
D. both a and b
Related Mcqs:
- In cost accounting, the financial way of charging price for product above the cost, of acquiring or producing the goods is known as ___________?
A. sales margin
B. cost margin
C. Gross margin
D. income margin - 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 - 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 - In cost accounting, the conference, quantitative analysis and account analysis methods are considered as __________?
A. cost estimation methods
B. price estimation methods
C. unit estimation method
D. variable estimation method - If the cost of indirect support labor is $5000, equipment maintenance setup cost is $7000 and machinery leasing cost is $4000 then variable fixed cost will be ___________?
A. $16,000
B. $12,000
C. $18,000
D. $21,000 - The direct service labor is $5000, the idle time wages are $1000 and the overtime premium is $450, then the total figure would be _________?
A. $4,450
B. $6,450
C. $21,500
D. $14,300 - If the direct service labor is $7000, the idle time wages are $2000 and the overtime premium is $950, then the total figure would be __________?
A. $5,850
B. $5,950
C. $9,950
D. $10,050 - In a given scenario, if the cost is considered as indirect cost then independent variable will be considered as _________?
A. demand allocation base
B. supply allocation base
C. cost allocation base
D. price allocation base - In accounting, the cost which is predicted to be incurred or future cost is known as ________?
A. past cost
B. incurred cost
C. actual cost
D. budgeted cost - In cost accounting, the goal of variance analysis is to ___________?
A. understand variance reason
B. improve future performance
C. learning of improvement
D. all of above
