The costing system, which omits some of the journal entries in accounting system is known as ____________?
A. in-time costing B. trigger costing C. back flush costing D. lead time costing
Accounting MCQs with Answers
The stage in manufacturing cycle at which journal entries are made in system of accountancy is known as _________?
A. chaining point B. recording point C. lead point D. trigger point
The reorder point is divided by number of sold units for per unit of time to calculate ___________?
A. relevant carrying cost B. relevant ordering cost C. purchase order lease time D. number of purchase orders
The purchase order lead time is multiplied to the number of units sold per unit of time, to calculate ____________?
A. carrying costs B. relevant total costs C. economic order quantity D. reorder point
The relevant ordering costs are added into relevant carrying costs to calculate __________?
A. relevant total costs B. contribution costs C. throughput costs D. optimized costs
The term which describes the assigning of indirect cost, to any cost object is classified as ___________?
A. cost allocation B. sales tracing C. sales allocation D. cost tracing
In normal costing, the situation in which the allocated amount of indirect cost is greater than the incurred cost, is considered as _____________?
A. incurred indirect cost B. over allocated indirect cost C. applied indirect cost D. applied direct cost
A group of individual indirect cost item is defined as ___________?
A. direct pool B. cost pool C. indirect pool D. item pool
An average unit cost, applicable to each similar produced unit is classified as __________?
A. per unit cost B. per post cost C. per price cost D. application cost
The single or multiple units of distinct services or products are classified as _________?
A. cost B. job C. post D. price