Costing

721. An opportunity cost does not involve . . . . . . . .

cash outlays
direct cost
indirect cost
None of the above

Join Our Telegram Channel
Subscribe on YouTube
." class="read-more button" href="https://exam.pscnotes.com/mcq/an-opportunity-cost-does-not-involve/#more-49154">Detailed SolutionAn opportunity cost does not involve . . . . . . . .

722. The primary difference between a fixed budget and a variable (flexible) budget is that a fixed budget:

Includes only fixed costs, while a variable budget includes only variable costs
Is concerned only with future acquisitions of fixed assets, while a variable budget is concerned with expenses which vary with sales
Cannot be changed after the period begins, while a variable budget can be changed after the period begins

Detailed SolutionThe primary difference between a fixed budget and a variable (flexible) budget is that a fixed budget:

723. The difference between fixed and variable cost has a special significance in the preparation of:

flexible budget
master budget
cash budget
sales budget

Join Our Telegram Channel
Subscribe on YouTube
button" href="https://exam.pscnotes.com/mcq/the-difference-between-fixed-and-variable-cost-has-a-special-significance-in-the-preparation-of/#more-49138">Detailed SolutionThe difference between fixed and variable cost has a special significance in the preparation of:

724. Abnormal process loss can be transferred to ________.

costing profit and loss a/c
financial profit and loss a/c
manufacturing
trading

Join Our Telegram Channel
Subscribe on YouTube
transferred to ________." class="read-more button" href="https://exam.pscnotes.com/mcq/abnormal-process-loss-can-be-transferred-to-________/#more-49136">Detailed SolutionAbnormal process loss can be transferred to ________.

725. Which of the following statements is correct in regards to Kaijen costing? 1. It is a system of cost reduction. 2. It is a system of continuous improvement without negative effects on the quality, staff and security. Select the correct answer:

Only 1
Only 2
Both 1 and 2
Neither 1 nor 2

Join Our Telegram Channel

system of cost reduction. 2. It is a system of continuous improvement without negative effects on the quality, staff
Subscribe on YouTube
and security. Select the correct answer:" class="read-more button" href="https://exam.pscnotes.com/mcq/which-of-the-following-statements-is-correct-in-regards-to-kaijen-costing-1-it-is-a-system-of-cost-reduction-2-it-is-a-system-of-continuous-improvement-without-negative-effects-on-the-quality-sta/#more-49126">Detailed SolutionWhich of the following statements is correct in regards to Kaijen costing? 1. It is a system of cost reduction. 2. It is a system of continuous improvement without negative effects on the quality, staff and security. Select the correct answer:

726. Halsey premium plan is based on

time taken
quantity of work
time saved
quality of work

Join Our Telegram Channel
Subscribe on YouTube
button" href="https://exam.pscnotes.com/mcq/halsey-premium-plan-is-based-on/#more-49121">Detailed SolutionHalsey premium plan is based on

727. If an actual indirect cost incurred is $25000 and indirect cost allocated is $23000, then over allocated indirect cost would be

$48,000
-$2000
$2,000
-$48000

Subscribe on YouTube

indirect cost would be" class="read-more button" href="https://exam.pscnotes.com/mcq/if-an-actual-indirect-cost-incurred-is-25000-and-indirect-cost-allocated-is-23000-then-over-allocated-indirect-cost-would-be/#more-49110">Detailed Solution Join Our Telegram Channel class="screen-reader-text">If an actual indirect cost incurred is $25000 and indirect cost allocated is $23000, then over allocated indirect cost would be

728. Deviations between estimated regression line and vertical deviations are classified as

fixed terms
indexed terms
variable terms
residual terms

Detailed

Subscribe on YouTube
Join Our Telegram Channel
SolutionDeviations between estimated regression line and vertical deviations are classified as

729. A manager, who is responsible for both cost and revenues belongs to department of

cost center
revenue center
profit center
investment center

Join Our Telegram Channel
Subscribe on YouTube
button" href="https://exam.pscnotes.com/mcq/a-manager-who-is-responsible-for-both-cost-and-revenues-belongs-to-department-of/#more-49083">Detailed SolutionA manager, who is responsible for both cost and revenues belongs to department of

730. If purchase order lead time is 35 minutes and number of units sold per time is 400 units, then reorder point will be

14000 units
14500 units
15000 units
15500 units

Subscribe on

Join Our Telegram Channel
YouTube
400 units, then reorder point will be" class="read-more button" href="https://exam.pscnotes.com/mcq/if-purchase-order-lead-time-is-35-minutes-and-number-of-units-sold-per-time-is-400-units-then-reorder-point-will-be/#more-49063">Detailed SolutionIf purchase order lead time is 35 minutes and number of units sold per time is 400 units, then reorder point will be

Page 1Page 2Page 3Page 4Page 5
Test 1Test 2Test 3Test 4Test 5Test 6Test 7Test 8Test 9Test 10Test 11Test 12Test 13Test 14Test 15Test 16Test 17Test 18Test 19Test 20Test 21Test 22Test 23Test 24