Reference no: EM132930394

Problem 1: A significant element of cost focus is that

a) It utilizes just monitory data

b) It has plainly characterized limits

c) It might be one explicit area in particular

d) It should be a space of business through which item pass

Problem 2: The term cost alludes to

a) An resource that has given advantage and is presently terminated

b) The cost of item sold or benefits delivered

c) The worth of penance made to require products or administration

d) The present worth of future advantage

Problem 3: Direct material is a

a) Manufacturing cost

b) Administration cost

c) Selling and circulation cost

d) Factory overhead

Problem 4: Cost bookkeeping arose principally by virtue of

a) Statutory necessities

b) Competition on the lookout

c) Limitation of monetary bookkeeping