Vidyalelo
Commerce · all questions

Costing
practice.

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The technique of standard costing may not be applicable in case of:

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The method of costing applied in biscuit industries is . . . . . . . . costing and in steel industry . . . . . . . . costing.

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When . . . . . . . . is used on the basis of budgeted overheads and the rate is applied to the actual base, the actual overhead expenses may be different from the charged overheads.

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Match the items of the following two lists:
List-I List-II
a. Statement of changes in working capital 1. Cash flow statement
b. Deferred tax 2. Fixed assets
c. Three activities 3. Funds flow statement
d. Impairment loss 4. Balance sheet

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Cost of production is

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Under inflationary conditions a higher value of inventory is assigned under:

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The cause of increase in cost per unit under process costing is

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Under the inflationary conditions, the value of closing stock will be highest under the:

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According to which of the following methods of valuation, issuances are linked to current economic prices?

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. . . . . . . . is the oldest branch of accounting.

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Cost accounting disclose . . . . . . . .

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The collection of debtors

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Last in first out method is suitable in times of . . . . . . . .

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The internal factors affecting the wage mix include:
(i) Relative worth of the job
(ii) Regional wage rates
(iii) Employer's ability to pay
(iv) Manpower market conditions

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If 50% of the contract is completed, then the following amount of profit is normally credited

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If sales revenue at 60% capacity is Rs. 4,50,000, sales revenue at 70% capacity on a fall in selling price by 5% would be?

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Assertion (A): Debt-equity ratio indicates the long-term solvency of a company.
Reason (R): It measures the ability of the company to pay-off its long-term liabilities.
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Where raw material is to pass certain stages, before it is converted into finished goods, the method of costing used is . . . . . . . .

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The total variable cost . . . . . . . . in total proportion to output.

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Under which of the cost differences international trade would not take place?

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