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Sunday, June 6, 2010

Question no : 356 CO Product Costing

TERP10 Unit 13 Management Accounting 

The costing sheet in Product Cost Planning and Cost Object Controlling allows you to: 

(Select ONE best answer)

A)   Calculate the Direct and Indirect Labor costs of a product or production. 
B)   Calculate the Activity costs of a product or production. 
C)   Calculate the Cost estimate of a product or production. 
D)   Calculate the Overhead cost of a product or production. 
E)    A basis for the formulation of Activity-Based-Costing of a product or production. 

2 comments:

  1. In the costing sheet, you determine the following:

    . The direct costs to which overhead is applied (calculation base)
    . The conditions under which overhead is applied (dependency)
    . Whether overhead is calculated on a percentage basis or on a quantity basis
    . The amount of the overhead percentage, or the amount of overhead for each unit of measure
    . The validity period for the overhead
    . Which object (cost center or order) is credited, and under which cost element for actual postings (credit key)

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