Hybrid costing system, which is applied to batches of similar products, but are not identical is classified as

A incremental costing system
B split off costing system
C inventoriable costing system
D operation costing system

Correct Answer: operation costing system

Hybrid costing system, which is applied to batches of similar products, but are not identical is classified as operation costing system. Operation costing, also known as service costing, is a costing method that combines process costing and job costing.
Bissoy MCQ
#Commerce #Costing

Related Questions

Costing system, which is a combination of process costing and job costing system is classified as
A weighted costing system
B average costing system
C hybrid costing system
D double costing system
A fruit salad is made by mixing 3 kgs of mango costing Tk 120 per kg and 2kgs of papaya costing Tk 100 per kg and 2 kgs of grapes costing Tk 140 per kg. At what price (in Taka) per kg should the mixture be sold to make a profit of 25 percent?
A 125
B 150
C 175
D None of these
A candy dealer makes up a mixture of 3 parts of candy costing him Tk. 60 per pound with 2 parts of candy costing him Tk. 70 per pound and 2 parts of candy costing him Tk. 50 per pound. At what price per pound should he sell his mixture to make a profit of 25 percent?
A Tk. 50
B Tk. 60
C Tk. 70
D Tk. 75
Which of the following are products and services bought by final consumers for personal consumption? These include convenience products, shopping products, specialty products, and unsought products.
A Material and parts
B Consumer products
C Industrial products
D Capital items
A market structure in which many firms sell products that are similar but not identical is known as
A Monopolistic competition
B Monopoly
C Perfect competition
D Oligopoly
Method of costing that supports creation of value for customer by accounting whole value stream, rather than individual departments or products is classified as
A economic accounting
B back-flush accounting
C lean accounting
D lead accounting
If the average marks of three batches of 55,60 and 45 students respectively is 50,55 and 60, then the average marks of all the students is:
A 53.33
B 55
C 54.68
D None of these
Two types of tea, Sreemangal Red costing Tk. 50 per kg and Sreemangal Black costing Tk. 70 per kg, are mixed together to form a new blend of tea. If the new blend costs Tk. 58 per kg, how much of Sreemangal Red is required to make 10 kgs of the new blend?
A 6
B 5
C 7
D 4
A dishonest trader mixes 2kg of vegetable ghee costing Tk. 45 a kg with 3 kg of standard ghee costing Tk. 70 per kg. He sells the mixed ghee at Tk. 65 per kg. What is his percentage of profit?
A 25%
B 16.67%
C 8.33%
D 6%
How many kilogram of sugar costing TK. 9 per kg must be mixed with 27 kg of sugar costing TK. 7 per kg so that there may be a again of 10% by selling the mixture at TK. 9.24 per kg?
A 36 kg
B 42 kg
C 56 kg
D 63 kg

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