The continuous pressure of reducing the cost of products to be sold, is classified as ____________?

Related Mcqs:

1. In an income statement, when costs become cost of sold goods and manufactured products are sold, such costs are

   A. inventoriable costs
   B. finished costs
   C. factory overhead costs
   D. manufacturing overhead costs

2. The package which consists of two or more products to be sold for single price, but components of products in package have separate stand-alone price is called ___________?

   A. step down product
   B. dual mix product
   C. bundled product
   D. reciprocal product

3. If cost is eliminated, then reducing the perceived usefulness that customers can obtain by using the market offering will come under _____________?

   A. designed-in costs
   B. locked-in costs
   C. value added cost
   D. non-value added cost

4. 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

5. If the budgeted cost in indirect cost pool is $144500 and total quantity of cost allocation base is $165500, then the budgeted indirect cost rate will be __________?

   A. 67.30%
   B. 87.31%
   C. 55.50%
   D. 45.50%

6. If the budgeted cost in indirect cost pool is $139600 and total quantity of cost allocation base is $155600, then the budgeted indirect cost rate would be __________?

   A. 69.72%
   B. 79.72%
   C. 99.75%
   D. 89.72%

7. 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

8. If the variable cost per unit is $25 and the quantity of units sold is 5000, then the total variable cost would be __________?

   A. $155,000
   B. $125,000
   C. $135,000
   D. $145,000

9. If the total setup cost is $42000 and fixed setup cost is $17000, then the variable fixed cost would be ____________?

   A. $59,000
   B. $25,000
   C. $15,000
   D. $39,000

10. In dependent variable cost pool, the relationship between individual cost items and cost drivers can be classified as ___________?

    A. non homogeneous relationship
    B. homogeneous relationship
    C. an internal relationship
    D. an extreme relationship