11. Choose the scope of cost accounting that is primarily prepared for different level of management. a.Cost accounting b.Cost reports c.Cost analysis d.Cost comparison 12. according to which method of pricing, issues are made with the current market price. a.First in first out b.Simple average c.Weighted average d.Last in first out

11. Choose the scope of cost accounting that is primarily prepared for different level of management. a.Cost accounting b.Cost reports c.Cost analysis d.Cost comparison 12. according to which method of pricing, issues are made with the current market price. a.First in first out b.Simple average c.Weighted average d.Last in first out

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter8: Inventories: Special Valuation Issues

Section: Chapter Questions

Problem 17GI

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Tracking the cost of product is belong to the cost accounting Select one: O True O False Pre am Jump to... Return to: General
Select which one is the method for ‘material issue pricing’. a. Weighted average method b. ABC analysis c. Reorder level d. Economic order quantity
Target cost = Selling price - ______________. a. Cost b. Profit margin c. Revenue d. Expenses
The branch of accounting that deals in particular with the different cost concepts in order to arrive for the indicating the selling price is Select one: a. Cost Accounting b. Financial Accounting C. Management Accounting d. Financial and Management Accounting
With respect to cost classifications for preparing financial statements:a. What is the total product cost?b. What is the total period cost?
d. Perpetual system, LIFO cost flow. e. Periodic system, weighted-average cost flow. f. Perpetual system, moving-average cost flow.
The term relevant range in cost accounting means the range over whicha. Cost may fluctuate.b. Cost relationships are valid.c. Production may vary.d. Relevant costs are incurred.
What is Re-order quantity? What is Re-order level? What is Maximum stocklevel? With respect to cost accounting explain the above.
20. Select which of the following requires a separate measurement of cost. a.Number b.Activity c.Area d.Volume 21. Select the objective of cost accounting which helps the management in doing the business efficiently. a.Guide to business policy b.Cost control and reduction c.Determination of selling price d.Ascertainment of time
The gross-margin format is used for A. mixed costing income statement B. absorption costing income statement C. variable costing income statement D. standard costing income statement
.Which of the following is the format of the income statement that is MOST useful in decision-making? Select one: A.Contribution margin format B.Absorption costing format C.Single-step format D.Multiple-step format
Which objective of cost accounting classifies and analyzes cost date for measuring efficiency? a. Guide to business policy b. Determination of selling price c. Cost control and reduction d. Measuring and improving performance