Which of the following is NOT an area where cost accounting assists management?

Cost Accounting

Passage
•
Business
•
10th Grade
•
Hard
MIN KYUNG KIM
FREE Resource
42 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A) Cost behavior
B) Cost-volume-profit relationships
C) Marketing strategies
D) Budgeting
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cost accounting helps in analyzing ______.
cost behavior
cost-volume-profit relationships
budgeting
all of the above.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for what a company gives up in resources to obtain a benefit or any other resource?
Profit
Cost
Revenue
Investment
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fill in the blank: Examples of resources a company can give up to produce a product include materials, electricity, depreciation, and ________.
A) Taxes
B) Labor and wages
C) Marketing
D) Insurance
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a category of cost?
Product cost
Period cost
Prime cost
Revenue cost
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fill in the blank: _______ cost refers to the potential benefit that is given up when one alternative is selected over another.
A) Fixed
B) Variable
C) Sunk
D) Opportunity
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the cost assigned to the manufacture of products and recognized for financial reporting when sold?
Product Cost
Overhead Cost
Direct Cost
Variable Cost
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