Costing

1021. Process a/c is ________.

nominal a/c
a real a/c
personal a/c
either nominal or real a/c

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is ________." class="read-more button" href="https://exam.pscnotes.com/mcq/process-a-c-is-________/#more-44659">Detailed SolutionProcess a/c is ________.

1023. Which of the following is an abnormal cause of Idle time:

Time taken by workers to travel the distance between the main gate of factory and place of their work
Time lost between the finish of one job and starting of next job
Machine break downs

Detailed SolutionWhich of the following is an abnormal cause of Idle time:

1024. If number of units are 3000 and per unit price is $500, then flexible budget variable will be

$1,500,000
$2,500,000
$3,500,000
$4,500,000

Detailed SolutionIf number of

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units are 3000 and per unit price is $500, then flexible budget variable will be

1025. Budgeted direct labour hours are multiplied to direct labour cost rate to calculate

expected total direct labour cost
budgeted total direct labour cost
budgeted total indirect labour cost
expected labour hours

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title="Budgeted direct labour hours are multiplied to direct labour cost rate to calculate" class="read-more button" href="https://exam.pscnotes.com/mcq/budgeted-direct-labour-hours-are-multiplied-to-direct-labour-cost-rate-to-calculate/#more-44610">Detailed SolutionBudgeted direct labour hours are multiplied to direct labour cost rate to calculate

1026. . . . . . . . . expenses are excluded from cost.

Normal
Abnormal
Both A and B
None of these

Detailed Solution.

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. . . . . . . expenses are excluded from cost.

1027. Wages paid to a labour who was engaged in production activities can be termed as _______.

direct cost
indirect cost
sunk cost
imputed cost

Detailed SolutionWages paid

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to a labour who was engaged in production activities can be termed as _______.

1028. When the actual loss is more than the estimated loss, the difference between the two is considered to be . . . . . . . .

abnormal loss
normal loss
loss
None of these

Detailed

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SolutionWhen the actual loss is more than the estimated loss, the difference between the two is considered to be . . . . . . . .

1029. Cost plus contract is useful for-

Contractor
Contractee
Both A and B
None of these

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288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube class="read-more button" href="https://exam.pscnotes.com/mcq/cost-plus-contract-is-useful-for/#more-44524">Detailed SolutionCost plus contract is useful for-

1030. Assertion (A): A high operating ratio indicates a favourable position. Reason (R): A high operating ratio leaves a high margin to meet non-operating expenses.

Both (A) and (R) are correct, and (R) correctly explains (A)
Both (A) and (R) are correct, but (R) does not explain (A)
Both (A)and (R) are incorrect

Detailed SolutionAssertion (A): A high operating ratio indicates a favourable position. Reason (R): A high operating ratio leaves a high margin to meet non-operating expenses.

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