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MBA Cost Accounting Entrance Exam: Mock Test 189
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In normal costing, the budgeted rate is multiplied to an actual quantity, which have been used as the allocation base to calculate
The second ranked product in incremental revenue allocation method is termed as
An implementation of planning decisions and evaluating performance is classified as
If the actual payment to labor is $1200 and the budgeted rate is $1000, then the labor price variance would be
If the production is greater than sales, then operating income under variable costing is
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