Introduction to Cost Accounting

MI – May 2018 – L1 – SA – Q1 – Introduction to Cost Accounting

Identifying non-functions of cost accountants in an organization.

Question

Which of the following is NOT a function of the Cost Accountant?
A. Advising management on cost control
B. Preparing budgets
C. Purchasing materials with the cheapest costs
D. Compiling cost of production
E. Allocating indirect expenses to manufactured products

Answer

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Tags: Cost Accounting, Functions, Management Accounting
Level: Level 1

Topic: Introduction to Cost Accounting
Series: MAY 2018

MI – Nov 2014 – L1 – SA – Q10 – Introduction to Cost Accounting

Identify which report is NOT the responsibility of a Management Accountant.

Question

Which of the following reports is NOT the responsibility of a Management Accountant?

A. Operating Statement
B. Cash Flow Statement
C. Statement of Assets and Liabilities
D. Statement of Profitability Analysis
E. Statement of Costs and Variance Returns

Answer

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Tags: Accountability, Financial Reports, Management Accounting
Level: Level 1

Topic: Introduction to Cost Accounting
Series: NOV 2014

MI – May 2023 – L1 – SA – Q7 – Introduction to Cost Accounting

This question asks for the basic objective of cost accounting.

Question

The basic objective of cost accounting is:
A. Financial audit
B. Cost ascertainment
C. Cost allocation
D. Profit analysis
E. Cost production

Answer

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Tags: Cost Accounting, Cost Ascertainment, Objectives
Level: Level 1

Topic: Introduction to Cost Accounting
Series: MAY 2023

MI – May 2023 – L1 – SA – Q1 – Introduction to Cost Accounting

This question asks for the identification of a cost that cannot be easily or conveniently traced to a cost object.

Question

A cost that is not easily or conveniently traceable to a cost object is known as:
A. Collective cost
B. Untraceable cost
C. Objective cost
D. Indirect cost
E. Direct cost

Answer

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Tags: Cost Classification, Cost Object, Indirect Costs
Level: Level 1

Topic: Introduction to Cost Accounting
Series: MAY 2023

MI – May 2015 – L1 – SA – Q10 – Introduction to Cost Accounting

Identify the factor that does not contribute to good cost accounting information.

Question

Which of the following factors may NOT contribute to a good cost accounting information for management use?
A. Timeliness
B. Relevance
C. Accuracy
D. Efficiency
E. Clarity

Answer

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Tags: Cost Accounting, Information Quality, Multiple Choice, Objective Question
Level: Level 1

Topic: Introduction to Cost Accounting
Series: MAY 2015

MI – May 2018 – L1 – SA – Q1 – Introduction to Cost Accounting

Identifying non-functions of cost accountants in an organization.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cost Accounting, Functions, Management Accounting
Level: Level 1

Topic: Introduction to Cost Accounting
Series: MAY 2018

MI – Nov 2014 – L1 – SA – Q10 – Introduction to Cost Accounting

Identify which report is NOT the responsibility of a Management Accountant.

Question

Which of the following reports is NOT the responsibility of a Management Accountant?

A. Operating Statement
B. Cash Flow Statement
C. Statement of Assets and Liabilities
D. Statement of Profitability Analysis
E. Statement of Costs and Variance Returns

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accountability, Financial Reports, Management Accounting
Level: Level 1

Topic: Introduction to Cost Accounting
Series: NOV 2014

MI – May 2023 – L1 – SA – Q7 – Introduction to Cost Accounting

This question asks for the basic objective of cost accounting.

Question

The basic objective of cost accounting is:
A. Financial audit
B. Cost ascertainment
C. Cost allocation
D. Profit analysis
E. Cost production

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cost Accounting, Cost Ascertainment, Objectives
Level: Level 1

Topic: Introduction to Cost Accounting
Series: MAY 2023

MI – May 2023 – L1 – SA – Q1 – Introduction to Cost Accounting

This question asks for the identification of a cost that cannot be easily or conveniently traced to a cost object.

