Please give the DETAILED answer for is question after finding the correct multiple-choice!

1- Which options are not correct to define as the 'Functional Area of Accounting? _ 5

a. Cost Registration System

b. Financial Accounting

c. Management Accounting

d. Cost Accounting

2- Which of the following skills are needed by todays Cost Accountants?_5

a. Knowledge of both financial & cost accounting

b. Knowledge of how a cost functions registration

c. Oral and written communication & transaction skills

d. All of them

3- Which of the following is not included/calculated under the Direct Raw Materials Expense? 5

a. Raw material expenses

b. Bonuses & premium

c. Operating material expenses

d. Spare parts expenses

4- The total value of the material consumed in a certain period in an enterprise is 10.000 TL. It has been determined that 6,000 TL of the material consumption, 3,000 TL to the marketing, and 1,000 TL to the management function. What is the Total of the Companys functions expenses? 5

a. 6.000 TL

b. 10.000 TL

c. 3.000 TL

d. 1.000 TL

5- Which is the Contribution Margin Ratio (CM) for Company X? _ 5

Company	X
Sales	300.000,00
Variable expenses	60.000,00
Contribution margin	240.000,00
Fixed expenses	120.000,00
Net operating income	120.000,00

a. % 80

b. % 60

c. % 200

d. % 1,5

6- Which type of cost could not be in a company's accounting records? _ 5

a. sunk cost.

b. opportunity cost.

c. indirect costs.

d. direct costs.

7 In the Cost accounting mechanism, the below concepts in the following options can be used interchangeably/(in place wrongly), but each of them subjectively (content) differs from the other. Which of the following shows this definition of appropriate grouping? -5

a. Cost, Expense, Expenditure, Loss

b. Cost, Management, Loss, Money

c. Cost, Profit, Loss, Expense

d. None of them