Costing
30 units
1,333 units
3,000 units
None of the above
Answer is Wrong!
Answer is Right!
2. “Calculate workers recruited and joined from the following: Labour turnover rates are 20%, 10% and 6% respectively under Flux method, Replacement method andSeparation method No of workers replaced during the quarter is 80”
3. Job costing used in ________.
paper mills
chemical works
printing works
textile mill
Answer is Wrong!
Answer is Right!
4. . . . . . . . . cost is irrecoverable cost.
Marginal
Out of pocket
Sunk
None of these
Answer is Wrong!
Answer is Right!
Detailed Solution. . . . . . . . cost is irrecoverable cost.
5. Which of the following is not correct?
$${ ext{Margin of Safety}} = rac{{{ ext{Profit}}}}{{rac{{ ext{P}}}{{ ext{V}}}{ ext{ratio}}}}$$
$$rac{{ ext{P}}}{{ ext{V}}}{ ext{ratio}} = rac{{{ ext{Change in contribution}}}}{{{ ext{Change in sales}}}} imes 100$$
$${ ext{Breakeven point in units}} = rac{{{ ext{Fixed Cost}}}}{{{ ext{Contribution per unit}}}}$$
$${ ext{Required sales to earn the desired profits}} = rac{{{ ext{Desired Profit}}}}{{rac{{ ext{P}}}{{ ext{V}}}{ ext{ratio}}}}$$
Answer is Wrong!
Answer is Right!
6. Units of normal spoilage are divided to total completed units, rather than total actual produced units to calculate
normal spoilage rates
abnormal spoilage rates
normal scrap rates
abnormal scrap rates
Answer is Wrong!
Answer is Right!
7. Which of the following item of expenses will not appear in cost accounting.
Direct material cost
Factory overheads
Selling Expenses
Loss on sale of fixed assets
Answer is Wrong!
Answer is Right!
Detailed SolutionWhich of the following item of expenses will not appear in cost accounting.
8. Which of the following expenditure groups are direct expenses of the business?
Salary, wages and shop rent
Stationary post and telephone bills
Wages, input vehicle expenses and local taxes
Advertisement, statutory fee and audit fee
Answer is Wrong!
Answer is Right!
Detailed SolutionWhich of the following expenditure groups are direct expenses of the business?
9. A technique for estimating regression line, which minimizes sum of vertical deviations squares is classified as
variable technique
least square technique
indexed technique
fixed technique
Answer is Wrong!
Answer is Right!
10. Target price is subtracted from per unit target operating income to calculate
total current full cost
total cost per unit
target operating income per unit
target cost per unit
Answer is Wrong!
Answer is Right!
Detailed SolutionTarget price is subtracted from per unit target operating income to calculate