Costing - Study Mode

[#556] In an activity based costing implementation, product's diverse demand is based on
Correct Answer

(D) All of these
(H) all of above

[#557] Which of the following statements is correct in regards to Kaijen costing? 1. It is a system of cost reduction. 2. It is a system of continuous improvement without negative effects on the quality, staff and security. Select the correct answer:
Correct Answer

(C) Both 1 and 2

[#558] Match the following. List-I List-II a. Variable costing 1. Absorption costing b. Valuation of stock is higher 2. Fixed cost is excluded from inventory valuation c. Marginal and differential costs are same 3. Marginal costing d. Marginal costing 4. No change in fixed cost
Correct Answer

(B) a-3, b-1, c-4, d-2

[#559] Standard costs is . . . . . . . .
Correct Answer

(A) predetermined cost

[#560] Marginal cost is a:
Correct Answer

(A) Additional cost