Hypothetical costs which are specially computed outside the accounting system for the purpose of decision making are called

Related MCQs

• Sunk costs are ………………. for decision-making
• In an integrated accounting system the accounting entries for factory overhead absorbed would be :
• Certain overhead costs cannot be directly charged to a department or cost centres. The process of distribution of such overhead costs to various departments is called
• ……………………are costs which have been applied against revenue of particular accounting period.
• ……………..includes financial and cost accounting, tax planning and tax accounting.
• Cost Accounting has been developed becauseof……………… of Financial Accounting.
• Cost accounting has developed due to the ___________ of financial accounting
• Labour rate variance is computed by multiplying the
• The purchasing system where there is a separate purchasing department entrusted with the task of making all purchases is called
• Under integrated system of Accounting , purchase of raw material is debited to which account?