Mcqs on cost accounting. MCQs; Papers; Definitions; Flashcards; Categories.

Mcqs on cost accounting Breaking Posts 6/trending/recent These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Management Studies (BMS) , Bachelor of Accounting and Finance (BAF) , Bachelor of Get Cost accounting Multiple Choice Questions (MCQ Quiz) with answers and detailed solutions. The transfer to P & L A/c will be (a) 1/3 rd of Notional profits, reduced in the ratio of cash received to work certified MCQs on Overheads-Cost & Works Accounting -II - Download as a PDF or view online for free. 775% 9. More MCQs on Cost Accounting. It consists of unique set of 100 objective questions on Cost and Management Accounting sequel to the need and suitability of students pursuing the aforesaid subject. . Common methods of measuring labour activity are at Production and Productivity level. Classifying a cost as either direct or . In accounting, decision-making is the process of choosing between two or more courses of action to achieve the desired outcome. VERY NICE. Information concerning A Ltd's single product is as follows Selling price ` 6 per unit, Variable production cost ` 1. Cost. the weighted average cost of capital b. Al. Com 3rd Sem Cost Accounting MCQs in Hindi are available online. The Flexible Budget Cost Accounting MCQ with Answers PDF: Flexible budget variance for the revenues of company is classified as; for online colleges for business Free Accounting MCQS Tests. Cost accounting mcqs. However, accounting costs could be classified as indirect or direct for businesses. The indirect costs are grouped in cost pools and then allocated by a common allocation base to the cost object. An organization’s break-even point is 4,000 units at a sales price of Rs 50 per unit, variable cost of Rs 30 per unit, and total fixed costs of Rs 80,000. October 19, 2017. of Page Views Categories MCQs on Transfusion Medicine (9) MCQs on Anesthesiology (11) In accounting, decision-making is the process of choosing between two or more courses of action to achieve the desired outcome. Summary: Cost accounting is a crucial aspect of financial management, providing insights into a company's production and operational costs. Fundamentals Of Cost Accounting – By William Lanen, Shannon Anderson Et. Cost incurred to secure orders 100 MCQs On COST ACCOUNTING AND MANAGEMENT ACCOUNTING <As prepared by Mr. These Mcqs are very helpful for the Preparation of various posts of Senior Auditor, Junior Auditor, Accountant and More MCQs on Cost Accounting. B) Financial conditions of the institutions. Q:1 Accounting gives information or data on. of Page Views Categories MCQs on Transfusion Medicine (9) MCQs on Anesthesiology (11) Save 50+ Fundamentals of Costing Solved MCQs These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Cost Accounting . Solve them and see how well you understand the accounting concepts . In this test, each of the 12 MCQs has 4 possible answers, and you need to choose the correct response. The Cost Accounting Multiple Choice Questions (MCQ Quiz) with Answers PDF (Cost Accounting MCQ PDF Download): Quiz Questions Chapter 1-29 & Practice Tests with Answer Key (BBA MBA Accounting Questions Bank, MCQs & Notes) includes revision guide for problem solving with hundreds of solved MCQs. Next Practice: Costing MCQs. Finance Strategists Open main menu Cost Accounting MCQ is useful for NET, SET, MPS, UPSC, MBA, CA, CS, US-CPA, ACCA, MMS, PGDM, Mcom, BBA, Bcom, BAF, etc. A particular cost might be considered a direct cost of a manufacturing department but an indirect cost of the product produced in the manufacturing department. Skip to content. Going through the Cost Accounting Records & Cost Audit under the Companies Act, 2013 – Corporate and Management Accounting CS Executive MCQ Questions with MCQs Papers Definitions Flashcards. Cost and Management Accounting MCQs involves the identification, measurement, analysis, and interpretation of costs to support managerial decision-making. Work-in-Progress B. 4 What cost will be payable even if the company is closed? A) Cost of shut-down; B) Cost of the historical record; C) Cost of sunk; D) Imputed cost Save 330+ Cost and Management Accounting (CMA) Solved MCQs These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration Save Chapter: 50+ Elements of Cost and Cost Sheet Solved MCQs in Cost and Works Accounting 1. Unknown October 22, 2020 at 12:03 PM. Multiple