A. incremental costing system
B. split off costing system
C. inventoriable costing system
D. operation costing system
Related Mcqs:
- 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 - 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 - In plotting the cost functions, the number of machine hours and batches are represented on ___________?
A. unit axis
B. term axis
C. x-axis
D. y-axis - 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 - A unit cost calculated in costing system, by assigning total costs incurred to many similar units is categorized as _________?
A. accounting period costing system
B. process costing system
C. job costing system
D. none of above - 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 - 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 - 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 - Total cost of producing similar products divided by number of units produced is a technique known as ____________?
A. sale costing system
B. job costing system
C. price costing system
D. process costing system - In the activity based costing method implementation, an output unit level costs are classified as ____________?
A. indirect costs
B. direct cost
C. labor cost
D. raw material cost
