A costing system, which focuses on individual activities as particular cost object is classified as

A activity based costing
B improved costing
C learned improvements
D positive effectiveness

Correct Answer: activity based costing

A costing system, which focuses on individual activities as particular cost object is classified as activity based costing. Activity-based costing (ABC) is a costing method that assigns overhead and indirect costs to related products and services.
Bissoy MCQ
#Management #Management Accounting

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
Costing system, in which individual activities are identified as cost object is considered as
A manufactured costing
B activity based costing
C allocation costing
D base costing
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
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
Method which ranks cost object incurred by individual users, in ranking order of more responsible users is classified as
A bundled products allocation method
B variable cost allocation method
C stand-alone cost allocation method
D incremental cost allocation method
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
Two lots of onions with equal quantity, one costing Tk. 10 per kg and the other costing Tk. 15 per kg are mixed together and whole lot is sold at Tk. 15 per kg . What is the profit or loss?
A 10% loss
B 10 % profit
C 20% loss
D 20% profit

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