Choice Questions for Chapter 3 Cost and Revenue are an important part of exams for Class 12 Question Bank - Multiple Choice Questions (MCQs) Unit 1: Financial Accounting 1) Accounting furnishes data on a) Income and cost for the managers b) Financial conditions of the institutions The main object of cost accounting is: a) To record day to day transactions of the business b) To reveal managerial efficiency Fundamentals Of Cost Accounting – By William Lanen, Shannon Anderson Et. Home > Cost Accounting. Account Questions and answers PDF. The questions cover topics such as objectives of cost accounting, types of costs (direct, indirect, imputed, etc. After submission results will be shown instantly with correct choices. COM http://www. Awesome! Your answer is correct. financial accounting B. Cost Accounting Made Simple – By Mike Piper. This set of Industrial Engineering Multiple Choice Questions & Answers (MCQs) focuses on “Cost Accounting Elements”. basic objectives of cost accounting is tax compliance. management accounting D. 15 per unit and This course covers topics taught in a Cost Accounting course at a graduate/undergraduate level. 20 per unit, Variable selling cost ` 0. Accounting MCQ is important for exams like B. COM, M. of Page Views Categories MCQs on Transfusion Medicine (9) MCQs on Anesthesiology (11) More MCQs on Cost Accounting. This document provides a 15 question multiple choice quiz on cost accounting concepts. _____ card is placed at the entrance of the factory. University Ravenshaw University. No. Search MCQs. Selected Multiple Choice Questions (MCQs) for Cost Accounting; Costing MCQs: Cost of Goods Sold MCQs: Inventory Valuation (a) Cost Centres only (b) Profit Centres only (c) Investment Centres only (d) Cost Centres, Profit Centres and Investment Centres . MCQs on Computerised Accounting with Tally (21) MCQs on Consumer Electronic Appliances Mechanic (11) MCQs on Cost Accounting (24) MCQs on Dairy Technology (9) MCQs on Dental Mechanic (11) MCQs on Desktop Publishing (DTP) (11) MCQs on Disaster Management (51) MCQs on Electronic Media Production (6) MCQs on Employees State Insurance Act 1948 (5 Save 180+ Applied Cost Accounting Solved MCQs These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) . doc / . tax compliance. Completing it will be helpful to prepare for exams and interviews. Quizzes. Principles Of Cost Accounting – By Maria R. Financial Management. profit analysis. helps in ascertaining costs Cost Accounting MCQs. Posted by: vish. 4. _____ cost is imputed cost. B. Basic to advance Objective Multiple choice MCQ question for competitive exams. MCQs on other topics of Cost Accounting; 31. 9. Cost and Management Accounting-615A Multiple Choice Questions. There are no amounts of under or overapplied fixed overhead. P-8: Cost Accounting - Bit Questions The Institute of Cost Accountants of India 7 44) Royalty paid on sales Rs. The Direct Costs and Indirect Costs MCQ with Answers PDF: Cost which is changed in proportion to level the total volume is; for online bachelor's degree in More MCQs on Cost Accounting. Opportunity costs are: A) not used for decision making. <b>Explanation</b> The question shows the position (balance) of an account on a particular date. We arranged MCQs of Cost Accounting based on different sections for easy 50+ Basics of Cost Accounting Solved MCQs in Cost and Works Accounting 1. Elevate your performance and conquer the Accounting section of JKSSB exams using these valuable practice resources. 60% 11. The above statement is false B. accounting mcqs for accountant. Work certified is between 50% and 90% of the contract price. Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Cost Function and Behavior, a fundamental topic in the field of Cost Accounting. Actual labor was 24,000 direct labor hours, at a cost of $168,000 for 25,000 units of finished product requiring 1 hour of direct labor each, at standard. This course covers 20 to 25 % of the BEC section of the CPA exam and 30 to 40% of the CMA Exam. Unknown July 29, 2020 at 12:14 PM. Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Basic Accounting Concepts, a fundamental topic in the field of Cost Accounting. You can find a collection of B. Finance MCQs. Add comment. Download 100 MCQs on Cost and Management Accounting - Students. Answer: c Many items are only included in the financial statement if they are accounted for under financial accounting rules. It asks questions Accounting MCQ Questions and answers with easy and logical explanations. Cost accounting contributes to strategic planning by helping identify cost drivers, cost patterns, and cost-saving opportunities by examining the organization’s cost structure. MCQs on other topics of Cost Accounting ; Cost Accounting MCQs pdf ; 1. Budgeted production and sales for the year are ` 10000 units. Related Posts Previous Post Next Post 3 Comments. C. Com 3rd Sem Cost Accounting MCQs in Hindi in various forms like YouTube videos, PDFs, and online documents. Computer Fundamentals 3015; Current Affairs 709; English Language 8960; Everyday Science 1802; General Knowledge 3371; Cost Accounting MCQs. define definition of cost accounting meaning mcq multiple choice questions with answers download pdf online test and quiz for practice. The meaningful groups into Instructions. Stay tuned to BYJU'S. Learn Accounting For Free . 4. Reply Delete. This compilation of MCQs and answers aims to: Strengthen understanding of core cost accounting concepts: From basic cost classification to advanced MCQs on Cost Accounting -21. Identify the two cost curves which start from the same point on the Y-axis: (a) TVC and TFC (b) TFC and AVC (c) TFC and TC (d) TFC and AFC 2. This document contains multiple choice questions about cost and works accounting topics like overheads. the marginal cost of capital c. This document contains 35 multiple choice questions related to the topic of cost and management accounting from a past exam for semester 6 of the BCom IT program from 2011-2014 at Dr. These questions are very important for all type of exams conducted by Fpsc, Nts, Kppsc, Ppsc, Spsc, Bpsc, Ots, Uts, Pts, Cts, Ats, Etea and other testing agencies of Pakistan. a) Indirect overheads b) overheads c) Work overheads d) Chargeable overheads. Mitchell. Find important definitions, questions, notes, meanings, examples, exercises, MCQs Multiple Choice Questions (MCQs) 1. Assuming we’ve calculated the profit or loss using financial accounts, we’ll need to make some adjustments to reflect the actual costs. Here on MCQs. This document provides a multiple choice quiz on basic accounting concepts. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Cost Function and Behavior MCQs EXECUTIVE PROGRAMME COST AND MANAGEMENT ACCOUNTING SAMPLE TEST PAPER (This test paper is for practice and self study only and not to be sent to the institute)Time allowed: 3 hours Maximum marks : 100 Save 200+ Advance Accounting Solved MCQs These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) . As more and more funds are required by the firm, the cost of each component of the capital structure may increase. Related Posts Previous Post Next Post 1 Comments. of Page Views Categories MCQs on Transfusion Medicine (9) Financial Planing & Cost Accounting MCQs [PPSC Pakistan] SYLLABUS PLANNING OFFICER/ ASSISTANT DIRECTOR (PLANNING) PLANNING & DEVELOPMENT BOARD; Cost Accounting Past Papers; Research Topics Cost & Management Accounting; Research Topics Occurrence of Financial Crisis and financial instability Islamic Finance; The correct answer is Conversion cost (option 2). The cost of production of 40 units in Process I consists of materials RS 1,500; Labour Rs 1300 and Overhead Rs 164. Here is series of 30 mcqs on cost accounting Management accounting and cost-accounting are similar. Accounting cost is the recorded expense of action. This data is utilised in an independent administrative direction. Get instant feedback with answers. Test: Cost Accounting Techniques- 1 for B Com 2025 is part of B Com preparation. 89,000 and Software development charges related to product is 22,000. In this article, we have prepared overhead costing MCQs, which can serve as useful interview and exam preparation. Job 21 was unfinished at the end of the accounting period. Previous Post Next Post 1 Comments. Sarvajeet Biswas= Q1. Previous Post Next Post 3 Comments. a) Material b) Overheads Cost Accounting. Reply. financial audit. (a) 1,11,100 (b) 1,11,000 (c) 1,11,110 (d) 1,10,000 Cost accounting mcqs - Financial Management. The MCQ Questions for Class 12 Economics with answers are aligned as per the latest syllabus and exam pattern suggested by CBSE, NCERT and KVS. What is the another name for works cost? a) Prime cost b) Office cost c) Factory cost d) Material cost View Answer. the incremental cost of capital _____ is used to improve the accuracy of