Full cost transfer price is also termed as:

• A) negotiated margin-plus price
• B) negotiated mark-up price
• C) full cost mark-up price
• D) full cost margin-plus price

According to the surveys, less than 10% of companies transfer prices at ________.

• A) fair price
• B) relative price
• C) marginal cost
• D) transfer price

Which of the following items does not affect the cash flows?

• A) Selling expenses
• B) Revenues
• C) Depreciation
• D) Admin expenses

If machining cost is Rs. 12 per hour and 15% decrease is expected by implementation of JIT system. What will be net effect when 850 machine hours are used for the production?

• A) Rs. (1,280)
• B) Rs. (1,080)
• C) Rs. (1,530)
• D) Rs. (580)

In target costing, marketing factors and customer research provide the basis for determining __________.

• A) manufacturing costs
• B) cost price
• C) selling price
• D) overhead costs

If quantity of resources consumed by particular cost object is difficult of measure directly, then which of the following process of assigning costs is adopted?

• A) Overhead costing process
• B) Direct cost tracing process
• C) Cost allocation process
• D) None of the given options

Evaluation of strategic options is the _______ stage of planning process.

• A) second
• B) fifth
• C) third
• D) first

Which one of the following is considered a pricing policy?

• A) Price negotiation
• B) Price penetration
• C) Price taking
• D) Price keeping

Implementation of long-term plans is the ________ stage of planning process.

• A) Third
• B) Forth
• C) Sixth
• D) Fifth

Traditional costing refers to:

• A) Direct labor costs + overheads
• B) Direct material costs + Direct Labor costs
• C) Direct material costs + conversion costs
• D) All of the given options

Which of the following information is an important input for concluding the pricing decisions?

• A) Market Information
• B) Costing Information
• C) Accounting Information
• D) Management Information

Unit-level activities are also known as:

• A) Volume-related activities
• B) Overhead-related activities
• C) Cost-related activities
• D) Production-related activities

Unit price of product A is Rs. 500 and total units sold are 535. What will be the total revenue of product A?

• A) Rs. 250,000
• B) Rs. 225,000
• C) Rs. 267,500
• D) Rs. 286,225

Which of the following is the fuction of any budget?

• A) All of the given options
• B) control of activities
• C) motivation of managers
• D) communication of plans

Processing a purchase order refers to:

• A) Facility-sustaining activities
• B) Product-sustaining activities
• C) Unit-related activities
• D) Batch-related activities

In ABC based profitability analysis, costs are categorized according to their __________ levels.

• A) hierarchical
• B) production
• C) mechanical
• D) All of the given options

Which one of the following is considered as pricing policy?

• A) Price taking
• B) Price keeping
• C) Price skimming
• D) Price negotiation

In ________ systems, the overheads are assigned accrding to the activities.

• A) Action based costing
• B) Area based costing
• C) Allocation based costing
• D) Activity based costing

________ is the first stage of product life cycle.

• A) Introduction
• B) Maturity
• C) Decline
• D) Growth

In activity based costing profitability analysis, we categorize costs according to their __________ levels.

• A) All of the given options
• B) Hierarchical
• C) Mechanical
• D) Production