Q1001
Open question. . . . . . . . is the smallest segment of activity or area or responsibility for which costs are accumulated.
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Commerce · all questionsCosting
Costing
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Q1002
Open questionEconomic order quantity analysis is used for-
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Q1003
Open questionWhich of the following involves receiving a required inventory item at the exact time needed?
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Q1004
Open questionLabour rate variance is computed by multiplying the:
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Q1005
Open questionMarket price method is considered to be the best method when . . . . . . . .
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Q1006
Open questionBin card is a record of . . . . . . . . only.
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Q1007
Open questionThe full form of CIF is:
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Q1008
Open questionProcess costing is used in which industry?
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Q1009
Open questionFixed cost per unit . . . . . . . . with rise in output and . . . . . . . . with fall in output.
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Q1010
Open questionMatch the following.
| List-I | List-II |
| a. Prepaid expenses | 1. Solvency ratio |
| b. Sales ratio | 2. Net profit margin × Investment turnover |
| c. Return on investments | 3. Turnover ratio |
| d. 100-Proprietary ratio | 4. Current asset |
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Q1011
Open questionTelephone expense is . . . . . . . . expense.
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Q1012
Open questionIf the total cost is Rs. 260 and the total variable cost is Rs. 60, what will be total fixed cost if output is (i) 100 units and (ii) 200 units?
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Q1013
Open questionThe material utilization rate is the most important factor in determining which of the following?
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Q1014
Open questionFrom the following information, find out the number of units that must be sold by the firm to earn profit of Rs. 80,000 per year.
Sales price: Rs. 25 per unit
Variable manufacturing costs: Rs. 12 per unit
Variable selling costs: Rs. 3 per unit
Fixed factory overheads: Rs. 5,00,000
Fixed selling costs: Rs. 3,00,000
Sales price: Rs. 25 per unit
Variable manufacturing costs: Rs. 12 per unit
Variable selling costs: Rs. 3 per unit
Fixed factory overheads: Rs. 5,00,000
Fixed selling costs: Rs. 3,00,000
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Q1015
Open questionDetermine the operating ratio if operating expenses is Rs. 60,000; sales is Rs. 9,40,000; sales return is Rs. 40,000; and cost of net goods sold is Rs. 6,60,000.
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Q1016
Open questionRoom/day is the cost unit used in . . . . . . . .
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Q1017
Open questionWhich of the following is not correct with reference to standard costing?
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Q1018
Open question. . . . . . . . obviates the necessity for the physical checking of all items of stores at the end of the year and thereby avoids dislocation of production.
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Q1019
Open questionSignificant non-cash transactions are included in
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Q1020
Open questionThe budget relating to . . . . . . . . must be prepared first and the other budgets should be prepared in the light of that factor.
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