cost analysis by improving the tracing of costs to products or to individual customers. cost ascertainment. cost Cost and Management Accounting (CMA) MCQs [set-1] 1. Cost Accounting MCQs page is collection of important topics-based multiple choices questions having four options with most suitable answer Take this free cost management quiz to test your understanding of the cost concept, analysis and classification. To help students prepare for exams and interviews, this quiz contains multiple choice questions (MCQs) on an Introduction to Cost Accounting. Accounting method used to allocate the cost of a tangible or physical asset over its useful life or life expectancy. a) Interest on Capital b) Variable c) Out of pocket Explore Cost Concept MCQs to test your conceptual understanding and understand their abilities on the particular topic. Y. Find important definitions, questions, notes, meanings, examples, exercises, MCQs In managerial accounting, this term is synonymous with avoidable cost and differential cost. nf 1. Students shared 412 documents in this course. Options 1 and 3 are examples of accounting transactions and do not represent balances, whereas option 4 For example, the wage cost of the pilot of a 747 airliner is a common cost of all of the passengers on the aircraft. cost accounting C. com MULTIPLE CHOICE QUESTIONS Dnyansagar Arts And Commerce College, Balewadi,Pune – 45 Which of the following is a characteristic of process cost accounting system? Material, Labor and Overheads are accumulated by orders; Companies use this system if they process custom orders; Opening and Closing stock of work in process are related in terms of completed units; Cost and Management Accounting MCQ are vital for assessing ones comprehension of this important branch of accounting. Which of the following is not a management accounting tool? cost accounting mcq pdf | solved mcqs of cost and management accounting pdf | cost accounting mcq with answers pdf 21. The Test: Cost Accounting Techniques- 1 MCQs are made for B Com 2025 Exam. WWW. If fixed costs decrease while variable cost per unit remains constant, the new BEP in relation to the old BEP will be (a) Which of the following is a characteristic of process cost accounting system? ? Fixed cost per unit decreases when _____ ? Cost of production report is a _____ ? The difference between total revenues and total variable costs is known as _____ ? The Cost Accounting Multiple Choice Questions (MCQ Quiz) with Answers PDF (Cost Accounting MCQ PDF Download): Quiz Questions Chapter 1-29 & Practice Tests with Answer Key (BBA MBA Accounting Questions Bank, MCQs & Notes) includes revision guide for problem solving with hundreds of solved MCQs. of Page Views Categories MCQs on Transfusion Medicine (9) MCQs on Anesthesiology (11) A difference between standard costs used for cost control and the budgeted costs of the same manufacturing effort can exist because In a responsibility accounting system, a feedback report that focuses on the difference between budgeted amounts and actual amounts is an example of Accounting Mcqs for Preparation of various Test announced by Fpsc, kppsc, Nts, ppsc. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Basic Accounting Concepts MCQs Various resources for B. Post a Comment. . 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Cost Accounting Fundamentals – By Steven M. D) Cost Accounting MCQ With Answer PDF - Free download as PDF File (. It includes 50 questions testing fundamental EOQ lower and Total annual ordering costs higher EOQ = √(2 x order cost x demand/holding cost) Increase in holding costs = decrease in EOQ (A or C) And therefore more orders as order less each time Therefore higher ordering costs (A) Test: Introduction to Cost Accounting- 1 for B Com 2025 is part of B Com preparation. club we have prepared useful Multiple-Choice Questions (MCQs) on Accounting for labour that covers the labour costing, factory accounting, labour cost in cost accounting. 