The factors that accelerate the process of refining a costing system include ____________?

Related Mcqs:

1. The costing system, which is a combination of process costing and job costing system, is classified as __________?

   A. weighted costing system
   B. average costing system
   C. hybrid costing system
   D. double costing system

2. The costing technique, which classify all the activities in costing hierarchy is classified as ____________?

   A. activity based costing
   B. non-financial costing
   C. profit costing
   D. lump sum costing

3. If the fixed manufacturing cost expenses are under variable costing and are not expensed in absorption costing, it is resulting in _________?

   A. production exceeds breakeven sales
   B. breakeven sales exceeds production
   C. price exceeds cost
   D. cost exceeds price

4. The variance which is included in absorption costing, but not in variable costing is classified as __________?

   A. production volume variance
   B. cost volume variance
   C. profit volume variance
   D. fixed cost variance

5. The normal costing and standard costing methods are used in decisions such as ___________?

   A. investment decisions
   B. pricing decisions
   C. product mix decisions
   D. Both B and C

6. The major influential factors on supply and demand include ____________?

   A. customers
   B. costs
   C. competitors
   D. all of above

7. The third step in process costing system is to ____________?

   A. summarize flow of output
   B. compute output in units
   C. summarize total costs
   D. compute cost for each equivalent unit

8. The costing system, which classify cost into cost categories in a way when an expense is incurred in the process is called ____________?

   A. conversion expense costing system
   B. inventory costing system
   C. process costing system
   D. job costing system

9. The factors identified by cause and effect diagrams include ___________?

   A. component and material factors
   B. machine-related factors
   C. human factors
   D. all of above

10. The factors that affect the demand of the customers include __________?

    A. cyclical factors
    B. seasonal factors
    C. trend factors
    D. all of above