Question

A cost that is not easily or conveniently traceable to a cost object is known as:
A. Collective cost
B. Untraceable cost
C. Objective cost
D. Indirect cost
E. Direct cost

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cost Classification, Cost Object, Indirect Costs
Level: Level 1

Topic: Introduction to Cost Accounting
Series: MAY 2023

MI – May 2015 – L1 – SA – Q10 – Introduction to Cost Accounting

Identify the factor that does not contribute to good cost accounting information.

Question

Which of the following factors may NOT contribute to a good cost accounting information for management use?
A. Timeliness
B. Relevance
C. Accuracy
D. Efficiency
E. Clarity

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cost Accounting, Information Quality, Multiple Choice, Objective Question
Level: Level 1

Topic: Introduction to Cost Accounting
Series: MAY 2015

Topic: Introduction to Cost Accounting

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MI – May 2018 – L1 – SA – Q1 – Introduction to Cost Accounting

Identifying non-functions of cost accountants in an organization.

MI – Nov 2014 – L1 – SA – Q10 – Introduction to Cost Accounting

Identify which report is NOT the responsibility of a Management Accountant.

MI – May 2023 – L1 – SA – Q7 – Introduction to Cost Accounting

This question asks for the basic objective of cost accounting.

MI – May 2023 – L1 – SA – Q1 – Introduction to Cost Accounting

This question asks for the identification of a cost that cannot be easily or conveniently traced to a cost object.

MI – May 2015 – L1 – SA – Q10 – Introduction to Cost Accounting

Identify the factor that does not contribute to good cost accounting information.

MI – May 2018 – L1 – SA – Q1 – Introduction to Cost Accounting

Identifying non-functions of cost accountants in an organization.

MI – Nov 2014 – L1 – SA – Q10 – Introduction to Cost Accounting

Identify which report is NOT the responsibility of a Management Accountant.

MI – May 2023 – L1 – SA – Q7 – Introduction to Cost Accounting

This question asks for the basic objective of cost accounting.

MI – May 2023 – L1 – SA – Q1 – Introduction to Cost Accounting

This question asks for the identification of a cost that cannot be easily or conveniently traced to a cost object.

MI – May 2015 – L1 – SA – Q10 – Introduction to Cost Accounting

Identify the factor that does not contribute to good cost accounting information.

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Identifying non-functions of cost accountants in an organization.

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MI – Nov 2014 – L1 – SA – Q10 – Introduction to Cost Accounting

Identify which report is NOT the responsibility of a Management Accountant.

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MI – May 2023 – L1 – SA – Q7 – Introduction to Cost Accounting

This question asks for the basic objective of cost accounting.

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This question asks for the identification of a cost that cannot be easily or conveniently traced to a cost object.

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MI – May 2015 – L1 – SA – Q10 – Introduction to Cost Accounting

Identify the factor that does not contribute to good cost accounting information.

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MI – May 2018 – L1 – SA – Q1 – Introduction to Cost Accounting

Identifying non-functions of cost accountants in an organization.

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MI – Nov 2014 – L1 – SA – Q10 – Introduction to Cost Accounting

Identify which report is NOT the responsibility of a Management Accountant.

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MI – May 2023 – L1 – SA – Q7 – Introduction to Cost Accounting

This question asks for the basic objective of cost accounting.

You're reporting an error for "MI – May 2023 – L1 – SA – Q7 – Introduction to Cost Accounting"

MI – May 2023 – L1 – SA – Q1 – Introduction to Cost Accounting

This question asks for the identification of a cost that cannot be easily or conveniently traced to a cost object.

You're reporting an error for "MI – May 2023 – L1 – SA – Q1 – Introduction to Cost Accounting"

MI – May 2015 – L1 – SA – Q10 – Introduction to Cost Accounting

Identify the factor that does not contribute to good cost accounting information.

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