analysis of batches
analysis of batches
analysis of products
making predictions about future
Answer is Right!
Answer is Wrong!
Detailed SolutionThird step in developing operating budget is
Costing
92. Cost accounting disclose . . . . . . . .
the financial position
profit/loss of a product, job or service
effect and impact of cost on business
None of these
Answer is Right!
Answer is Wrong!
93. What is the gearing ratio if debt is Rs. 220, cash balance is Rs. 20, and equity is Rs. 300?
20%
40%
50%
30%
Answer is Right!
Answer is Wrong!
94. Determine the operating ratio if operating expenses is Rs. 60,000; sales is Rs. 9,40,000; sales return is Rs. 40,000; and cost of net goods sold is Rs. 6,60,000.
80%
15%
25%
11%
Answer is Right!
Answer is Wrong!
95. The cost of . . . . . . . . process loss is absorbed in the cost of production of good units.
abnormal
normal
Both A and B
None of these
Answer is Right!
Answer is Wrong!
96. Direct material costs are added into direct manufacturing costs to calculate
discuss costs
prime costs
resale cost
merchandise costs
Answer is Right!
Answer is Wrong!
Detailed SolutionDirect material costs are added into direct manufacturing costs to calculate
97. Costs that are incurred in last department, where product has been processed and will be carried to next department for further processing are called
partial work costs
transferred-in costs
transferred-out costs
weighted average costs
Answer is Right!
Answer is Wrong!
98. Under marginal costing, only . . . . . . . . costs are charged to products.
fixed
variable
Both A and B
None of these
Answer is Right!
Answer is Wrong!
Detailed SolutionUnder marginal costing, only . . . . . . . . costs are charged to products.
99. Which of the following would increase the cash flow of a firm?
A decrease in inventory
An increase in debtors
An increase in the prepaid expenses
A decrease in income in advance
Answer is Right!
Answer is Wrong!
Detailed SolutionWhich of the following would increase the cash flow of a firm?
100. Period costing means
Prime cost
Fixed cost
Variable cost
Semi-variable cost
Answer is Right!
Answer is Wrong!