In accounting terms, the term capacity refers to ____________?

Related Mcqs:

1. 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

2. The measuring of capacity in terms of normal capacity utilization is also termed as __________?

   A. output demanded
   B. input demanded
   C. capacity supplied
   D. capacity borrowed

3. 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

4. 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

5. 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

6. 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

7. 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

8. An amount of available capacity other than employed capacity, to meet the customer’s demand, is classified as _________?

   A. targeted capacity
   B. budgeted capacity
   C. recovery capacity
   D. unused capacity

9. An error term, disturbance term or residual term is calculated as ___________?

   A. U=A-b
   B. u=A-a
   C. u=Y-y
   D. u=X-x

10. The type of accounting, which focuses on whom should be asked for information and whom not, will be categorized as ____________?

    A. focused accounting
    B. responsibility accounting
    C. information accounting
    D. blame accounting