In production, the variables such as level of activity or volume of company activity are known as ________?
A. cost drivers B. timed drivers C. variable drivers D. fixed drivers
Accounting MCQs with Answers
The direct cost assignment for specific cost object is classified as __________?
A. cost object line cost B. cost tracing C. cost object indirect cost D. cost object staff cost
In accounting, the cost incurred in past or in historical financial statements is classified as ________?
A. actual cost B. budgeted cost C. past cost D. incurred cost
The material or anything for which cost is to be measured is known as __________?
A. measurement object B. cost object C. accounting object D. budget object
The manager who is responsible for investments of the company, its costs and revenues is known as ______
A. profit center B. investment center C. cost center D. revenue center
An assignment of task for managers, who are accountable for their actions in controlling and budgeting of resources is classified as _________?
A. coordinating the company effort B. action plan C. action accountability D. project accountability
The segment of subunit of company, whose manager is responsible for specific set of instructions and activities perform is classified as _________?
A. subunit center B. instruction center C. responsibility center D. activity segment
The variance, if used to alert managers before time of the problem is called _________?
A. varied warning B. times warning C. managers warning D. early warning
An arrangement of line of authority within the company is classified as __________?
A. company structure B. organization structure C. line of authority D. line of responsibility
The variance used by managers to check whether the company has performed well and properly implemented the strategies is considered as ___________?
A. strategic implementation B. proper implementation C. performance evaluation D. well evaluated