611. An average cost is also known as?
(A) Variable cost
B) Unit cost
(C) Total cost
(D) Fixed cost
612. A typical factory overhead cost is?
(A) Distribution
(B) Internal audit
C) Compensation of the plant manager
(D) Design
613. All of the following are the features of fixed costs EXCEPT?
(A) Although fixed within a relevant range of activity level, they are relevant to decision-making when it is avoidable.
(B) Although fixed within a relevant range of activity level, they are relevant to decision-making when it is incremental.
(C) Generally, it is irrelevant
D) It is relevant to decision-making under any circumstances
614. Which of the given units can never become part of the first department of the Cost of Production Report?
A) Units received from the preceding department
(B) Units transferred to the subsequent department
(C) Lost units
(D) Units still in process
615. What will be the impact of normal loss on the overall per-unit cost?
A) Per unit cost will increase
B) Per unit cost will decrease
(C) Per unit cost remains unchanged
(D) Normal loss has no relation to unit cost
616. Which of the given is (are) the method(s) of measurement of Labor Turnover?
(A) Separation method
(B) Flux method
(C) Replacement method
D) All of the given options
617. Sales and purchase journal don’t record__________?
A: Credit sales
B: Credit purchases
C: Credit sales and purchases
D: Cash sales and purchases
618. Cash received from a debtor is recorded in which of the following SPECIALIZED journals?
A: Purchase journal
B: Sales journal
C: Cash receipts
D: Cash payments journal
619. Which of the following is a type of cash receipt journal + cash payment journal?
A: Bank statement
B: Statement of cash flow
C: Cash book
D: Cash documents
620. Cash purchases are recorded in which of the following specialized journals?
A: Purchase journal
B: Sales journal
C: Purchases return journal
D: Cash payments journal
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