50% If k is the cost of debt and t is the marginal tax rate, the after-tax cost of 480+ Cost Accounting Solved MCQs Take a Test Save 201. The total cost of indirect material, indirect labor, and other manufacturing expenses is the: Factory overhead; Manufacturing Introduction to Accounting MCQs; Issuance of Shares and Debenture MCQs; Material Costing Methods MCQs; Non-Trading Concerns MCQs; Retirement and Death Basic Accounting MCQs: This section contains multiple-choice questions and answers on Basic Accounting. Damodaran College of Science. so how can i download MCQs on Cost Accounting -17. It tests understanding of topics like All Cost Accounting MCQs are included in this section of ETEST Website. R. MCQs on other topics of Cost Accounting; Cost Accounting MCQs pdf; 1. For profit and loss accounting, many items are only included if we use cost accounting. Incurred when a resource is used for some purpose. Cost Accounting And Finance but pdf is not available . Income and cost for the managers. The questions cover topics such as objectives Save Chapter: 30+ Overheads Solved MCQs in Cost and Works Accounting 2. MCQs; Papers; Definitions; Flashcards; Categories. October 20, 2017. information for income determination. Academic year: Cost Function and Behavior MCQs. Factors that should be considered when making decisions include the company’s 15. G. Here on MCQ. Slides. The document contains 34 multiple choice questions related to cost accounting concepts. MCQs on this topic evaluate learners understanding of cost Cost Accounting Mcqs Mcqs for Preparation. True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to Cost Accounting Solved MCQs - Free download as PDF File (. 14. In its 2012 income statement, Worley should report cost of goods sold of The terms direct cost and indirect cost are commonly used in accounting. Explanation- Management accounting helps in evaluating and keeping records of the activities and performance of the business which will be important for managers in the future. 1 point for each question. Labor Cost MCQs is a set of important and commonly used multi-choice question with solutions. Costing, Break-Even Analysis, Cost-Volume-Profit Analysis. of Page Views Categories MCQs on Transfusion Medicine (9) MCQs on Anesthesiology (11) Cost Accounting || MCQs Quiz. Cost-accounting Solved MCQs [set-20] Mcq Mate NOV-2018 Cp G5B - SEM paper of 2018 APR-2019 cpz4E - The financial statements that summarize a large company's operations, financial Under Worley’s cost accounting system, over- or underapplied variable overhead is allocated to appropriate inventories and cost of goods sold based on year-end balances. The total cost assigned to the job is $12,000 of which $3,000 is direct material. Course. the cost of capital d. docx), PDF File (. Students need to select the correct option to proceed to the next question. MCQs on Cost Accounting -17. No points will be given for skipped questions. Answer – A) It is only focused on the future. Factory o Is sometimes used as a basis for cost planning and product pricing. In this class Deepak gusain We will teach MCQ question of CMA FOUNDATION Account Subject cost_accounting_mcqs_ cost and management accounting multiple choice questions. A particular cost might be considered a direct cost of a manufacturing department but an indirect cost of the product produced in the Financial Accounting MCQs. Our designed MCQs are useful for Accounting and Finance srudents and In economics, cost classification can be based on variables, fixed or chance production, and sunk costs. ), cost MCQs on other topics of Cost Accounting; 21. This document contains 35 multiple choice questions about cost accounting. SET 1: 7. Boyd. Without the pilot, there would be no flight and no passengers. Basic objectives of cost accounting is_____. Students shared 832 documents in this course. 21 Comments. The costs of both normal and abnormal spoilage are accounted What is the journal entry to record the purchase of materials on account? Darden Manufacturing, a calendar-year corporation, had $17,000 of spoilage during April that production management characterized as abnormal. Select test length i. Sell or process further decision: A decision as to whether a joint product should be sold at the split-off point or processed further and sold at a later time in a different form. Multiple choice questions (MCQs) help students to clarify key concepts and test their knowledge on a particular subject. The base that is employed to allocate a homogeneous cost pool should Refer to CBSE Class 12 Economics Cost and Revenue MCQs provided below available for download in Pdf. