In cost accounting, the financial way of charging price for product above the cost, of acquiring or producing the goods is known as ___________?

Related Mcqs:

1. The type of accounting, which reports financial and non-financial data about the cost of material and acquiring of resources is classified as ____________?

   A. material accounting
   B. cost accounting
   C. supplies accounting
   D. business accounting

2. In production volume variance, an acquiring fixed cost such as equipment and plant lease is known as ____________?

   A. lump sum price amount
   B. lump sum fixed cost
   C. lump sum variable cost
   D. lump sum manufacturing cost

3. The type of accounting which measures, reports and analysis of the non-financial and financial information to help in decision making is called _____________?

   A. financial accounting
   B. management accounting
   C. cost accounting
   D. decision accounting

4. The cost of manufactured goods is added into beginning inventory, and the amount equal to cost of sold goods are added into ___________?

   A. minus beginning inventory
   B. minus ending inventory
   C. plus ending inventory
   D. plus beginning inventory

5. In value chain analysis, the coordination, acquiring and assembling of resources to produce a product is classified as _____________?

   A. resourcing
   B. value acquiring
   C. production
   D. value acquaintance

6. 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

7. In accounting, the cost incurred in past or in historical financial statements is classified as ________?

   A. actual cost
   B. budgeted cost
   C. past cost
   D. incurred cost

8. An availability of financial information, to oversee operations and system of accounting is known as ____________?

   A. manager ship
   B. controllership
   C. proprietorship
   D. functional line

9. 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

10. 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