693. Cost of abnormal spoilage is not treated as

by
conversion costs
sunk costs
inventoriable costs
non inventoriable costs
✅ The correct answer is D.
Cost of abnormal spoilage is not treated as non inventoriable costs. Non-inventoriable cost are costs that are not included in the value of inventory, also known as non-manufacturing overhead. It includes Selling, General and Administrative expenses, and Interest expense.

692. Which of the following represents the rate at which a company can grow from internal sources?

by
return on assets
sustainable growth rate
adjusted EPS
return on equity
✅ The correct answer is B.
Sustainable growth rate represents the rate at which a company can grow from internal sources. The sustainable growth rate (SGR) is the maximum rate of growth that a company can sustain without having to finance growth with additional equity or debt.

690. In an accounting system, document which supports journal entries is classified as

by
cost document
priced document
source document
direct document
✅ The correct answer is C.
In an accounting system, document which supports journal entries is classified as source document. A source document is an original record which contains the detail that supports or substantiates a transaction that will be (or has been) entered in an accounting system.

686. State which of the following are the characteristics of service costing. 1. High levels of indirect costs as a proportion of total costs 2. Use of composite cost units 3. Use of equivalent units

by
(1) only
(1) and (2) only
(2) only
(2) and (3) only
✅ The correct answer is B.
The following that are the characteristics of service costing are High levels of indirect costs as a proportion of total costs and Use of composite cost units.

684. Which is a Premium receipt?

by
First Premium Receipt
Renewal Premium Receipt
Both A & B
None of the three
✅ The correct answer is C.
First Premium Receipt and Renewal Premium Receipt both are Premium receipt. Life insurance policy receipt issued upon payment of the first premium by an applicant. It makes the policy in force before the policy documents are issued, provided the applicant meets all requirements. Also called conditional receipt. Renewal premiums are the subsequent premiums that are paid by the insured to the insurer in order to keep the policy in operation and avail the benefits of the policy accordingly.

60. In the calculation of depreciation, all of the following items are actually estimates except:

by
Useful life
Residual value
Historical cost
Salvage value
✅ The correct answer is C.
In the calculation of depreciation, all of the following items are actually estimates except Historical cost. A historical cost is a measure of value used in accounting in which the price of an asset on the balance sheet is based on its nominal or original cost when acquired by the company.

664. Estimation of cost functions, an ignoring information from all points but considering two observation points can be classified as

by
disadvantage of low high method
disadvantage of high low method
advantage of high low method
advantage of low high method
✅ The correct answer is B.
Estimation of cost functions, an ignoring information from all points but considering two observation points can be classified as disadvantage of high low method.