According to accounting system the collection of cost data, in an organized way is classified as ___________?
A. system accumulation B. accumulated data C. cost accumulation D. organized accumulation
Accounting MCQs with Answers
The relationship between change in activity and change in total costs is considered as __________?
A. fixed relationship B. cause and effect relationship C. ineffective relationship D. variable relationship
The process of assigning the indirect costs to any specific cost object is known as ___________?
A. economic cost B. cost tracing C. cost allocation D. non-economic costs
The process of tracing the direct costs and allocation of indirect costs is known as __________?
A. cost assignment B. direct assignment C. indirect assignment D. economic assignment
The cost which is changed in proportion to level the total volume is ___________?
A. fixed cost B. variable cost C. total cost D. infeasible cost
The cost, which is related to specific cost object and economically traceable, will be classified as _________?
A. direct cost B. indirect cost C. line cost D. staff cost
The costs are classified as fixed or variable on the basis of __________?
A. specific activity B. given time period C. common activity D. both a and b
The cost which remains unchanged, in proportion to level the total volume of production is classified as _________?
A. total cost B. infeasible cost C. fixed cost D. variable cost
The cost which is related to specific cost object and cannot be economically traceable is classified as ________?
A. line cost B. staff cost C. direct cost D. indirect cost
In accounting, the resources sacrifice for achieving or fulfill specific objective is known as _________
A. source cost B. sacrifice cost C. treated cost D. cost