A system whereby actual results for each sub-unit is an organisation is measured against budgets and significant differences investigated, is known as...?

Engineered cost is best defined as:

What is the ideal transfer price that would satisfy both the supplying and receiving segment?

Which of the following correctly completes the statement: Capital budgets are ...?

A company has a capital employed of $200,000. It has a cost of capital of 12% per year. Its residual income is $36,000 What is the company’s return on investment?

Which of the following specifically describes an 'expense' rather than a 'cost'?

Which component is included in BOTH prime and conversion costs?

Which of the following businesses would generally use process costing rather than job/order costing?

Royalties paid are which type of cost?

In ABC the assumption is that __________________ use resources or cause costs.

What expenses are NOT included in fixed factory overhead?