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Methods Of Costing Quiz 1 (10 MCQs)

Quiz Instructions:

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1. Why should you produce a costing method for your promotional plan?
2. Which of the following is a viable option for computing Cost of Goods Sold?
3. What are the missing words in this definition of 'The Pound Approach' costing method? "Method based on what company t _____ k the company can afford I _____ d of the company's sales"
4. What are the missing words in the following definition of the "Matching Competitors" costing method? A _____ e and estimate what the competition is spending and c _____ y them
5. You have chosen a Costing Method which allocates a specified percentage of your sales revenue to your marketing plan-which method is this?
6. You have allocated your marketing budget based on what you think you can afford. What Costing Method is this?
7. Job costing is normally used in below situation EXCEPT:
8. You have decided to cost your marketing plan by estimating the cost in reflection of your marketing objectives. What Costing Method is this?
9. In a job order costing system, which of the following costs is not an example of non-production overhead cost?
10. How many Chapters you have learn so far in this ACC416 subject?

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