Costing

101. Type of accounting, which focuses on whom should be asked for information and whom not will be categorized as

focused accounting
responsibility accounting
information accounting
blame accounting

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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
button" href="https://exam.pscnotes.com/mcq/type-of-accounting-which-focuses-on-whom-should-be-asked-for-information-and-whom-not-will-be-categorized-as/#more-58427">Detailed SolutionType of accounting, which focuses on whom should be asked for information and whom not will be categorized as

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

Detailed SolutionThe ordinary trading

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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
account is a locked storehouse of most valuable information to which cost system is the . . . . . . . .

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

Detailed SolutionWhen output of earlier process is transferred

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at a profit to the subsequent process, it is ________.

104. In electricity supply company uses . . . . . . . . as cost unit.

kilo watt hour
per household
voltage
None of these

Detailed SolutionIn

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electricity
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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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and support departments is known as" class="read-more button" href="https://exam.pscnotes.com/mcq/method-which-allocates-cost-of-support-department-to-operating-and-support-departments-is-known-as/#more-58399">Detailed SolutionMethod, which allocates cost of support department to operating and support departments is known as

106. Taylors differential piece rate system provides for higher rate to . . . . . . . . workers.

inefficient
efficient
Both A and B
lazy

Detailed SolutionTaylors differential piece rate system provides for higher rate

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to . . . . . . . . workers.

107. Normal spoilage is subtracted from total spoilage to calculate

abnormal spoilage
Gross weighted spoilage
inventoriable spoilage
partial spoilage

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calculate" class="read-more button" href="https://exam.pscnotes.com/mcq/normal-spoilage-is-subtracted-from-total-spoilage-to-calculate/#more-58362">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

Detailed

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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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button" href="https://exam.pscnotes.com/mcq/if-slope-coefficient-is-0-60-and-difference-in-machine-hours-is-50000-then-difference-in-cost-can-be/#more-58324">Detailed SolutionIf slope coefficient is 0.60 and difference in machine hours is 50000, then difference in cost can be

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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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="screen-reader-text">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

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