Commerce · all questions

Costing
practice.

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Q921

Sales budget is a:

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Q922

The limitations of . . . . . . . . has led to the development of standard costing system.

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Q923

Profits can be increased by
1. decreasing the selling price per unit.
2. increasing the selling price per unit.
3. decreasing the volume of sales.
4. increasing the volume of sales.
5. decreasing the fixed or variable expenses.
6. increasing the fixed or variable expenses.
7. giving more weightage for products having higher P/V ratio.
8. giving less weightage for products having higher P/V ratio.
Select the correct answer

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Q924

If the contract is 50% complete, which of the following amount of profit is normally credited?

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Q925

In transportation costing a composite unit such as . . . . . . . . is used.

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Q926

Study the following transactions
I. Raising of short-term loans
II. Goods purchased for cash
III. Payment of bonus in the form of shares
IV. Issue of shares in lieu of raw materials
The flow of funds is

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Q927

Which of the following is not a cash outflow?

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Q928

For printing of wedding invitation card the most appropriate costing system is

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Q929

An opportunity cost is . . . . . . . .

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Q930

. . . . . . . . Accounting provides information for cost control.

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Q931

The concept of economic order quantity is concerned with

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Q932

. . . . . . . . is a method of evaluating the job in terms of its money value.

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Q933

. . . . . . . . is a summary of all function budgets in a Capsule form.

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Q934

Mr. Ram has to buy 4000 units. His annual consumption is 4000 units, order cost is Rs. 80 and maintenance cost in a year is Rs. 4. Economic order quantity will be

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Q935

VED analysis is related to

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Q936

. . . . . . . . costs are partly fixed and partly variable in relation to output:

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Q937

If the beginning balance in the raw materials inventory account for the month was Rs. 25,000, the ending balance was Rs. 22,000 and material used during the month was Rs. 1,30,000. What is the amount of materials purchased during the month?

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Q938

Abnormal cost is . . . . . . . .

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Q939

Assertion (A): A high operating ratio indicates a favourable position.
Reason (R): A high operating ratio leaves a high margin to meet non-operating expenses.

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Q940

In ratio analysis, 'time series analysis' refers to

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