Which one is a controllable cost? Select one: O a. Office salary O b. Cost of Raw material O c. Rent Factory

Q: How does a service company calculate unit cost per service?

A: Unit service cost refers to the cost that is incurred for providing the service. It is a concept…

Q: On assigning costs to different products. What is the benefit of cost assignment? How does this aid…

A: The cost assignment refers to the process where the costs are allocated to the objects or activities…

Q: Which of the following is an indirect cost? a. Raw material cost b. Manufacturing supplies c.…

A: Introduction: Indirect costs: Costs which are not directly related to the manufacturing of the…

Q: Why are product costs sometimes called inventoriable costs? Describe the flow of such costs ina…

A: Product costs: The costs incurred to acquire the merchandise, ship the stock, prepare the…

Q: Which of the following will be included in manufacturing overhead costs? O A. Salaries of salesmen O…

A: Manufacturing overhead cost refers to those indirect factory related cost which is incurred in order…

Q: Case Study: Cost Accounting for Operational Efficiency and Decision-Making introduction: Cost…

A: Cost Accounting -One type of management accounting system called cost accounting is used to assess…

Q: Prime cost consists of: Select one: O A. Direct labour O B. Direct materials and direct labour C.…

A: Factory overheads is the amount of indirect expenses which are not directly identifiable to the…

Q: The difference between marginal costing and absorption costing net income centres on how to account…

A: Absorption costing means that inventory is valued at total manufacturing cost including fixed…

Q: What is meant by the statement that “labor costing is related to motion costing”

A: Labor Cost- Labor is the only factor in the organization which have unlimited productivity. Labor…

Q: Describe different types of cost behavior in relation to production and sales volume.

A: Introduction: Cost behavior: Cost behavior refers to the indicator that reflects the information…

Q: Identify each of the following costs as either a product cost (PROD) or a period cost (PER). Office…

A: Definition: Office manager salary

Q: Under variable costing, which of the following are costs that can be inventoriec Select one: O a.…

A: The inventoriable costs are the costs that are directly related to the production. These costs are…