[QUOTE=Crystal Doll;571817]Which method reduces income when costs are rising?
FIFO LIFO Average Weighted Method

Surplus concept used for Increasing Mrginal Returns

setting low prices to attract customers at initial stage policy?
market penetration index market penetration Policy Market Skimming

risk associated with securities?
systematic .portfolio

risk associated with isolated security and portfolios?
.Beta & Variance . Correlation of variance,beta .variance, standard deviation

which is not prt of a product manufactured?
.Period Cost .Product Cost .Conversion Cost .

Cost accounting purpose?
. management decision Mking .setting product prices

which cost is not directly related to a product?
.administrative cost .Plant Supervisor Salary .Prme cose .Conversion cost

what is part of cost accounting but not profit/loss statement?
.Rent of Owner Plot .Selling costs .Direct Material .work overhead

4 steps of Planning?
objective, policy ,procedure,plan . Organizing, control (dont remember other 3)

iProduct before transportation?
.Company Offering .Supply chain .Marketing .none

Audit Standard & Procedure, are different where procedure is?
.Method of Work .Quality Criterion (dont remember other 2)

opportunity cost question? ans 25000.

EOQ ?

Performance appraisal ?? ctivity belongs to??
.leading .control .organize (dont remember other)

corrections are most welcome[/QUOT


1.LIFO is correct
2.not market penetration . market skiming is a correct ans because question was that ke more benefit with low market share
3. Surplus value ....wrong ... correct is externality
4.systematic risk is corect ans
6.. period cost
7.cost accounting purpose? is provide information to management for decision making
8.administrative cost is not associated with product cost
9.step planning ? objectives plan policy .........200% sure
10 opportunity cost i attempt 10000