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Introduction To Cost Accounting Quiz 14 (20 MCQs)

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1. Compute the conttribution margin for David 18 Factory if the following data is given:Variable Selling and distribution 24 500Cost of good sold (COGS)RM197 500Sales 15 000 unitSales price Rm18
2. In electricity supply company uses _____ as cost unit.
3. A persons who are directly involved in the production of a good.
4. Which of the following document is used for issuing materials to different production department?
5. Which is true about process costing?
6. The number of units in the sales budget and the production budget may differ because of a change in:
7. _____ is location, person or item of equipment for which cost may be ascertained.
8. Interest on capital invested is an example of _____
9. As volume increases, average cost per unit
10. Prime Cost + Conversion Cost
11. Mixed cost is also known as:
12. Nic Company consumed P450, 000 worth of direct materials during May 2020. At the end of the month, the direct materials inventory was P25, 000 lower than the May 1 inventory. How much is the direct materials purchased during May 2020?
13. Inventoriable Cost
14. In which of the following incentive plans of wage payment, wage on time basis are not guaranteed?
15. Administration overheads are recovered as a percentage of
16. Which of the following considers an 'economic quantity' for the purpose of cost reduction?
17. Which of the following is the basic document that is used to accumulate the cost of each order in job order costing?
18. It is sacrificed resource to achieve a specific objective
19. Work in process inventory on December 31, 2030 is P273, 000. Work in process inventory decreased by 40% during 2030. Total manufacturing cost urred amount to P1, 690, 000. What is the cost of goods manufactured?
20. Choosing the appropriate level of capacity:
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