Accounting MCQs

1590 MCQs  (Page 101 of 159)

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The method which allocates the cost of support department to only operating departments is called ___________?
A. Indirect method
B. Direct method
C. Step down method
D. Reciprocal method
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The second ranked product in incremental revenue allocation method is termed as __________?
A. Primary product
B. First incremental product
C. Second incremental product
D. Third incremental product
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The package which consists of two or more products to be sold for single price, but components of products in package have separate stand-alone price is called ___________?
A. Step down product
B. Dual mix product
C. Bundled product
D. Reciprocal product
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The approaches to allocate costs of support department do not include ___________?
A. Sales mix allocation method
B. Dual-rate cost-allocation method
C. Single rate cost allocation method
D. Both b and c
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The method of revenue allocation, which ranks products included in bundle according to predetermined criteria of management is known as _____________?
A. Step down allocation method
B. Stand-alone revenue allocation method
C. Incremental revenue allocation method
D. Revenue mix allocation method
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The department which directly adds value to product or service is known as __________?
A. Production department
B. Operating department
C. Allocation base department
D. Both a and b
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The cost of new machine is considered as ______________?
A. Relevant
B. Bunk
C. Dispose value
D. Sunk
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The department which provides assisting services to internal departments is classified as __________?
A. Supply department
B. Support department
C. Production department
D. Allocation base department
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Buying of goods or services from suppliers or vendors of some other country instead of local supplier is classified as _________?
A. Outsourcing
B. Insourcing
C. Idle sourcing
D. Sunk sourcing
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In relevance concepts, the relevant revenues are also termed as ___________?
A. Parallel revenues
B. Abnormal revenues
C. Expected future revenues
D. Serial revenues
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Word of the Day
18 Jul
Proactive
(of a person or action) creating or controlling a situation rather than just responding to it after it has happened.
فعال، پیش قدمی کے ذریعے صورتحال پر قابو پانیوالا

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