Costing

13. Budget, which predicts effect of given level of operations on a cash position is classified as

market budget
price schedule
planned schedule
cash budget

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is classified as" class="read-more button" href="https://exam.pscnotes.com/mcq/budget-which-predicts-effect-of-given-level-of-operations-on-a-cash-position-is-classified-as/#more-44048">Detailed SolutionBudget, which predicts effect of given level of operations on a cash position is classified as

14. Material mix variance = standard cost of standard mix – . . . . . . . .

Actual cost of actual mix
Actual cost of standard mix
Standard cost of actual mix
Standard cost of budgeted mix

Detailed SolutionMaterial mix

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variance = standard cost of standard mix – . . . . . . . .

15. Under inflationary conditions a higher value of inventory is assigned under:

LIFO method
FIFO method
Weighted average method
None of the above

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button" href="https://exam.pscnotes.com/mcq/under-inflationary-conditions-a-higher-value-of-inventory-is-assigned-under/#more-44029">Detailed SolutionUnder inflationary conditions a higher value of inventory is assigned under:

16. Contribution less fixed cost is

Profit
Sales
Price
MOS

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class="youtube-icon"> Subscribe on YouTube is" class="read-more button" href="https://exam.pscnotes.com/mcq/contribution-less-fixed-cost-is/#more-44021">Detailed SolutionContribution less fixed cost is

17. Method, which allocates cost of support department for operating departments by recognizing all mutual services provided is classified as

indirect method
direct method
step down method
reciprocal method

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d="M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube button" href="https://exam.pscnotes.com/mcq/method-which-allocates-cost-of-support-department-for-operating-departments-by-recognizing-all-mutual-services-provided-is-classified-as/#more-44000">Detailed SolutionMethod, which allocates cost of support department for operating departments by recognizing all mutual services provided is classified as

18. Higher and accurate budgeted profit forecast of managers lead to

high incentive bonus
low incentive bonus
influence bonus
revenue bonus

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managers lead to" class="read-more button" href="https://exam.pscnotes.com/mcq/higher-and-accurate-budgeted-profit-forecast-of-managers-lead-to/#more-43993">Detailed SolutionHigher and accurate budgeted profit forecast of managers lead to

19. Direct cost assignment for specific cost object is classified as

cost object line cost
cost tracing
cost object indirect cost
cost object staff cost

Detailed

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SolutionDirect cost assignment for specific cost object is classified as

20. Approaches to allocate costs of support department do not include

sales mix allocation method
dual-rate cost-allocation method
single rate cost allocation method
both b and c

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class="read-more button" href="https://exam.pscnotes.com/mcq/approaches-to-allocate-costs-of-support-department-do-not-include/#more-43918">Detailed SolutionApproaches to allocate costs of support department do not include
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