Vidyalelo
Commerce · all questions

Costing
practice.

Practice every MCQ with options. Use Show answers when you want the correct option and solution.

1,309

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Normal idle time __________.

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Cost of idle time arising due to non availability of raw material is _______.

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Wage sheet is prepared by ________.

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Time and motion study is conducted by ________.

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Under Gantts task and bonus plan no bonus is payable to a worker if his efficiency is less than ________.

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When standard output is 10 units per hour and actual output is 12 units per hour, the efficiency is ________.

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Bonus under Halsey plan is paid ________.

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Halsey premium plan is ________.

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Labour cost is the second element of ________.

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Number of methods available for calculation of Labour turnover is ________.

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Merricks multiple piece rate system has _______.

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Overhead is also known as ________.

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Reorder level = ________.

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Overhead can be classified according to function-wise as ________.

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Allotment of overhead incurred for a particular cost centre to that specific cost centre is ________.

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The process of setting standards and comparing actual performance with standards with a view to control the cost is ________.

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Under ABC method of material control, the material are classified according to __________.

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This is a point at which the store keeper should initiate purchase requisition for fresh supply It is ________.

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This is a level at which normal issue of material are stopped, but issued under special condition It is ________.

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Annual usage is 6000 units @ Rs 20 per unit Cost of placing an order is Rs 60 and annual carrying cost of one unit is 10% of inventory value EOQ = __________.

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