Q1121
Open questionMaterial abstract is also known as . . . . . . . .
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Commerce · all questionsCosting
Costing
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Q1122
Open questionA bill of material is prepared in case of a . . . . . . . . job.
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Q1123
Open questionFor a work order, standard time and time taken are 20 hours and 15 hours respectively. Time rate being Rs. 2 per hour, total wages payable under Rowan Premium Plan will be:
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Q1124
Open questionWhich of the following is not a cash inflow?
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Q1125
Open questionWhich one of the following cost would not be termed as product costs?
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Q1126
Open questionCost-plus pricing is considered appropriate for:
(I) Product Tailoring
(II) Public Utility Pricing
(III) Refusal Pricing
(IV) Monopoly Pricing
(I) Product Tailoring
(II) Public Utility Pricing
(III) Refusal Pricing
(IV) Monopoly Pricing
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Q1127
Open questionLiquidity ratios are expressed in
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Q1128
Open question. . . . . . . . aids in price fixation.
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Q1129
Open questionWhen 1000 units are 60% complete in a process, it is equivalent to . . . . . . . . completed units.
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Q1130
Open questionThe primary emphasis of . . . . . . . . cost is on the planning function of management.
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Q1131
Open questionWhy is profit volume ratio used?
1. To compute the variable cost for any volume of sales.
2. To determine break-even point and the level of output required to earn a desired profit.
3. To decide most profitable sales mix.
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1. To compute the variable cost for any volume of sales.
2. To determine break-even point and the level of output required to earn a desired profit.
3. To decide most profitable sales mix.
Select the correct answer
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Q1132
Open questionBoiler house costing is an example of . . . . . . . . costing.
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Q1133
Open questionMaterial should be issued by the store keeper against . . . . . . . .
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Q1134
Open questionThe scope of cost accounting include . . . . . . . ., . . . . . . . . and . . . . . . . .
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Q1135
Open questionThe process of comparing various financial factors of a company over a period of time is known as
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Q1136
Open question. . . . . . . . budget gives different budgeted costs for different levels of activity.
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Q1137
Open questionExpenses incurred during production other than direct materials and direct labour are called . . . . . . . . factory expenses; those charged to production on estimated basis are called . . . . . . . .
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Q1138
Open questionMachine hour rate is obtained by dividing the total running expenses of a machine during a particular period by the . . . . . . . .
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Q1139
Open questionWhich of the following is incorrect for material variances?
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Q1140
Open question. . . . . . . . budget is designed to remain unchanged irrespective of the volume of output or turnover attained.
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