Which component is included in BOTH prime and conversion costs?

What is net profit if the contribution margin was $100,000 fixed costs were $60,000 and variable costs were $30,000?

When more factory overheads are incurred than have been applied to the product costing, it is known as...?

Which of the following would NOT be treated as a period cost in management accounting?

Rolling budgets are useful when

Which of the following is *NOT* a benefit likely to arise from the implementation of a ‘just in time’ cost approach?

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

Which of the following is NOT a prime cost in management accounting?

Operating Leverage Indicates

Which of the following does NOT describe 'Backflush Costing'?

In a manufacturing overhead variance, which is excluded from a two-way variance, as opposed to a three-way?