Pick up the main purpose of project cost control from the following: To signal immediate warning of uneconomic operations To provide a feed back to the estimator All of these To promote cost consciousness TRUE ANSWER : ? YOUR ANSWER : ?
As applied to capitalized asset, the distribution of the initial cost by a periodic changes to operation as in depreciation or the reduction of a debt by either periodic or irregular prearranged programs is called ______. Annuity Amortization Annuity factor Capital recovery TRUE ANSWER : ? YOUR ANSWER : ?
What refers to the claim of anyone to ownership? Equity Proprietorship Liability Assets TRUE ANSWER : ? YOUR ANSWER : ?
ABC Corporation makes it a policy that for any new equipment purchased, the annual depreciation cost should not exceed 20% of the first cost at any time with no salvage value. Determine the length of service life necessary if the depreciation used is the SYD method. 8 years 7 eyars 9 years 10 years TRUE ANSWER : ? YOUR ANSWER : ?
What is defined as the reduction of the value of certain natural resources such as mines, oil, timber, quarries, etc. due to the gradual extraction of its contents? Inflation Depletion Depreciation Deflation TRUE ANSWER : ? YOUR ANSWER : ?
What is considered as the standard unit which forms the basis of a country’s domestic money supply? Cash or check Monetary unit Foreign exchange Currency TRUE ANSWER : ? YOUR ANSWER : ?
All are classified under direct labor expenses EXCEPT one. Which one? Testing cost Supervision cost Inspection cost Assembly cost TRUE ANSWER : ? YOUR ANSWER : ?
A loan of P5,000 is made for a period of 15 months, at a simple interest rate of 15%, what future amount is due at the end of the loan period? 5937.5 5712.4 5873.2 5690.12 TRUE ANSWER : ? YOUR ANSWER : ?
A uniform series of payment occurring at equal interval of time is called ______. Bond Amortization Annuity Depreciation TRUE ANSWER : ? YOUR ANSWER : ?
The wages of supervisors and material handlers are charged as: Over head Direct labour cost None of these Indirect labour cost TRUE ANSWER : ? YOUR ANSWER : ?