Information and Decision Process Quiz PDF: Questions and Answers - 131

MCQ 651: The second step in decision making process is

1. multi-collinearity information
2. quantitative information
3. qualitative analysis
4. obtaining information

MCQ 652: In Variable Costing Method, the fixed manufacturing cost in the calculation period is treated as

1. variable quantity
2. fixed quantity
3. price
4. expense

MCQ 653: If the per unit budgeted per unit cost is $165 and budgeted production units are 400 then fixed budgeted manufacturing costs will be

1. $36,000
2. $66,000
3. $56,000
4. $46,000

MCQ 654: An approach in which the managers use the resources to increase customer value is classified as

1. help management
2. cost management
3. past management
4. future management

MCQ 655: The costing method, which calculates per equivalent unit cost of all the production related work done, till calculated date is termed as

1. weighted average method
2. net present value method
3. Gross production method
4. net present value method