Q1241
Open questionThe use of FIFO method is suitable for
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Q1242
Open questionIn . . . . . . . . each job is a cost unit to which all costs are assigned.
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Q1243
Open questionConsider the following statements.
1. Marginal costing and absorption costing are the same.
2. For decision-making, absorption costing is more suitable than marginal costing.
3. Marginal costing is based on the distinction between fixed and variable costs.
Which of the statement(s) given above is/are correct?
1. Marginal costing and absorption costing are the same.
2. For decision-making, absorption costing is more suitable than marginal costing.
3. Marginal costing is based on the distinction between fixed and variable costs.
Which of the statement(s) given above is/are correct?
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Q1244
Open questionIf the selling price is fixed at 25% above the cost, the gross profit ratio is
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Q1245
Open questionThe sum of prime cost and factory overheads is known as which of the following form?
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Q1246
Open questionMarginal-costing technique is useful for
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Q1247
Open questionQualities demanded from the job holder is technically known as . . . . . . . .
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Q1248
Open questionThe head office of the institute of cost and works accountants of India is located at
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Q1249
Open questionIn service costing, fixed charges are also called as . . . . . . . .
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Q1250
Open questionWhen opening stock is Rs. 50,000, closing stock is Rs. 60,000 and the cost of goods sold is Rs. 2,20,000, the stock turnover ratio is:
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Q1251
Open questionIf the current ratio is 2 : 1 and working capital is Rs. 60,000. What is the value of the current assets?
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Q1252
Open questionThe appropriate ratio for indicating liquidity crisis is
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Q1253
Open questionCost plus contract is useful for-
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Q1254
Open questionThe improvement of the profit-volume ratio can be done by
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Q1255
Open questionThe tier clause in contracts provides protection against possible changes to which of the following?
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Q1256
Open questionThe preparation of a consolidated statement of accounts as per AS-21 is
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Q1257
Open questionThe margin of safety is calculated by using
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Q1258
Open questionWhich of the following ratios are taken into consideration by a banker before sanctioning the loan?
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Q1259
Open questionUnder marginal costing, only . . . . . . . . costs are charged to products.
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Q1260
Open question. . . . . . . . represents that quantity of material which is normally ordered when a particular material reaches re-ordering level.
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