The 'Cost Concepts and Principles II' quiz assesses understanding of various costing methods suitable for different scenarios, such as interior decorating and hospitals, and explores different types of costs like historical, marginal, and imputed costs. It's designed for learners aiming to deepen their knowledge in cost accounting.
A. research and development cost
B. selling and distribution cost
C. interest on capital
D. all of these.
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A. pre-production cost
B. sunk cost
C. opportunity cost
D. imputed cost.
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A. job costing
B. contract costing
C. process costing
D. operating costing.
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A. job costing
B. unit costing
C. operating costing
D. no method is used.
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A. sunk cost
B. pre-production cost
C. opportunity cost
D. replacement cost.
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A. imputed costs
B. sunk costs
C. historical costs
D. opportunity costs.
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A. an opportunity cost
B. an imputed cost
C. a sunk cost
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A. production cost
B. marginal cost
C. total cost
D. cost of sales
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A. fixed cost
B. variable cost
C. semi-variable cost.
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