Costing

1. Examples of nonlinear cost functions are

step constant functions
step cost functions
step price functions
step object functions

Join Our Telegram Channel

74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube
are" class="read-more button" href="https://exam.pscnotes.com/mcq/examples-of-nonlinear-cost-functions-are/#more-46435">Detailed SolutionExamples of nonlinear cost functions are

2. Abnormal loss and its value are _______.

debited to process a/c
credited to process a/c
debited to costing profit and loss a/c
debited to profit and loss a/c

Detailed SolutionAbnormal loss and its value are _______.

3. Which technique, used for figures of two or more periods, is placed side by side to facilitate easy and meaningful comparisons?

Comparative statement
Common-size statement
Trend analysis
None of the above

Join Our Telegram Channel

81.2-142.7 81.2z"/> Subscribe on YouTube
side by side to facilitate easy and meaningful comparisons?" class="read-more button" href="https://exam.pscnotes.com/mcq/which-technique-used-for-figures-of-two-or-more-periods-is-placed-side-by-side-to-facilitate-easy-and-meaningful-comparisons/#more-46385">Detailed SolutionWhich technique, used for figures of two or more periods, is placed side by side to facilitate easy and meaningful comparisons?

4. Sundry overhead expenses may be apportioned in the ratio of ________.

material consumed
number of employees
labour hours
machine hours

Join Our Telegram Channel

24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube href="https://exam.pscnotes.com/mcq/sundry-overhead-expenses-may-be-apportioned-in-the-ratio-of-________/#more-46375">Detailed SolutionSundry overhead expenses may be apportioned in the ratio of ________.

5. The type of standard best suitable for cost control purpose is:

Basic standard
Ideal standard
Normal standard
Expected standard

Join Our Telegram Channel
Subscribe on YouTube
href="https://exam.pscnotes.com/mcq/the-type-of-standard-best-suitable-for-cost-control-purpose-is/#more-46345">Detailed SolutionThe type of standard best suitable for cost control purpose is:

6. If difference in costs is $7000 and difference in machine hours of is $18000, then slope coefficient would be

2.571
0.39
0.2571
3.39

Detailed Solution Subscribe on YouTube

Join Our Telegram Channel
class="screen-reader-text">If difference in costs is $7000 and difference in machine hours of is $18000, then slope coefficient would be

7. Total costs incur in a production process, is divided by total number of output units to calculate the

cost of indirect labour
cost of direct labour
cost of direct material
unit costs

Detailed SolutionTotal costs

Join Our Telegram Channel
Subscribe on YouTube
incur in a production process, is divided by total number of output units to calculate the

8. For a work order, standard time and time taken are 20 hours and 15 hours respectively. Time rate being Rs. 2 per hour, total wages payable under Rowan Premium Plan will be:

40
37.5
35
None of these

Join Our Telegram Channel

viewBox="0 0 576 512"> Subscribe on YouTube Plan will be:" class="read-more button" href="https://exam.pscnotes.com/mcq/for-a-work-order-standard-time-and-time-taken-are-20-hours-and-15-hours-respectively-time-rate-being-rs-2-per-hour-total-wages-payable-under-rowan-premium-plan-will-be/#more-46258">Detailed SolutionFor a work order, standard time and time taken are 20 hours and 15 hours respectively. Time rate being Rs. 2 per hour, total wages payable under Rowan Premium Plan will be:

9. Method of costing that supports creation of value for customer by accounting whole value stream, rather than individual departments or products is classified as

economic accounting
back-flush accounting
lean accounting
lead accounting

Join Our Telegram Channel
Subscribe on YouTube
individual departments or products is classified as" class="read-more button" href="https://exam.pscnotes.com/mcq/method-of-costing-that-supports-creation-of-value-for-customer-by-accounting-whole-value-stream-rather-than-individual-departments-or-products-is-classified-as/#more-46240">Detailed SolutionMethod of costing that supports creation of value for customer by accounting whole value stream, rather than individual departments or products is classified as

10. Appropriate basis for apportionment of material handling charges is ________.

material purchased
material in stock
material consumed
material wasted

Detailed

Join Our Telegram Channel
64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube
SolutionAppropriate basis for apportionment of material handling charges is ________.

Page 1Page 2Page 3Page 4Page 5
Test 1Test 2Test 3Test 4Test 5Test 6Test 7Test 8Test 9Test 10Test 11Test 12Test 13Test 14Test 15Test 16Test 17Test 18Test 19Test 20Test 21Test 22Test 23Test 24