[amp_mcq option1=”01:01″ option2=”02:01″ option3=”03:01″ option4=”04:01″ correct=”option1″]
Costing
2. . . . . . . . . aids in price fixation.
[amp_mcq option1=”Financial accounting” option2=”Cost accounting” option3=”Management accounting” option4=”None of these” correct=”option3″]
3. An assumption of specification analysis states: any observation does not belong to any other observation’s residual value, is classified as
[amp_mcq option1=”independence of residuals” option2=”dependence of residuals” option3=”independence of correlation” option4=”dependence of residuals” correct=”option1″]
4. General profitability ratios are on the basis of
[amp_mcq option1=”Investments” option2=”Sales” option3=”Both A and B” option4=”None of the above” correct=”option3″]
Detailed SolutionGeneral profitability ratios are on the basis of
5. A company buys 8000 units of an item for its annual requirement. Each unit costs Rs. 10, the ordering cost per order is Rs. 30 and the carrying cost is 7.5% of the average inventory per year. The economic order quantity will be
[amp_mcq option1=”566 units” option2=”800 units” option3=”2530 units” option4=”900 units” correct=”option1″]
6. In a normal accounting period, allocated amount of indirect cost is $2000 and actual amount is $2200, then this is classified as
[amp_mcq option1=”over allocated budget” option2=”under allocated budget” option3=”under allocated indirect cost” option4=”over allocated direct cost” correct=”option1″]
7. The sum of value of work certified and uncertified appearing in the Contract Account is called . . . . . . . .
[amp_mcq option1=”Work in Progress” option2=”Work in Process” option3=”Work Completed” option4=”Work Done” correct=”option1″]
8. Budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to
[amp_mcq option1=”budget production” option2=”planned production” option3=”setup production” option4=”stand by production” correct=”option1″]
9. This is a level at which normal issue of material are stopped, but issued under special condition It is ________.
[amp_mcq option1=”maximum stock level” option2=”minimum stock level” option3=”danger level” option4=”average stock level” correct=”option3″]
10. Debt equity ratio is a test of
[amp_mcq option1=”liquidity” option2=”profitability” option3=”solvency” option4=”turnover” correct=”option3″]