Absorption costing is also known as

Related MCQs

• Which of the following statements are true? (a) Marginal costing is not an independent system of costing. (b) In marginal costing all elements of cost are divided into fixed and variable components. (c) In marginal costing fixed costs are treated as product cost. (d) Marginal costing is not a technique of cost analysis.
• Marginal costing is also known as Direct costing
• Under absorption costing, managerial decisions are based on
• To establish an effective system of standard costing it is essential that 1) The technical process of operation should be prone to planning 2) The cost of the products should be given 3) The process or operating costs of products should be provided 4) The standard costing should be consistent with the technical procedure of the production of the specific entity
• Which of the following is not a method of cost absorption?
• Which of the following is an advantage of standard costing?
• Which of the following costing activities is associated with the financial accounting system?
• Investment costing Rs.50,000 at the loss of Rs.3,000 cash outflow in investing activity is --------
• Which of the following are tools of management accounting? A) Decision accounting B) Standard costing C) Budgetary control D) Human Resources Accounting
• (A Company has a standard of 1 direct labor hour per unit at Rs.12 per hour. 3,850 labor hours costing Rs.46,970 were used to produce 4,000 units.) Company’s labor price variance is