[amp_mcq option1=”decrease in costing profit” option2=”decrease in financial accounts profit” option3=”increase in costing profit” option4=”increase in financial accounts profit” correct=”option1″]
Detailed SolutionUnder absorption of overhead expenses in cost accounting results in _________.
[amp_mcq option1=”Taxable income” option2=”Contribution margin” option3=”Performance margin” option4=”Responsibility margin” correct=”option2″]
[amp_mcq option1=”Indirect” option2=”Prime” option3=”Works” option4=”Advertisement E. Semi-variable” correct=”option1″]
Detailed Solution. . . . . . . . costs are partly fixed and partly variable in relation to output:
[amp_mcq option1=”Direct or Prime Cost” option2=”All Indirect costs” option3=”only Factory indirect costs” option4=”Only indirect expenses” correct=”option2″]
[amp_mcq option1=”Budgeted cost of labour” option2=”Estimated cost of labour” option3=”Actual cost of labour” option4=”None of these” correct=”option3″]
[amp_mcq option1=”carrying costs” option2=”relevant total costs” option3=”economic order quantity” option4=”reorder point” correct=”option4″]
[amp_mcq option1=”partial revenue” option2=”total revenue” option3=”relevant revenues” option4=”irrelevant revenues” correct=”option3″]
[amp_mcq option1=”SQ – AQ” option2=”AQ/SQ” option3=”(SQ – AQ) Ã SP” option4=”SP Ã AQ” correct=”option1″]
[amp_mcq option1=”investment planning models” option2=”financial planning models” option3=”cost planning models” option4=”revenues forecast models” correct=”option2″]
[amp_mcq option1=”Profit and loss account” option2=”Costing Profit and Loss Account” option3=”Trading Account” option4=”None of these” correct=”option1″]