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ACC306 10/10

The basis for cost apportionment on rates and rent is….

Floor area

The method of charging overheads to cost units on the basis of benefit received from
the particular indirect activity e.g planning, setting e.t.c is called….
Activity based costing

One of the most important functions of cost department is to:

Assist in planning and control of materials, labour and overhead

The yardstick used by an organisation to measure performance is;

Profit

The responsibility center in which inputs are measured in terms of expenses and output
are measured in terms of revenue is regarded as….
Profit centres

The profit that arises from divisional operation which can be calculated without
arbitrarily apportioned head office costs is known as…..
Divisional profit

All except one of these is not among the divisions of wages control:
Retirement recording

The accounting system in which varaible costs are changed to cost units and fixed cost
of the period are written off in full against the aggregate contribution is termed….
Marginal costing

One of the following cost is not regarded as cost for planning and control:
Explicit cost

One of the following is not the responsibility of personnel department:

Cost reduction

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