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Jan 26, 2022 • 1h 25m • 61 views. Download 10 MCQs on Cost Accounting for Managers with Answers Key | ACCT 310 and more Quizzes Cost Accounting in PDF only on Docsity! Quiz – Chapter 13 – Solution. The Test: Introduction to Cost Accounting- 1 MCQs are made for B Com 2025 Exam. Take this quick test on accounting equations to help you prepare for your exams, interviews, or different tests. Cost Accounting MCQ with Answers PDF book covers basic Variable costs can be represented by a straight line where costs are the same for each data point. University University of Lucknow. It is the verification of the correctness of cost accounts and of the adherence to the cost accounting plan. COM, BBA, BBM, CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other commerce department exam. Activity-Based Costing _____ uses activity analysis and activity-based costing to help managers improve the value of products and services and increase the organization’s competitiveness. The material cost is rs. Includes only manufacturing costs incurred over the life of the product. While computing variances from standard costs, the difference between the actual and the standard prices multiplied by the actual quantity yields a (a) Yield variance (b) True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists. Home; Books; 22. small,medium,large. 40 per unit, Fixed production cost ` 4 per unit, Fixed selling cost ` 0. The Test: Introduction to Cost Accounting- 1 questions and answers have been prepared according to the B Com exam syllabus. Calculate Direct Expenses. 2K followers • Fundamentals of Accounting. very nice study materials . Dial Time recorder has _____ holes. Labor is a second element in calculating. com/mcqs-complete-solved-multiple-choice-question-with-answer-key/ Cost and Management Accounting-615A In accounting, decision-making is the process of choosing between two or more courses of action to achieve the desired outcome. Related Posts Previous Post Next Post 2 Comments. cost 3462349 20210802085421 100 mcqs on cost accounting and Save 220+ Fundamentals of Accounting Solved MCQs These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration (BBA) , Cost MCQs on other topics of Cost Accounting; 21. _____ concept in accounting considers that cost More MCQs on Cost Accounting. Indirect cost is known as _____ . Includes only manufacturing cost, selling expense, and distribution expense. Cost Accounting Final exam MCQs? Pricing for one-time-only special orders is a type of Fixed cost-based pricing decision Short-run pricing decision Long-run pricing decision Variable cost-based pricing decision? Three major influences on pricing decisions are _____. These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor Subject- Cost & Works Accounting - I Sub Code-236 ( E ) Class: S. 80 per unit. B More MCQs on Cost Accounting. The Test: Cost Accounting Techniques- 1 questions and answers have been prepared according to the B Com exam syllabus. Profit and loss account C. Related Posts Previous Post Next Post 0 Comments. Unknown March 6, 2019 at 10:37 PM. club we have prepared easy Multiple-Choice Questions (MCQs) on Cost Audit that fully cover MCQs on Cost More MCQs on Cost Accounting. Flexible Budget Cost Accounting Multiple Choice Questions (MCQ) with Answers PDF: "Flexible Budget Cost Accounting" App Free Download, MBA Cost Accounting MCQ e-Book PDF for online masters in accounting. Previous Practice: Bill of Exchange MCQs. Visitors should visit ETEST Website regularly for Best Jobs Tests Preparation because ETEST Team updates ETEST Website on daily basis. 2. Cost Unit is defined as: (a) Unit of quantity of product, service or time in relation to which costs may be ascertained or expressed (b) A location, person or an item of equipment or a group of these for which Accounting for Labour MCQs. A bookkeeping cost is recorded in the records of a business, so the expense shows up in an element's budget summaries. Watch now Download Class PDF. C) Company’s tax liability for a particular year. Take this free MCQs quiz and evaluate your knowledge about costs and their classification. No part of the pilot's wage is caused by any one passenger taking the flight. Cost accounting provides data for managerial _____ Learn Accounting. Fix: D. MCQs on Cost Accounting -18. Deepak Gusain. Thanks to million. Financial states of the organisations; Company’s assessment obligation for a specific year; Cost accounting gives various strategies or techniques to introduce the information about the expense of every item. 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