focused accounting
responsibility accounting
information accounting
blame accounting
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Costing
102. The ordinary trading account is a locked storehouse of most valuable information to which cost system is the . . . . . . . .
key
lock
house
None of these
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103. When output of earlier process is transferred at a profit to the subsequent process, it is ________.
inter departmental profit
abnormal gain
inter process profit
manufacturing profit
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104. In electricity supply company uses . . . . . . . . as cost unit.
kilo watt hour
per household
voltage
None of these
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Detailed SolutionIn electricity supply company uses . . . . . . . . as cost unit.
105. Method, which allocates cost of support department to operating and support departments is known as
indirect method
direct method
step down method
reciprocal method
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106. Taylors differential piece rate system provides for higher rate to . . . . . . . . workers.
inefficient
efficient
Both A and B
lazy
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107. Normal spoilage is subtracted from total spoilage to calculate
abnormal spoilage
Gross weighted spoilage
inventoriable spoilage
partial spoilage
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Detailed SolutionNormal spoilage is subtracted from total spoilage to calculate
108. In linear cost function, which is y = a + bx, y is classified as
predicted fixed cost
predicted variable cost
predicted cost
predicted price
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Detailed SolutionIn linear cost function, which is y = a + bx, y is classified as
109. If slope coefficient is 0.60 and difference in machine hours is 50000, then difference in cost can be
$68,700
$58,700
$30,000
$83,333.34
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110. Match the following. List-I List-II a. Debtor’s turnover ratio 1. Solvency ratio b. Proprietary ratio 2. Liquidity ratio c. Operating ratio 3. Activity ratio d. Acid test ratio 4. Profitability ratio
a-2, b-4, c-3, d-1
a-3, b-2, c-1, d-4
a-3, b-1, c-4, d-2
a-4, b-3, c-2, d-1
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Answer is Wrong!