ACCA Applied Knowledge (BT, MA, FA) · Management Accounting (MA)

Alternative cost accounting principles

5 practice questions, each with the answer and an explanation.

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Random questions from this topic, one at a time. You see the answer and the explanation straight after each one.

All 5 questions

  1. A company has a pool of machine set-up costs of £60,000 per year. The cost driver is the number of set-ups, estimated at 200 for the year. Product P requires 15 set-ups. How much set-up cost is charge…
  2. A product will be sold at a target price of £50. The company wants a profit margin of 30% on selling price. What is the target cost?
  3. In total quality management, which of the following is a prevention cost?
  4. Which statement describes life cycle costing?
  5. Under throughput accounting, throughput is defined as:

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