IIBM - Strategic Cost Management

Need Answer Sheet of this Question paper Contact us at answersheethelp@gmail.com M: 7019944355 Strategic Cost Management Multiple Choices: 1. A set of policies, procedures and approaches that helps a firm attain and retain success for long is termed as a)Benchmarking b) Life cycle costing c) Target costing d) Strategy 2. A cost management tool that bring in its focus the activities performed to produced a product is called  a)Target costing b) Life cycle costing c) ABC d) Benchmarking 3. Cost incurred to the past that are not relevant to present decisions are a) Fixed cost b) Sunk cost c) Opportunity cost d) Indirect costs 4. In a process costing system, when items are sold, the cost of the item are moved from a)Work-in-progress to finished goods b) Work-in-progress to Cost of goods sold c) Cost of goods sold to finished good d) Finished goods to cost of goods sold 5. Differential costs are sometimes referred to as a) Incremental co...