A. economic cost
B. cost tracing
C. cost allocation
D. non-economic costs
Correct Answer: cost allocation ✔
Last Updated: May 11, 2023
Related MCQs
- If the units of normal spoilage are 150 and the total good units manufactured are 1500, then the normal spoilage rate would be __________?
- An amount of spoilage that is natural in any particular production process is classified as __________?
- The residual material which results from manufacturing products is called __________?
- The normal spoilage is subtracted from total spoilage to calculate __________?
- If the transferred out total cost is $1850000 and the number of good units (produced), then the cost per good unit transferred out and completed can be __________?
- The production units that do not meet customer specification, but can be sold to other customers as finished goods are classified as __________?
- The sum of beginning work in process inventory units and started units, is subtracted from the sum of ending work in process inventory units and transferred out units of goods, to calculate __________?
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- The types of spoilage include __________?
- The partial or completed units of manufactured goods, that do not meet customer specifications and get sold at reduced price or simply discarded, are called __________?
- The type of spoilage, which is considered as controllable and can be avoided is called __________?
- Total transferred-out cost plus normal spoilage is divided by number of goods units produced, to calculate __________?
- The cost of abnormal spoilage is not treated as __________?
- The costing, which explains how and when scrap affects the operating income of company is classified as __________?
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- The aspects of accounting for scrap includes __________?
- An example of rework is __________?
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- Which one of the following is an example of spoilage?
- In process and job costing system, the normal spoilage cost is considered as __________?
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- The third step in process costing system is to __________?
- If the cost incurred for work in process inventory is $350000 and total equivalent units completed till date are 3500, then weighted average cost will be __________?
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- If the beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and units completed in current period are 4000, then ending work in process equivalent units will be __________?
- If the beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and ending work in process equivalent units are 5000, then complete equivalent units in current period are __________?
- The cost of previous department is a part of __________?
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- The costing system, which is a combination of process costing and job costing system, is classified as __________?
- The total available assets are subtracted from idle assets to calculate
- The formal information systems, used in organizations to focus company’s learning and attention, given to the most important strategic issues are known as __________?
- The rupee amount for required return of investment is subtracted from income to calculate __________?
- An economic value added method is specific type of method to calculate __________?
- The after-tax average cost of the funds used by company in long run is equal to __________?
- A desire of an individual to give good performance for self-satisfaction is known as __________?
- In an accounting measurement, income and investment is divided to calculate _________?
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