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Commerce · all questions

Costing
practice.

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The budget that is prepared first of all is . . . . . . . .

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What is the ideal quick ratio?

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In electricity supply company uses . . . . . . . . as cost unit.

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Which one of the following is the correct sequence of various stages of operating cycle of a manufacturing company?

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From the following two statements of Assertion (A) and Reason (R). Indicate the correct option.
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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Which of the following is not true of the cash budget?

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Match the List-I with the items of List-II relating to human resource planning activities, and indicate the correct matching.
List-I List-II
a. Forecasting 1. Optimal employment
b. Inventorying 2. Development activities
c. Anticipating manpower problems 3. Mathematical projections of industrial trend
d. Planning programmes 4. Projecting present resources into future

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At what value is the closing stock valued
Or
Stock is valued on

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Assertion (A) Break-even point can be determined both mathematically as well as graphically.
Reason (R) When it is determined on a graph paper, the graph drawn is named as 'break-even chart'.

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Which of the following statements is true about estimated costs and standard costs?

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. . . . . . . . cost is irrecoverable cost.

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. . . . . . . . includes financial and cost accounting, tax planning and tax accounting.

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The cost formula acceptable under AS-2 for inventory valuation is

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The sum of value of work certified and uncertified appearing in the Contract Account is called . . . . . . . .

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A bus carries 25 passengers daily for 25 days and its mileage per month is 1000 kms. Its passenger miles are . . . . . . . .

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Which of the following is an investing activity?

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. . . . . . . . is used primarily for control of spare parts.

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Inflated price method of valuing material issues is suitable when . . . . . . . .

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The main objective of Cost Accounting is to

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The process costing is not used in one of the following:

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