Costing - Study Mode
[#121] Elements of cost are
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(D) All of the above
[#122] . . . . . . . . is the maximum possible alternative earning that might have been earned if the productive capacity is put to some alternative use.
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(A) Opportunity
[#123] A capital investment is one that
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(A) has the prospect of long-term benefits
[#124] Which of the following are the benefits of responsibility accounting? I. It facilitates the centralization of decision-making. II. It provides a system of closer control. III. It measures the performance of individuals in an objective manner. IV. It develops a sense of cost-consciousness among managers and their subordinates.
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(B) II, III and IV
[#125] In automobile, . . . . . . . . costing is used.
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(C) multiple