The carrying costs of inventories and price discounts related to delayed deliveries are examples of _____________?
Correct answer: C. financial measuresGet Quality Software
- A. measures of growth and learning
- B. measures of internal business processes
- C. financial measuresGet Quality Software
- D. customer measures
Explanation
Inventory carrying costs and discounts granted because of delayed deliveries affect revenue, costs, and profitability, making them financial measures. Internal process measures would instead track activities such as setup time or cycle efficiency.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
Practise Cost Accounting
941 free Cost Accounting MCQs from Accounting, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Accounting questions like this
Accounting is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Cost Accounting questions
The sum of manufacturing and waiting time for an order is classified as ___________?
The statistical quality control is also called __________?
The sum of cost of direct materials, costs of buildings, equipment, research and development costs is classified as ___________?
The number of employees who left the company, divided by average number of employees to calculate the ratio is called _____________?
If the number of employees who left the job are 40, the total number of employees are 200, then the employee turnover ratio will be __________?
The cost operations such as wages, salaries, depreciation, utilities and rent are summed together to calculate __________?