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Actvity quiz

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Samuel Perez

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Quiz may 12


Quiz may 12Version en ligne Actvity quiz par Samuel Perez 1 Definition of absortion costing a It is a method for calculating a company's net income from its gross sales. b It is a marketing strategy used to increase product visibility on social media. c Is a method of accounting for overheads, it is basically a method of sharing out overheads incurred amongst units produced. d It is a type of financial investment based on the diversification of fixed assets. 2 Efficiency ratio= a Expected hours to make outpout / Actual hours taken b Actual hours taken /Expected hours to make outpout 3 Productivity ratio = a Capacity ratio x Efficiency ratio b Efficiency ratio x Capacity ratio 4 What is the meaning of the acronym OAR ? a Operating Asset Ratio b Operational Audit Report c Official Accounting Record d Overhead absortion rates 5 What is one of the three stages of absorption costing? a Budgeting b Marketing c Allocation d Selling 6 In time work remuneration, how are wages calculated? a Hours worked × number of products b Hours worked × rate per hour c Days worked × rate per day d Bonus × performance 7 Which of the following is an example of a production overhead cost? a Raw materials b Sales commission c Factory rent d Direct labor 8 What is the first step in calculating the overhead absorption rate? a Apply the absorption rate to the cost unit b Estimate the activity level c Divide estimated overhead by activity level d Estimate the overhead likely to be incurred 9 Which of the following is one reason for using absorption costing? a To reduce marketing expenses b To calculate depreciation c To record employee bonuses d For inventory valuations 10 Absorption costing helps with inventory valuation? a True b False

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Quiz may 12

Test

À propos de cette activité

Créé par

Téléchargez la version pour jouer sur papier

Top Jeux

Test

Spanish Alphabet Listening

Test

Photosynthesis vs Cellular Respiration - Practice Quiz

Test

Practice Quiz - Punnett Square, Variation, and Mutations

Test

UPS 5 Seeing Habits Quiz

Test

Tissues - Practice Quiz

Quiz may 12Version en ligne

par Samuel Perez

Definition of absortion costing

Efficiency ratio=

Productivity ratio =

What is the meaning of the acronym OAR ?

What is one of the three stages of absorption costing?

In time work remuneration, how are wages calculated?

Which of the following is an example of a production overhead cost?

What is the first step in calculating the overhead absorption rate?

Which of the following is one reason for using absorption costing?

Absorption costing helps with inventory valuation?