The costs that are not incorporated in accounting records, but are recognized in different situations are classified as ___________?

Related Mcqs:

1. 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

2. The costs of issuing purchase orders, making of delivery records for tracking payments and costs of inspection of items are classified as _____________?

   A. stock-out costs
   B. ordering costs
   C. carrying costs
   D. purchasing costs

3. The customer sustaining costs, customer batch-level costs and customer output-unit level costs are classified as _________?

   A. customer level indirect costs
   B. customer level direct costs
   C. corporate level direct costs
   D. corporate level indirect costs

4. The customer sustaining costs, customer batch-level costs and customer output-unit level costs are classified as _________?

   A. customer level indirect costs
   B. customer level direct costs
   C. corporate level direct costs
   D. corporate level indirect costs

5. 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

6. An indirect setup labor costs, costs of setup and equipment maintenance and costs of indirect material can be categorized as ______________?

   A. variable batch costs
   B. fixed batch costs
   C. variable setup costs
   D. fixed setup costs

7. The sum of cost of direct materials, costs of buildings, equipment, research and development costs is classified as ___________?

   A. throughput costs
   B. investments
   C. operating costs
   D. marginal costs

8. The corporate sustaining costs and distribution channel costs are also classified as ___________?

   A. indirect costs
   B. variable costs
   C. fixed costs
   D. direct costs

9. The costs that behaves as irrelevant costs in process of decision making are classified as ___________?

   A. past costs
   B. future costs
   C. expected costs
   D. sunk costs

10. The costs which are considered as expenses in the accounting period are also known as ____________?

    A. inventory costs
    B. period costs
    C. timed costs
    D. labor overheads