Costing

✅ The correct answer is D.
If net realizable value is $20000 and separable costs are $18000, then final sales will be $38,000.
Final Sales = Net Realizable value + Separable costs
= $20000 + $18000 = $38000.

✅ The correct answer is A.
Budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to budget production. The production budget contains details of the number of units that are intended to be produced by a business in a particular period.

✅ The correct answer is A.
Manufacturing overhead = Manufacturing indirect cost ÷ Cost allocation base
= $2250000 ÷ 2800 = $803.571 per labour hour

✅ The correct answer is B.
Examples of nonlinear cost functions are step cost functions. The NCF represents a nonlinear multivariate functional of state variables.

✅ The correct answer is B.
Wages paid to workers of factory are termed as overtime premium. An overtime premium is the additional payment made to an employee for hours worked in excess of 40 hours per week.

✅ The correct answer is A.
Significant feature of Kaizen Budgeting is employee suggestion. Kaizen budgeting takes the concept of continual improvement and applies it to budgets and budget forecasting.

✅ The correct answer is C.
Method of revenue allocation, which ranks products included in bundle according to predetermined criteria of management is known as incremental revenue allocation method. The ranking of the individual products in the suite determines the revenues allocated to them.

✅ The correct answer is B.
An estimation of relationship between two or more independent variables and dependent variable is classified as multiple regression. Multiple regression is an extension of simple linear regression. It is used when we want to predict the value of a variable based on the value of two or more other variables.

✅ The correct answer is C.
Third step in estimation of cost function, by using quantitative analysis is collection of data for dependent variable and cost driver.

✅ The correct answer is A.
Indirect materials can be apportioned on the basis of direct material. Indirect materials are materials used in the production process, but which cannot be linked to a specific product or job.