Costing

1. Type of accounting, which focuses on whom should be asked for information and whom not will be categorized as

focused accounting
responsibility accounting
information accounting
blame accounting

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categorized as" class="read-more button" href="https://exam.pscnotes.com/mcq/type-of-accounting-which-focuses-on-whom-should-be-asked-for-information-and-whom-not-will-be-categorized-as/#more-58427">Detailed SolutionType of accounting, which focuses on whom should be asked for information and whom not will be categorized as

2. The ordinary trading account is a locked storehouse of most valuable information to which cost system is the . . . . . . . .

key
lock
house
None of these

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href="https://exam.pscnotes.com/mcq/the-ordinary-trading-account-is-a-locked-storehouse-of-most-valuable-information-to-which-cost-system-is-the/#more-58418">Detailed SolutionThe ordinary trading account is a locked storehouse of most valuable information to which cost system is the . . . . . . . .

3. When output of earlier process is transferred at a profit to the subsequent process, it is ________.

inter departmental profit
abnormal gain
inter process profit
manufacturing profit

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subsequent process, it is ________." class="read-more button" href="https://exam.pscnotes.com/mcq/when-output-of-earlier-process-is-transferred-at-a-profit-to-the-subsequent-process-it-is-________/#more-58405">Detailed SolutionWhen output of earlier process is transferred at a profit to the subsequent process, it is ________.

4. In electricity supply company uses . . . . . . . . as cost unit.

kilo watt hour
per household
voltage
None of these

Detailed Solution

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class="screen-reader-text">In electricity supply company uses . . . . . . . . as cost unit.

5. Method, which allocates cost of support department to operating and support departments is known as

indirect method
direct method
step down method
reciprocal method

Detailed SolutionMethod,

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which allocates cost of support department to operating and support departments is known as

6. Taylors differential piece rate system provides for higher rate to . . . . . . . . workers.

inefficient
efficient
Both A and B
lazy

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href="https://exam.pscnotes.com/mcq/taylors-differential-piece-rate-system-provides-for-higher-rate-to-workers/#more-58380">Detailed SolutionTaylors differential piece rate system provides for higher rate to . . . . . . . . workers.

7. Normal spoilage is subtracted from total spoilage to calculate

abnormal spoilage
Gross weighted spoilage
inventoriable spoilage
partial spoilage

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href="https://exam.pscnotes.com/mcq/normal-spoilage-is-subtracted-from-total-spoilage-to-calculate/#more-58362">Detailed SolutionNormal spoilage is subtracted from total spoilage to calculate

8. In linear cost function, which is y = a + bx, y is classified as

predicted fixed cost
predicted variable cost
predicted cost
predicted price

Detailed

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SolutionIn linear cost function, which is y = a + bx, y is classified as

9. If slope coefficient is 0.60 and difference in machine hours is 50000, then difference in cost can be

$68,700
$58,700
$30,000
$83,333.34

Detailed SolutionIf

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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
slope coefficient is 0.60 and difference in machine hours is 50000, then difference in cost can be

10. Match the following. List-I List-II a. Debtor’s turnover ratio 1. Solvency ratio b. Proprietary ratio 2. Liquidity ratio c. Operating ratio 3. Activity ratio d. Acid test ratio 4. Profitability ratio

a-2, b-4, c-3, d-1
a-3, b-2, c-1, d-4
a-3, b-1, c-4, d-2
a-4, b-3, c-2, d-1

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b. Proprietary ratio 2. Liquidity ratio c. Operating ratio 3. Activity
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ratio d. Acid test ratio 4. Profitability ratio" class="read-more button" href="https://exam.pscnotes.com/mcq/match-the-following-list-i-list-ii-a-debtors-turnover-ratio-1-solvency-ratio-b-proprietary-ratio-2-liquidity-ratio-c-operating-ratio-3-activity-ratio-d-acid-test-ratio-4-profitability-ratio/#more-58308">Detailed SolutionMatch the following. List-I List-II a. Debtor’s turnover ratio 1. Solvency ratio b. Proprietary ratio 2. Liquidity ratio c. Operating ratio 3. Activity ratio d. Acid test ratio 4. Profitability ratio

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