Q1281
Open questionWhen the completion stage of a contract is less than the total expenditure on the contract is transferred to . . . . . . . . account.
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Commerce · all questionsCosting
Costing
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Q1282
Open questionMatch the following.
| List-I | List-II |
| a. Operating profit | 1. Capital employed = . . . . . . . . + Preference share capital |
| b. Liquid liabilities | 2. . . . . . . . . = Gross profit - Operating expenses |
| c. Capital employed | 3. Quick assets = Quick ratio × . . . . . . . . |
| d. Equity share capital | 4. Fixed assets ratio = Fixed assets ÷ . . . . . . . . |
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Q1283
Open questionA variable such as activity that causes cost over a given time is
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Q1284
Open questionThe basic difference between a static budget and flexible budget is that
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Q1285
Open questionLiquid assets is determined by
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Q1286
Open questionWhich of the following are the methods of determining cost behaviour?
I. High and low point method
II. Least square regression method
III. Accounting or analytical approach
IV. Non-parametric method
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I. High and low point method
II. Least square regression method
III. Accounting or analytical approach
IV. Non-parametric method
Choose the correct answer from the options given below
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Q1287
Open questionWhich of the following would have been equal to factory overhead?
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Q1288
Open questionMaterial usage variance = Material mix variance + . . . . . . . .
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Q1289
Open questionWhich of the following is usually NOT a right enjoyed by a Principal in the contract of Agency?
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Q1290
Open questionCost of goods sold is calculated:
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Q1291
Open questionThe quantity of material to be ordered at one time is known as . . . . . . . . .
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Q1292
Open questionThe Gantt bonus scheme is a composite form of-
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Q1293
Open questionThe test of objectivity and verifiability is satisfied by valuing inventory at:
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Q1294
Open questionWhich of the following is a technique of financial statement analysis?
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Q1295
Open questionWhich of the following statements relating to incentive payments is correct?
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Q1296
Open questionA firm consumes 90,000 units of a certain item of raw material in its production process annually. It costs Rs. 3 per unit, the cost per purchase order is Rs. 300 and the inventory carrying cost is 20% per year. What is the EOQ?
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Q1297
Open questionIf the present cost of the car is Rs. 1,00,000 residual value at the end of the 5th year is Rs. 20,000, the monthly depreciation is . . . . . . . .
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Q1298
Open question. . . . . . . . budget is the most important budget and it forms the basis on which all the other budgets are built up.
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Q1299
Open questionSalary paid to general manager is an item of . . . . . . . . expenses.
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Q1300
Open questionBudgeting system . . . . . . . . key managerial functions.
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