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Commerce · all questions

Costing
practice.

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The formula for net cash inflow of a project is

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Under step method of re-apportionment of costs of service departments, the cost of last service department is apportioned only to the . . . . . . . .

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Profit for the objective of calculating a ratio may be taken as

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. . . . . . . . expenses are partly fixed and partly variable.

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In an activity based cost system, an activity/unit of work or task with differentiated purpose will be classified as

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Factory cost is also known as the name of . . . . . . . . .

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Variable cost per unit . . . . . . . .

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Cost Accountancy is the science, art and . . . . . . . . of a cost accountant.

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A responsibility centre in which manager is responsible for cost only, is known as

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In . . . . . . . . costing where standardized goods or services result from a sequence of repetitive and more or less continuous operations to which costs are collected and averaged over the units produced during the year:

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Tender for construction is an

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. . . . . . . . is an example of short-term budget.

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Stock Adjustment Account is debited with . . . . . . . . and credited with . . . . . . . .

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The process of explaining the meaning, significance, and relationship between two financial factors is called

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Efficiency Ratio =

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Which of the following technique of inventory control is specially designed to have better control on investment and cost:

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The contract cost is used in-

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Indicate the correct option as regards the sources of funds for a funds flow statement from the following
1. Increase in working capital.
2. Decrease in working capital.
3. Writing-off the intangible/fictitious assets.
4. Issuing equity shares for acquisition of a building for office.
5. Charging depreciation on fixed assets.
Select the correct answer

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Re-ordering level = Maximum consumption × . . . . . . . .

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Which of the following is not a feature of budgetary control?

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