Q. The method of costing that supports creation of value for customer by accounting whole value stream, rather than individual departments or products is classified as

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Q. The reorder point is divided by number of sold units for per unit of time to calculate

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Q. Buying of goods or materials for production in a way that they are delivered directly on the manufacturing facility of company is called

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Q. The purchase order lead time is multiplied to the number of units sold per unit of time, to calculate

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Q. The costs of issuing purchase orders, making of delivery records for tracking payments and costs of inspection of items are classified as

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Q. The relevant ordering costs are added into relevant carrying costs to calculate

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Q. If the purchase order lead time is 35 minutes and number of units sold per time is 400 units, then reorder point will be

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Q. The budgeted total direct labor cost is divided with budgeted total direct labor, to calculate

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Q. The budgeted direct labor hours are multiplied to direct labor cost rate, to calculate

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Q. The term which describes the assigning of indirect cost, to any cost object is classified as

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Q. A document which contains information about the materials of specific product, in specific department comes under

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Q. If the budgeted annual indirect cost is $60000, budgeted annual quantity of cost allocation base is $3600, then budgeted indirect cost rate will be

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Q. An under allocated indirect cost is also called

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Q. In normal costing, the situation in which the allocated amount of indirect cost is greater than the incurred cost, is considered as

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Q. A group of individual indirect cost item is defined as

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Q. The total indirect cost in the pool by an actual quantity of cost allocation base, is used to calculate

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Q. An approach which yields the benefits of normal costing and the actual manufacturing overhead is classified as

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Q. The process of assigning the direct or indirect cost to any cost object is known as

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Q. An average unit cost, applicable to each similar produced unit is classified as

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Q. If the budgeted direct labor hours are 4550 and direct labor cost rate is $600 per labor hour then, total direct labor cost would be

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