In responsibility cost accounting the costs in focus are

Related MCQs

• The management accounting can be stated an extension of A) Cost Accounting B) Financial Accounting C) Responsibility Accounting
• The management accounting can be stated an extension of (i) Cost Accounting (ii) Financial Accounting (iii) Responsibility Accounting
• Which of the following statements are false about management accounting? (i) Management accounting is concerned with historical events. (ii) Management accounting is related only with such instances which can be expressed in monetary terms. (iii) Management accounting is a part of Financial Management (iv) Management accounting information can be disclosed to outsiders.
• Which of the following is true about management accounting? A) Management accounting is associated with presentation of accounting data. B) Management accounting is extremely sensitive to investors needs.
• Which of the following is true about management accounting? (i) Management accounting is associated with presentation of accounting data. (ii) Management accounting is extremely sensitive to investors needs.
• The management accounting can be stated an extension of I)Cost Accounting II)Financial Accounting
• The responsibility accounting is a system by which the responsibility is assigned to the concerned persons -
• An indirect setup labor costs, costs of setup and equipment maintenance and costs of indirect material can be categorized as
• Which statement is true.I)Financial accounts are prepared according to Accounting Standards. II)Management Accounting reports are also prepared according to accounting standard.
• Management Accounting is and financial accounting differ in that management accounting information is prepared –