Practice mode / Accounting Overhead cost is the total of A Option A: all indirect costs. B Option B: all direct costs. C Option C: indirect and direct costs. D Option D: all specific costs Correct answer A. all indirect costs. Show answer
Question 01 / Accounting Direct cost incurred can be identified with? A Option A: Each Department B Option B: Each unit of output C Option C: Each Month D Option D: Each Executive Correct answer B. Each unit of output Show answer Open question
Question 02 / Accounting The process of paying off debt over time in regular installment of interest & principal sufficient to repay the loan in fully by its maturity date. A Option A: Amortization B Option B: Loan Payment C Option C: Liability D Option D: Securitization Correct answer A. Amortization Show answer Open question
Question 03 / Accounting Find the cost of goods sold if goods are sold for 2,000 at 25% profit on cost? A Option A: 1,600 B Option B: 1,500 C Option C: 1,000 D Option D: 1,800 Correct answer B. 1,500 Show answer Open question
Question 04 / Accounting A Ltd. Has sales of 2,200, total fixed cost of 570, variable cost of 1,540, raw material consumed of ` 1,100, number of units sold 22,000. What shall be the BEP 9 in units) if raw material price is reduced by 2%? A Option A: 18,387 B Option B: 18,560 C Option C: 18,750 D Option D: 19,000 Correct answer A. 18,387 Show answer Open question
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