Which of the following statement is incorrect?
A. Total fixed cost remains constant in total
B. Standard cost is expected cost
C. Period cost is the added value to a new product
D. Actual cost is the incurred cost
Answer: Option C
This Question Belongs to Management >> Management Accounting
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A. resourcing
B. value acquiring
C. production
D. value acquaintance
Examining of past performance, exploring alternative and planning future is
A. learning
B. alternating
C. examining
D. deciding
Time that a company takes to create and produce a new product is classified as
A. management factor
B. time factor
C. customer factor
D. chain factor
Purpose of management accounting is to
A. past orientation
B. help banks make decisions
C. help managers make decisions
D. help investors make decision
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