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Commerce · all questions

Costing
practice.

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Which category of ratios is useful in assessing the capital structure and long-term solvency of a firm?

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The budget which commonly takes the form of budgeted profit and loss account and balance sheet is:

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Which budget is prepared first of all?

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The . . . . . . . . costing is applied when a quantity of similar and identical products are manufactured together as one Job.

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Which of the following is correct at break-even point?

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Inventory turnover ratio = Cost of inventory consumed during the period ÷ Cost of . . . . . . . . held during the period.

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Period costing means

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. . . . . . . . is the most suitable method in a transport industry.

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Depreciation on fixed assets implies

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First in first out method of valuing material issues is suitable in times of . . . . . . . .

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The concept of budget that requires all levels to work from scratch is

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Match the following.
List-I List-II
a. Performance budgeting 1. Fixed budget
b. Zero base budgeting 2. Production oriented
c. Summary of all functional budgets 3. Jimmy Carter
d. Remain unchanged irrespective of level of activity actually attained 4. Master budget

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Depreciation is . . . . . . . . expenditure.

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. . . . . . . . provides information for income determination.

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The break-even point in umts is calculated using

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The preparation of consolidated balance sheet of holding company and its subsidiary company is done as per

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Material price variance is the difference between standard and actual prices of materials used multiplied by . . . . . . . .

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In case of materials the key factor may be.

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The deviation of the actual cost or profit or sales from the standard cost or profit or sale is known as . . . . . . . .

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Working capital requirement of a sugar mill is assessed as per

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