Q981
Open questionThe difference between fixed and variable cost has a special significance in the preparation of:
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Commerce · all questionsCosting
Costing
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Q982
Open questionWhere actual loss in a process is less than the anticipated loss, the difference between the two is considered to be . . . . . . . .
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Q983
Open questionManagement by exception is exercising control over . . . . . . . .
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Q984
Open questionWhat is the stock turnover ratio when the opening stock is Rs. 50,000; closing stock is Rs. 60,000 and; and the cost of goods sold is Rs. 2,20,000?
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Q985
Open questionActivity Ratio =
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Q986
Open questionThe system which gives a continuous information regarding quantum and value of inventory is known as:
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Q987
Open questionA process costing system is used by a company that
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Q988
Open question. . . . . . . . is a post mortem of past costs.
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Q989
Open question. . . . . . . . is one which can be conveniently identified with and charged to a particular unit of cost.
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Q990
Open questionCost accounting provides data for managerial . . . . . . . .
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Q991
Open questionStatement (A): It is necessary to tally current costs with current income in order to find out the correct profit.
Reason (R): LIFO ensures matching of current costs with current income.
Reason (R): LIFO ensures matching of current costs with current income.
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Q992
Open questionBasis of apportionment of creche expenses is . . . . . . . .
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Q993
Open questionCost Accounting has been developed because of . . . . . . . . of Financial Accounting.
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Q994
Open questionIf the amount of work certified is less than . . . . . . . . of the contract price, then no profit should be taken to Profit & Loss Account.
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Q995
Open questionContracts where all agreed costs are recovered is known as:
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Q996
Open questionMatch the items of List-I with those of List-II and indicate the correct answer
| List-I | List-II |
| a. Acid test ratio | 1. Profitability analysis |
| b. Debt service coverage ratio | 2. Activity analysis |
| c. Debt equity ratio | 3. Liquidity analysis |
| d. Stock turnover ratio | 4. Long-term solvency analysis |
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Q997
Open questionMaterial mix variance = standard cost of standard mix - . . . . . . . .
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Q998
Open questionAdministration and management overheads are realized as a percentage
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Q999
Open questionThe origin of Kaizen costing in
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Q1000
Open questionWhich of the following is not an example of financing activities with reference to cash flow statement?
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