Which of the following incentive method of wage payment is most suitable where quality and accuracy of work is of primary importance

Which of the following incentive method of wage payment is most suitable where quality and accuracy of work  is of primary importance

Time rate system                                                        

 Piece rate system

 Halsey premium system                               

Differential piece work system

Costs that are always relevant in decision making are

Fixed costs                                                                     

Sunk costs          

Variable costs                                                

Avoidable costs

A detailed plan showing how cash resources will be acquired and used over a specific time period

Labor budget                                                                 

Cash budget

Master budget                                                           

Continuous budget

When price fluctuate widely the method that will smooth out the effect of fluctuations is

LIFO                

FIFO    

Weighted average                

Simple average

Any cost that differs between alternatives in a decision making situation

Product cost                                                                  

Opportunity cost

Differential cost                                            

Process costing

Which of the following form must be filled out when inventory is to be removed from the materials inventory to be placed into production

Material requisition form                                         

Purchase order

Receiving report                                            

Purchasing requisition

The standard costing can be used along with

Marginal costing                                                          

Job and process costing

Absorption costing                                         

All of above

A cost which increases or decreases per unit when volume of output decreases or increases is

Direct cost

Variable cost

Fixed cost

Indirect cost

The type of accounting which reports financial and non-financial data about the cost of material and acquiring of resources is classified as:

Cost accounting                                            

 Material accounting             

Business accounting                                      

Supplies accounting

Total costs are comprised of

Variable cost plus fixed cost                          

Variable cost plus fixed plus semi variable cost

Fixed cost plus semi variable cost                 

Variable cost plus semi variable cost

The standard cost variance representing the difference between actual FOH and budgeted FOH based on actual hours worked is the

Efficiency variance                           

Spending variance                             

Volume variance                                            

Quantity variance

The labor which is related to the manufacturing of the product is classified as

direct manufacturing labor costs

indirect manufacturing labor costs

work in process cost

finished costs

The direct material costs are added into direct manufacturing costs to calculate

discuss costs

prime costs

resale cost

merchandise costs