ACC306 Tma
A system that does not react to changes in its environment is
closed system
The method of depreciation that adopts uniform charges over the useful years of an asset is
straight line method
One of the items below can lead to a difference between the net profit calculated using marginal costing and absorption costing
effect of closing or opening stock
Job costing is sometimes referred to as
terminal costing
The rate at which overheads are spread among the cost units is
overhead absorption rate
One of these is not an approach to the problems of cost forecasting
consumer engineering approach
A pricing method where issues are priced at the price of the most recent item is
LIFO
The first step of activity based costing system is
identify the main activities in an organisation
One of these is not a problem a profit center encounters
investment opportunity
All of these are costing techniques except
budgeting costing
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