A. physical tracking
B. non-inventoriable costing
C. inventory costing
D. both a and c
Related Mcqs:
- 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 - The costing, which explains how and when scrap affects the operating income of company is classified as ___________?
A. inventory costing
B. conversion costing
C. normal scrap costing
D. abnormal scrap costing - 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 - 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 - 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 - In a normal accounting period, the allocated amount of indirect cost is $2000 and the actual amount is $2200, it classified as __________?
A. over allocated budget
B. under allocated budget
C. under allocated indirect cost
D. over allocated direct cost - In management accounting, an emphasis and focus must be __________?
A. future oriented
B. past oriented
C. communication oriented
D. bank oriented - The measure which provides the feedback on manager’s performance, considering individual aspects only is classified as ___________?
A. effectively measure
B. lump sum measure
C. non-financial measures
D. financial measures - The non-financial and financial aspects of the plan by the company management, is classified as ___________?
A. complexity
B. process
C. budget
D. batching
