Managerial Accounting – NBC Institute

MI – May 2016 – L1 – SA – Q3 – Cost Classifications

Identify which characteristic is not true for not-for-profit organizations.

Question

Which of the following is similar to accounting for scrap value of abnormal gain?

A. Accounting for scrap value of abnormal loss
B. Accounting for scrap value of normal loss
C. Accounting for scrap value of normal gain
D. Accounting for scrap value of by-products
E. Accounting for scrap value of joint products

Answer

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Tags: Cost Elements, Managerial Accounting, Not-for-profit
Level: Level 1

Topic: Cost Classifications
Series: MAY 2016

MI – May 2016 – L1 – SA – Q2 – Accounting for Cost Elements

Identify the item not included in the cost of inventory in storage.

Question

Which ONE of the following is NOT included in the cost of inventory in storage?

A. Direct materials cost
B. Direct labour cost
C. Direct expenses
D. Period cost
E. Production overhead

Answer

Find Related Questions by Tags, levels, etc.

Tags: Inventory Costing, Managerial Accounting, Period Cost
Level: Level 1

Topic: Accounting for Cost Elements
Series: MAY 2016

MI – May 2016 – L1 – SA – Q3 – Cost Classifications

Identify which characteristic is not true for not-for-profit organizations.

Question

Which of the following is similar to accounting for scrap value of abnormal gain?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cost Elements, Managerial Accounting, Not-for-profit
Level: Level 1

Topic: Cost Classifications
Series: MAY 2016

MI – May 2016 – L1 – SA – Q2 – Accounting for Cost Elements

Identify the item not included in the cost of inventory in storage.

Question

Which ONE of the following is NOT included in the cost of inventory in storage?

A. Direct materials cost
B. Direct labour cost
C. Direct expenses
D. Period cost
E. Production overhead

Answer

Find Related Questions by Tags, levels, etc.

Tags: Inventory Costing, Managerial Accounting, Period Cost
Level: Level 1

Topic: Accounting for Cost Elements
Series: MAY 2016

Question Tag: Managerial Accounting

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MI – May 2016 – L1 – SA – Q3 – Cost Classifications

Identify which characteristic is not true for not-for-profit organizations.

MI – May 2016 – L1 – SA – Q2 – Accounting for Cost Elements

Identify the item not included in the cost of inventory in storage.

MI – May 2016 – L1 – SA – Q3 – Cost Classifications

Identify which characteristic is not true for not-for-profit organizations.

MI – May 2016 – L1 – SA – Q2 – Accounting for Cost Elements

Identify the item not included in the cost of inventory in storage.

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Question Tag: Managerial Accounting

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MI – May 2016 – L1 – SA – Q3 – Cost Classifications

Identify which characteristic is not true for not-for-profit organizations.

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MI – May 2016 – L1 – SA – Q2 – Accounting for Cost Elements

Identify the item not included in the cost of inventory in storage.

You're reporting an error for "MI – May 2016 – L1 – SA – Q2 – Accounting for Cost Elements"

MI – May 2016 – L1 – SA – Q3 – Cost Classifications

Identify which characteristic is not true for not-for-profit organizations.

You're reporting an error for "MI – May 2016 – L1 – SA – Q3 – Cost Classifications"

MI – May 2016 – L1 – SA – Q2 – Accounting for Cost Elements

Identify the item not included in the cost of inventory in storage.

You're reporting an error for "MI – May 2016 – L1 – SA – Q2 – Accounting for Cost Elements"

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