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

See similar textbooks

Similar questions

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.
d. Perpetual system, LIFO cost flow. e. Periodic system, weighted-average cost flow. f. Perpetual system, moving-average cost flow.
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
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.
Define and explain contribution margin ratio.
Which costs are assigned using the weighted-average method?
Which of the following is not an operating budget? A. sales budget B. production budget C. direct labor budget D. cash budget
In the cost equation Y=a+bx, Y represents which of the following? A. fixed costs B. variable costs C. total costs D. units of production
Can you label revenue, loss, total costs, dollars, variable cost, and fixed cost on the provided chart?
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.

SEE MORE QUESTIONS

Recommended textbooks for you

Quickbooks Online Accounting

Accounting

ISBN:

9780357391693

Author:

Owen

Publisher:

Cengage

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Principles of Cost Accounting

Accounting

ISBN:

9781305087408

Author:

Edward J. Vanderbeck, Maria R. Mitchell

Publisher:

Cengage Learning

Quickbooks Online Accounting

Accounting

ISBN:

9780357391693

Author:

Owen

Publisher:

Cengage

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Principles of Cost Accounting

Accounting

ISBN:

9781305087408

Author:

Edward J. Vanderbeck, Maria R. Mitchell

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS

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