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Commerce · all questions

Costing
practice.

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Variable cost increases with . . . . . . . . in output.

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What is the effect of increase in fixed cost?

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The per unit expense of the . . . . . . . . portion factory overhead varies with the volume of production while . . . . . . . . portion remains the same with volume.

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Which of the following is not included in estimating after tax incremental operating cash flows, for a project?

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Study the following statements and mark your answers:
Wage Incentive Plans have the following objects:
I. Increasing worker's morale
II. Lowering unit cost
III. Lowering capital cost
IV. Lowering depreciation charges

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Material control aims at achieving effective . . . . . . . .

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Cost centre and cost unit are . . . . . . . .

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Which of the following comes under efficiency ratios?

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An unfavourable material usage arises because of:

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For a transport concern like Bus Transport, the most appropriate method of costing technique will be:

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The total of all direct expenses is known as . . . . . . . . cost.

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Which of the following is not correct?

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What does a low stock turnover indicates?

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The cost of material that is not completely processed, would be found in which of the following inventory account on the balance sheet?

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Volume variance is divided into . . . . . . . .

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Responsibility accounting aims at collecting and reporting costing information

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Which of the following methods of inflation accounting has been proposed by Sandilands Committee of U.K.?

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. . . . . . . . is most suitable when quality of work is of prime importance.

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Arrange the following categories of cash inflows and cash outflows in a correct order.
1. Cash flows from investing activities.
2. Cash flows from financing activities.
3. Cash flows from operating activities.

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Why is cash budget prepared?

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