Costing

✅ The correct answer is D.
Disability, making a worker unfit for work is not an avoidable cause of labour turnover.

✅ The correct answer is A.
Continuous budget is also known as rolling budget. A rolling budget is continually updated to add a new budget period as the most recent budget period is completed.

✅ The correct answer is A.
Process in which earned revenue is related to specific revenue object, which can cannot trace it in cost effective way is known as revenue allocation. Revenue allocation can be described as a method of sharing the centrally generated revenue among different tiers of government and how the amount allocated to a particular tier is shared among its components for economic development.

✅ The correct answer is B.
Value of sales considers sales value at split off method is of entire production of accounting period. The split-off point is the point at which joint production stops and processing for separate products begins. The relative-sales-value method allocates costs based on the relative sales value of each resulting from a joint-production process.

✅ The correct answer is A.
In cost accounting, conference, quantitative analysis and account analysis methods are considered as cost estimation methods. Cost estimation methods provide a way for companies to anticipate the costs involved in business operations and new undertakings.

✅ The correct answer is B.
Break-Even Point (Units) = Fixed Costs ÷ (Revenue per Unit – Variable Cost per Unit)
= 30000 ÷ (15 – 5)
= 3000 units.

✅ The correct answer is B.
An inventory, which consists of partially worked goods or work in progress is called work in process inventory. Work-in-process is an asset, and so is aggregated into the inventory line item on the balance sheet (usually being the smallest of the three main inventory accounts, of which the others are raw materials and finished goods).

✅ The correct answer is C.
Reorder point is divided by number of sold units for per unit of time to calculate purchase order lease time.

✅ The correct answer is D.
Approaches to allocate costs of support department do not include dual-rate cost-allocation method and single rate cost allocation method.

✅ The correct answer is D.
Annual relevant ordering cost
= (18000 ÷ (1500/150 × 100)) = $180