Q141
Open questionSundry overhead expenses may be apportioned in the ratio of ________.
Select an option to see the answer and solution.
Commerce · all questionsCosting
Costing
practice.
Practice every MCQ with options. Use Show answers when you want the correct option and solution.
1,309
Questions
8/66
Page
Pick an option on a question to see the right answer and solution.
Q142
Open questionDepartmentalization of overhead is known as ________.
Select an option to see the answer and solution.
Q143
Open questionWhen the actual overhead is less than the absorbed overhead it is ________.
Select an option to see the answer and solution.
Q144
Open questionFactory overhead is Rs 3,00,000 and direct material cost is Rs 5,00,000 What is the overhead rate under direct material cost method?
Select an option to see the answer and solution.
Q145
Open questionWorks overhead is Rs 40,000, total machine hours is 8500 hours and time allowed for machine setting is 500 houRs What is the machine rate?
Select an option to see the answer and solution.
Q146
Open questionExpenditure over and above prime cost is known as ________.
Select an option to see the answer and solution.
Q147
Open questionIn a machine dominated industry which method of overhead absorption is suitable?
Select an option to see the answer and solution.
Q148
Open questionMost appropriate basis for the apportionment of power is ________.
Select an option to see the answer and solution.
Q149
Open questionThe costing method which can be used in industry where the product pass through different processes is known as ________.
Select an option to see the answer and solution.
Q150
Open questionValue of normal loss is charged to ________.
Select an option to see the answer and solution.
Q151
Open questionWhich of the following will be affected by normal loss?
Select an option to see the answer and solution.
Q152
Open questionActual loss is less than the predetermined normal loss, it is ________.
Select an option to see the answer and solution.
Q153
Open questionWhen output of earlier process is transferred at a profit to the subsequent process, it is ________.
Select an option to see the answer and solution.
Q154
Open question100 units are introduced in a process in which normal loss is 5% of input If actual output is 97 then there is ________.
Select an option to see the answer and solution.
Q155
Open question50 units are processed at a cost of Rs 80, normal loss is 10%, each unit carries a scrap value of 25 paise If output is 40 units, the value of abnormal loss will be _________.
Select an option to see the answer and solution.
Q156
Open questionAbnormal process loss can be transferred to ________.
Select an option to see the answer and solution.
Q157
Open questionWhen two products are simultaneously produced in a process and one of them has comparatively high value and other is of low value , the low value product is called __________.
Select an option to see the answer and solution.
Q158
Open questionIf any by-product is produced and sold it is credited to ________.
Select an option to see the answer and solution.
Q159
Open questionBalance of abnormal gain a/c is transferred to ________.
Select an option to see the answer and solution.
Q160
Open questionInter process profits are ________.
Select an option to see the answer and solution.