Costing

✅ The correct answer is A.
As compared to cumulative average-time learning model, learning model which predicts more cumulative total time to produce more units is known as incremental unit time learning model.

✅ The correct answer is B.

✅ The correct answer is D.
Small residual terms and positive slope of line indicate directly proportion.

✅ The correct answer is D.
Third step in developing operating budget is making predictions about future. An operating budget is the annual budget of an activity stated in terms of Budget Classification Code, functional/subfunctional categories and cost accounts.

✅ The correct answer is A.
In production, variables such as level of activity or volume of company activity are known as cost drivers. A cost driver is the direct cause of a cost, and its effect is on the total cost incurred.

✅ The correct answer is C.
Activities related to coordinating, controlling and planning flow of inventory are classified as inventory management. Inventory management refers to the process of ordering, storing, and using a company’s inventory. These include the management of raw materials, components, and finished products, as well as warehousing and processing such items.

✅ The correct answer is C.
Slope coefficient = Difference in costs ÷ Difference in machine hours

Difference in cost = Difference in machine hours × Slope coefficient
= 50000 × 0.60 = $30,000

✅ The correct answer is B.
Method which divides support department cost into two dimensions such as fixed and variable cost pool is classified as dual-rate cost-allocation method. Allocations are performed in order to create financial statements that are in compliance with the applicable accounting framework.

✅ The correct answer is C.
Balance sheet, in which all costs of product that must be considered as its assets, is said to be Inventoriable costs. Inventoriable costs, also known as product costs, refer to the direct costs associated with the manufacturing of products for revenue generation.

✅ The correct answer is C.
In costing of project, wages paid to workers for unproductive work at time of material shortage is termed as idle time wages. The labour cost of normal idle time may be treated as an item of factory expenses and recovered as an indirect charge in case of indirect workers.