ACC313 Email: bbcnoun@gmail.com Whatsapp: 08131667008 One of the features of the â€!â€!â€|â€|...is that per unit variable cost remains unchanged Answer: variable cost It is important that managers figure out the manufacturing â€!â€|â€|...of a product before it goes into the production stage. Answer: cost The relatively new type of procedure that can be used as an inventory valuation method is â€|â€|â€|.. Answer: activity-based costing The which must be incurred in order to continue operations of the firm is called â€|â€|â€|... Answer: urgent costs â€!â€|â€!â€!â€!â€!â€|.is a summary of the companyVs expected cash inflows and outflows over a given period of time. Answer: a cash budget The â€!â€!â€!â€!â€|â€!â€|â€!. shows the difference between the actual costs incurred and the standard costs. Answer: material cost variance It should be noted that the total of direct expenses is Answer: prime cost The system of calculating the amount of money it takes to produce goods or operate a business meansâ€|â€!â€|in Accounting. Answer: costing Classification of costs based on the criteria of decision making can be done inâ€|â€!â€|â€! Answer: opportunity costs A costing method where the output of one department becomes the input of another department is calledâ€|â€!.. Answer: process costing Costs which contain a standing basic charge plus a variable charge per unit of consumption is known asâ€!â€|â€|â€!.. Answer: mixed cost Reasons for adopting a standard costing technique include all the following, exceptâ€|â€!â€!â€|â€! Answer: confidence of the users may be eroded The standards that are based on perfect operating conditions are Answer: ideal standards A budget which is designed to change in accordance with the level of activity attained isâ€!â€!â€|â€!â€!â€|... Answer: a flexible budget The method of costing used in those firms where production is made on continuous basis isâ€!â€|â€|... Answer: batch costing The following are the objectives of budgetary control exceptâ€!â€|â€|. Answer: to record the actual performance Cost accounting is basically application of the costing and â€|â€!â€!â€!â€!â€!â€!â€|.. principles. Answer: cost accounting The capacity that is not required is Answer: idle capacity The level of activity is the â€!â€!â€!â€!â€!â€!â€!â€!â€!â€!â€|â€! Answer: all of above The branch of accounting which aims at generating information to control operations is â€|â€| Answer: control accounting Email: bbcnoun@gmail.com Whatsapp: 08131667008