Commerce · all questions

Costing
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Q1021

. . . . . . . . budget gives an estimate of the anticipated receipts and payment of cash during the budget period.

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Q1022

In time wage system, wages are paid according to the . . . . . . . .

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Q1023

Worker's participation implies their right to take part in:

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Q1024

Service costing is called as . . . . . . . .

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Q1025

The Learner index measures

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Q1026

. . . . . . . . is concerned with discovery of facts concerning a job and . . . . . . . . is concerned with ascertaining the money value of a job.

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Q1027

. . . . . . . . is not the scope of Cost Accountancy.

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Q1028

Consider the data below and answer the questions based on it.
Factory Expenses = Rs. 30000
Administrative Expenses = Rs. 20000
Labour Cost = Rs. 25000
Materials = Rs. 35000
Selling Expenses = Rs. 10000
Ascertain the prime cost with the help of the given cost data.

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Q1029

Which of the following would be included in a cash budget?

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Q1030

Which one of the following concepts is used as fund in the preparation of funds flow statement?

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Q1031

The labour rate of pay variance can be calculated by which of the following equations?

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Q1032

Operating costing is also known as . . . . . . . . costing.

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Q1033

. . . . . . . . is a technique of stock control which leads to saving of time of the management because attention is required to be paid only to some of the items rather than on all the items.

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Q1034

Match the items of List-I with the items of List-Il and indicate the correct answer.

List-I	List-II
a. Debtors turnover ratio	1. Solvency ratio
b. Proprietary ratio	2. Liquidity ratio
c. Operating ratio	3. Activity ratio
d. Acid test ratio	4. Profitability ratio

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Q1035

Match the following.

List-I	List-II
a. Increase in fund	1. Application of funds
b. Goods purchased on credit	2. Drain in working capital
c. Commission outstanding	3. Sources of funds
d. Net loss	4. No flow of funds

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Q1036

Cash Budget is a . . . . . . . . budget.

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Q1037

A bill of material serves the purpose of . . . . . . . .

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Q1038

When is a business unit known to be a profit centre?

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Q1039

The relationship between two financial variables can be expressed in

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Q1040

Period costs charged to . . . . . . . .

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