A budget for a single unit of a product or service is calleda. fixed costb. real costc. total costd. standard cost

Correct Answer:d. standard cost Explanation:A budget for a single unit of a product or service…

Answered: A budget for a single unit of a product…

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter8: Budgets And Bank Reconciliations

Section: Chapter Questions

Problem 1Q

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This type of standard specify how much should be paid for the quantity of the input to be used. Group of choices: Price standard Quantity allowed Quantity standard Budget allowed
Cost information is required for: Select one: O A. Pricing decisions O B. Valuation of inventories O C. Preparation of cost budgets O D. All of the above.
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Which of the following is a basic element of effective budgetary control?a. cost behavior patternsb. cost-volume-profit analysisc. standard costingd. all of the above
Explain cost of goods sold budget.
Financial Account
Both the equivalent units schedules and the physical flow are prerequisites to calculating the a.unit cost. b.cost reconciliation. c.weighted average. d.operating costs.
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A cost which changes in proportion to changes in volume of activity is called a: * a. fixed cost b. controllable cost c. variable cost d. opportunity cost
Total variable costs are deducted from Total mixed costs to obtain which of these? Group of answer choices Budgeted costs. Mixed costs per unit. Fixed costs per unit. Total fixed costs.

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A budget for a single unit of a product or service is called a. fixed cost b. real cost c. total cost d. standard cost