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Cost & Management Accounting

Beschreibung

Cost & Management Accounting Revision
Pavan G
Quiz von Pavan G, aktualisiert more than 1 year ago
Pavan G
Erstellt von Pavan G vor etwa 8 Jahre
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Zusammenfassung der Ressource

Frage 1

Frage
[blank_start]Cost Objects[blank_end] are the lowest level where costs are accumulated
Antworten
  • Cost Objects

Frage 2

Frage
Prime Cost Consists of
Antworten
  • Direct Materials
  • Direct Labour
  • Direct Expenses
  • Factory Overhead
  • Manufacturing Cost

Frage 3

Frage
Which of the following about conversion Cost is true?
Antworten
  • Conversion cost consists of direct labour and factory overhead
  • Conversion Cost is also called Value-added cost.
  • It provides the information about how much the unit is spending to convert the materials or componenets into end product
  • If conversion cost is high, there is a scope to earn more profit
  • If conversion cost is low, there is a scope to earn more profit
  • cost relates to unit manufactured during the year
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