Q761
Open questionAverage unit cost for each process is calculated by dividing the . . . . . . . . by . . . . . . . .
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Costing
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Q762
Open questionHighest in First Out (HIFO) method of issue of material is useful when the
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Q763
Open questionMaterial usage variance is computed by:
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Q764
Open questionWho proposed a model to apply economic order quantity concept of inventory management to determine the optimum cash holding in a firm?
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Q765
Open questionWhich of the following is not a cash outflow for the firm?
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Q766
Open questionComparison of the financial statements of the current year with the performance of previous years of the same firm is known as
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Q767
Open question. . . . . . . . is the cost which involves payment to outsiders.
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Q768
Open questionCalculating ratio for industry analysis implies all of the following except,
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Q769
Open questionMatch the following.
| List-I | List-II |
| a. Cost control purposes | 1. . . . . . . . . is a predetermined cost |
| b. Standard cost | 2. Responsibility accounting fixes responsibility for . . . . . . . . |
| c. Integrates | 3. Cost accounting guides future . . . . . . . . |
| d. Production policies | 4. Budgeting system . . . . . . . . key managerial functions |
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Q770
Open questionTaylor's differential piece work plan provides that
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Q771
Open questionWhich method of costing is used in hospitals?
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Q772
Open question. . . . . . . . is the value of a benefit where no actual cost is incurred.
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Q773
Open questionIf prime cost is Rs. 20,000; factory overheads are 25% of prime cost and office overheads are 80% of factory overheads then the office cost would be
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Q774
Open questionAn input of 5000 kg of material introduced into the process and the expected loss is 8% and if the actual output from the process is 4300, the abnormal loss is . . . . . . . . kg.
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Q775
Open question. . . . . . . . process loss should be transferred to costing profit & loss account.
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Q776
Open questionTotal cost is the combination of:
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Q777
Open questionMatch the items of List-I with the items of List-II and choose the correct answer.
| List-I (Critical Control Standards) | List-II (Critical Points) |
| a. Physical standards | 1. Material cost per unit |
| b. Cost standards | 2. Labour hours per unit of output |
| c. Revenue standards | 3. Timing of production |
| d. Programme standards | 4. Average sales per customer |
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Q778
Open questionDuring the period of rising prices, higher profits can be shown by valuing stock at:
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Q779
Open questionX Ltd has a liquid ratio of 2 : 1. If its stock is Rs. 40,000, and its current liabilities are of Rs. 1,00,000, its current ratio will be
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Q780
Open questionTotal Cost (+) contracts are generaelly applicable in cases where
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