[amp_mcq option1=”Proprietary ratio” option2=”Earnings-yield ratio” option3=”Payout ratio” option4=”Retention ratio” correct=”option3″]
Costing
2. Cost of product failure, error prevention and appraisals can be classified under
[amp_mcq option1=”stocking costs” option2=”stock-out costs” option3=”costs of quality” option4=”shrinkage costs” correct=”option3″]
Detailed SolutionCost of product failure, error prevention and appraisals can be classified under
3. Match the items of List-I with the items of List- II and select the correct answer. List-I List-II a. Golden parachutes 1. The right to purchase a stated number of shares of company stock at today’s price in the future. b. Gain sharing 2. An incentive plan engaging employees in a common effort to achieve productivity objectives and share the gains. c. Stock-option 3. Payment companies make in connection with a change in ownership or control of a company. d. Annual bonus 4. Plans designed to motivate the short-term performance of managers, and are tied to company profitability.
[amp_mcq option1=”a-3, b-1, c-2, d-4″ option2=”a-1, b-2, c-3, d-4″ option3=”a-2, b-3, c-1, d-4″ option4=”a-3, b-2, c-1, d-4″ correct=”option1″]
4. Any output that has total positive sales is a
[amp_mcq option1=”joint product” option2=”main product” option3=”product” option4=”all of above” correct=”option4″]
Detailed SolutionAny output that has total positive sales is a
5. An inventory, which consists of partially worked goods or work in progress is called
[amp_mcq option1=”direct materials inventory” option2=”work in process inventory” option3=”finished goods inventory” option4=”indirect material inventory” correct=”option2″]
6. Systematic way of linking group of indirect cost to a cost object is classified as
[amp_mcq option1=”linked allocation base” option2=”direct allocation base” option3=”indirect allocation base” option4=”cost allocation base” correct=”option4″]
Detailed SolutionSystematic way of linking group of indirect cost to a cost object is classified as
7. In a normal accounting period, an allocated amount of indirect cost is $700 and an actual amount is $800, then this can be classified as
[amp_mcq option1=”under allocated indirect cost” option2=”over allocated direct cost” option3=”over allocated budget” option4=”under allocated budget” correct=”option1″]
8. Costs are classified as fixed or variable on basis of
[amp_mcq option1=”specific activity” option2=”given time period” option3=”common activity” option4=”both a and b” correct=”option4″]
Detailed SolutionCosts are classified as fixed or variable on basis of
9. Re-ordering level = Maximum consumption à . . . . . . . .
[amp_mcq option1=”Average re-order period” option2=”Maximum usage” option3=”Maximum re-order period” option4=”Normal usage” correct=”option2″]
Detailed SolutionRe-ordering level = Maximum consumption à . . . . . . . .
10. Evaluation criteria of regression equation must be considered as
[amp_mcq option1=”goodness of fit” option2=”economic plausibility” option3=”significance of independent variable” option4=”all of above” correct=”option4″]
Detailed SolutionEvaluation criteria of regression equation must be considered as