Commerce · all questions

Costing
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Q781

In a profitable firm, total sources of funds will always . . . . . . . . total uses of funds.

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Q782

Which of the following are possible causes of material price variance?
1. Change in market price.
2. Use of poor quality of material.
3. Inefficient buying.
4. Untimely buying.
5. Paying overtime for urgent work.
6. Use of substitute material of different prices.
Select the correct answer

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Q783

Basic cost is made up of

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Q784

Determine the debtors turnover ratio if, closing debtors is Rs. 40,000, cash sale is 25% of credit sales, and excess of closing debtors over opening debtors is Rs. 20,000.

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Q785

Which of the following statements are correct?
I. Inventory includes raw materials, finished goods and work-in-progress.
II. Inventory is a part of the working capital.
III. Inventory includes goods likely to be purchased.

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Q786

Such expenses which are included (even though they are not incurred) for taking managerial decisions are called . . . . . . . .

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Q787

Under which method of inventory valuation at the time of value increasing/appreciation, current assets will be valued at lower value

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Q788

What are the current assets if the current ratio is 2.5, liquid ratio is 1.5, and the working capital is Rs. 60,000?

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Q789

Allotment of overhead to cost unit is called

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Q790

Overall profitability ratios are based on

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Q791

In proper capital budgeting analysis, we evaluate incremental

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Q792

. . . . . . . . is the amount by which the absorbed overheads fall short of the actual amount of overheads incurred.

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Q793

The profit volume ratio of an enterprise is 40%.To offset a 10% decrease in the selling price, by how much should the sale increase?

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Q794

. . . . . . . . are costs which have been applied against revenue of particular accounting period.

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Q795

The maximum bonus rate under Halsey Premium Method, can be

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Q796

VED analysis is used for the following:

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Q797

In . . . . . . . ., two piece rates are set for each job.

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Q798

Assertion (A): From the marginal costing approach point of view, the marginal cost is compared with the purchase price.
Reason (R): If the marginal cost is less than the purchase price, it should be purchased rather than manufactured.

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Q799

Defectives are that portion of production which can be . . . . . . . . at some extra cost of re-operation.

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Q800

Printers use . . . . . . . . costing.

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