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Commerce · all questions

Costing
practice.

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In increasing production volume situation, the behaviour of fixed cost will be . . . . . . . . and variable cost will . . . . . . . .

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Match the following.
List-I List-II
a. Absorption costing 1. . . . . . . . . is a logical extension of marginal costing.
b. Fixed expenses 2. . . . . . . . . is a valuable adjust to standard costing and budgetary costing.
c. Marginal costing 3. Contribution = . . . . . . . . + Profit.
d. Break-even analysis 4. . . . . . . . . is not very helpful in taking managerial decisions.

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. . . . . . . . is the consolidated summary of the various functional budgets.

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When factory overhead control account has an ending debit balance, factory overhead was . . . . . . . .

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An unfavourable material price variance occurs because of:

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What is the most useful information derived from a break-even chart?

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When the completion stage of the contract is more than half, the profit to be credited to Profit and Loss account will be equal to . . . . . . . .

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If factory overhead is Rs. 70,000 whose 70% is changed with the sales, then in this the amount of fixed part will be

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The costing method in which fixed factory overheads are added to inventory is

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In ratio analysis, 'proforma analysis' implies

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Idle time variance is . . . . . . . .

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Cash flow statement is prepared from

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The normal cost of normal output is Rs. 3,000; value of abnormal loss is Rs. 450 and normal output is 200 units. The units of abnormal loss would be-

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Under the marginal costing concept, unit product cost would most likely be increased by

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Cost accounts deal partly with facts and figures and partly with . . . . . . . .

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Which of the following activities should be shown separately in the cash flow statement prepared as per accounting standard-3?
I. Cash flow from borrowing activities.
II. Cash flow from operating activities.
III. Cash flow from financing activities.
IV. Cash flow from investing activities.
V. Cash flow from miscellaneous activities.

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Permanent working capital is generally financed through

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Standard cost is a . . . . . . . . cost.

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An inflow of cash would result from which of the following?

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Formula of calculation of wages under Halsey Premium System is . . . . . . . .

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