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CA Final Specialist Cost Management Techniques — practice questions — page 2

Explore 84 free Specialist Cost Management Techniques questions in CA Final Cost and Management Accounting. Open each question or exercise to read its content, reference answers and available explanation.

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Specialist Cost Management Techniques questions and exercises with answers

Showing questions 31–60 of 84.

Which DuPont and GM executive used ratios like TOC's about 1920?Read the answer and worked solution →The TA ratio is return per factory hour divided by what?Read the answer and worked solution →ABC assigns activity costs to products according to what?Read the answer and worked solution →Compared with conventional costing, ABC traces more of which cost to products?Read the answer and worked solution →What is the overhead assigned to an individual activity called?Read the answer and worked solution →Who first clearly defined ABC in 1987 in a book chapter?Read the answer and worked solution →Which consortium helped formalise ABC principles in the 1970s and 1980s?Read the answer and worked solution →Peter Drucker said ABC also records the cost of what?Read the answer and worked solution →Broad overhead rates can cause what between products?Read the answer and worked solution →ABC assigns costs by finding which kind of relationship?Read the answer and worked solution →Greater automation lowers direct labour but raises which cost?Read the answer and worked solution →A weakness of ABC is that it treats fixed costs as if they were what?Read the answer and worked solution →Costs like the chief executive's salary, left unassigned in ABC, are called what?Read the answer and worked solution →ABC's applicability depends heavily on the cost of what?Read the answer and worked solution →Which ABC implementation step comes first?Read the answer and worked solution →Which approach avoids costly manual ABC and suits lean manufacturing?Read the answer and worked solution →In a TOC and ABC study, identifying cost drivers resembles finding what?Read the answer and worked solution →Which metrics gained ground over ABC in the 1990s?Read the answer and worked solution →Who showed in 1911 the practices ABC later systematised?Read the answer and worked solution →Whole-life cost is also known by which name?Read the answer and worked solution →Whole-life cost is commonly referred to as which kind of cost?Read the answer and worked solution →Whole-life costing brings which costs into decisions, beyond up-front capital cost?Read the answer and worked solution →Which option is typically chosen in whole-life economic appraisal?Read the answer and worked solution →What name is whole-life cost given in IT purchases?Read the answer and worked solution →TCO differs from TCA, which stands for what?Read the answer and worked solution →Which firm popularised the term TCO in 1987?Read the answer and worked solution →Over an asset's life, maintenance spend can be what versus initial cost?Read the answer and worked solution →Past asset investment often favoured expedient design and what?Read the answer and worked solution →Backflush accounting is used in which operating environment?Read the answer and worked solution →Backflushing uses which costs to work out manufacturing costs?Read the answer and worked solution →

Worked practice questions

Which DuPont and GM executive used ratios like TOC's about 1920?

  1. Donaldson Brown
  2. Robert Kaplan
  3. Henry Gantt
  4. Frederick Taylor
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Correct answer: A. Donaldson Brown

Donaldson Brown used a similar set of ratios to evaluate traditional financial data, without advocating new accounting methods.

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The TA ratio is return per factory hour divided by what?

  1. Cost per factory hour
  2. Overhead per unit
  3. Return per unit sold
  4. Cost per unit made
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Correct answer: A. Cost per factory hour

Return per factory hour is compared with the cost of running the factory for that hour.

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ABC assigns activity costs to products according to what?

  1. Direct labour hours
  2. Actual consumption
  3. Selling price share
  4. Equal division
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Correct answer: B. Actual consumption

Each product bears activity cost in proportion to the amount of the activity it actually uses.

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