Q1141
Open questionThe type of standard best suitable for cost control purpose is:
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Commerce · all questionsCosting
Costing
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Q1142
Open questionAssertion (A): Ratio analysis is one of the tools employed to know the financial health of a concern.
Reason (R): Ratio analysis is not the only technique available to take an investment decision.
Reason (R): Ratio analysis is not the only technique available to take an investment decision.
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Q1143
Open questionStores Ledger is maintained in the . . . . . . . .
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Q1144
Open questionMatch the following.
| List-I | List-II |
| a. Classification of costs into fixed and variable costs | 1. Contribution |
| b. Difference between sales and variable costs | 2. P/V ratio |
| c. Both fixed and variable costs are charged to product | 3. Marginal costing |
| d. Relative profitability | 4. Absorption costing |
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Q1145
Open question. . . . . . . . costing is used in transport undertakings.
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Q1146
Open questionWhich technique, used for figures of two or more periods, is placed side by side to facilitate easy and meaningful comparisons?
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Q1147
Open questionLabour cost variance is the difference between standard cost of labour and . . . . . . . .
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Q1148
Open questionAdded value is the change in . . . . . . . .
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Q1149
Open questionWhat does a low proprietary ratio indicates?
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Q1150
Open questionCost accounting originated from-
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Q1151
Open questionWhat is the gearing ratio if debt is Rs. 220, cash balance is Rs. 20, and equity is Rs. 300?
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Q1152
Open question. . . . . . . . budget may be classified into material cost budget, labour cost budget and overhead budget.
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Q1153
Open questionMaterial Costs of each job are determined from . . . . . . . .
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Q1154
Open questionWhat is the average collection period when the debt turnover ratio is 4?
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Q1155
Open questionCost that is not affected by changes in the volume of production
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Q1156
Open questionMatch the following.
| List-I | List-II |
| a. Cost accounting | 1. . . . . . . . . is usually prepared every month. |
| b. Funds flow statement | 2. . . . . . . . . deals with the cost of production, selling and distribution. |
| c. Cash flow statement | 3. . . . . . . . . is an important technique financial analysis. |
| d. Ratio analysis | 4. . . . . . . . . depicts the profit or loss made during a specified period. |
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Q1157
Open questionEconomic Batch Quantity depends on . . . . . . . . and . . . . . . . . costs.
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Q1158
Open questionAccounting Standard-6 is meant for
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Q1159
Open questionAssertion (A) Increasing the value of closing inventory increases profit.
Reason (R) Increasing the value of closing inventory reduces cost of goods sold.
Reason (R) Increasing the value of closing inventory reduces cost of goods sold.
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Q1160
Open questionWhen partially completed units are converted to a comparable number of completed units, they are referred to as
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