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 __________?

Related Mcqs:

1. 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

2. 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

3. The costs of all the activities for a group of products, rather than individual product can be classified as ___________?

   A. activity level costs
   B. input level costs
   C. batch level costs
   D. output level costs

4. In an accounting system, the document which supports journal entries is classified as _____________?

   A. cost document
   B. priced document
   C. source document
   D. direct document

5. In customer cost hierarchy, the costs of individual customer support activities are classified as __________?

   A. discretionary channel costs
   B. corporate-sustaining costs
   C. distribution-channel costs
   D. customer-sustaining costs

6. In customer cost hierarchy, the costs of individual customer support activities are classified as ____________?

   A. discretionary channel costs
   B. corporate-sustaining costs
   C. distribution-channel costs
   D. customer-sustaining costs

7. 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

8. 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

9. 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

10. 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