The normal activity range in which there is relationship between activity and costs is classified as _____________?
A. relevant range B. irrelevant range C. cause range D. effective range
Accounting MCQs with Answers
If the cost per unit is $50 and the total number of units manufactured in company are 5000, then the total manufacturing cost will be __________?
A. $220,000 B. $232,000 C. $250,000 D. $25,000
If the cost per unit is $70 and the total number of units manufactured in company are 6000, then the total manufacturing cost would be _____________?
A. $240,000.00 B. $320,000 C. $210,000 D. $420,000
An ability of an accounting system, to point out the use of resources in every step of production process is called ___________?
A. back-flush trails B. audit trails C. trigger trails D. lead manufacturing trails
The costs associated with storage of finished goods such as spoilage, obsolescence and insurance of goods are classified as ___________?
A. carrying costs B. purchasing costs C. stock-out costs D. ordering costs
An example of shrinkage costs is _____________?
A. incoming freight B. storage costs C. insurance D. clerical errors
A push through system, according to which goods are manufactured for finished inventory solely, on the basis of forecasted demand can be classified as ___________?
A. in-time production B. materials requirement planning C. on-time production D. pull strategy of production