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Management accountin

QuestionAnswer
How does Total VC behave ? Change in direct proportion to the volume of activity
Fixed cost per unit rise as production increases True or False False
What can be a criticism of benchmarking? Difficult to find similar business and internal information
Business process reengineering means Rethinking of the process.
What is not a feature of JIT inventory management? Increase set up time.
What is not a balance score card perspective? Supplier
Product costs Product costs are the costs which are attached to the value of the manufactured items
Period Costs Period costs are the costs which are not attached to the value of the manufactured items but simply charged directly to the statement of profit or loss as an expense in the period they were incurred
Marginal cost The cost of producing one extra product
Absorption costing A method of costing which includes an apportionment of overhead into the calculation of unit cost
Created by: danfennell21
 

 



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