The hybrid costing system, which is applied to batches of similar products, but are not identical is classified as ____________?

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. 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...

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. 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...

6. 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...

7. 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...

8. 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...

9. 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...

10. 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...