Costing

1091. Costs associated with storage of finished goods such as spoilage, obsolescence and insurance of goods are classified as

carrying costs
purchasing costs
stock-out costs
ordering costs

Detailed SolutionCosts associated with storage of finished goods

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such as spoilage, obsolescence and insurance of goods are classified as

1092. Schedule of expected disbursements and cash receipts is considered as

planned schedule
cash budget
market budget
price schedule

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button" href="https://exam.pscnotes.com/mcq/schedule-of-expected-disbursements-and-cash-receipts-is-considered-as/#more-43713">Detailed SolutionSchedule of expected disbursements and cash receipts is considered as

1093. The main objective of Cost Accounting is to

Maximise profits of the organisation
Determine the selling price of goods and services
Provide information to management for decision making
Help in valuation of inventory of finished goods

Detailed SolutionThe main objective of Cost Accounting is to

1094. System which measures budget, action and plan of each responsibility center is known as

budgeted accounting
action accounting
planned accounting
responsibility accounting

Detailed SolutionSystem

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which measures budget, action and plan of each responsibility center is known as

1095. Under which method of inventory valuation at the time of value increasing/appreciation, current assets will be valued at lower value

LIFO
FIFO
Simple average method
None of the above

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button" href="https://exam.pscnotes.com/mcq/under-which-method-of-inventory-valuation-at-the-time-of-value-increasing-appreciation-current-assets-will-be-valued-at-lower-value/#more-43679">Detailed SolutionUnder which method of inventory valuation at the time of value increasing/appreciation, current assets will be valued at lower value

1096. If residual error is 51 and predicted cost value is 37, then observed cost value will be

14
88
24
68

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be" class="read-more button" href="https://exam.pscnotes.com/mcq/if-residual-error-is-51-and-predicted-cost-value-is-37-then-observed-cost-value-will-be/#more-43672">Detailed SolutionIf residual error is 51 and predicted cost value is 37, then observed cost value will be

1097. Stage in production process, where manufactured goods are checked; whether units are acceptable or not is classified as

rework point
inspection point
spoilage point
scrap point

Detailed SolutionStage

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in production process, where manufactured goods are checked; whether units are acceptable or not is classified as

1098. A budget which is prepared in a manner so as to give the budgeted cost for any level of activity is known as:

Master budget
Zero base budget
(Functional budget
Flexible budget

Detailed SolutionA budget which is prepared in a manner so

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as to give the budgeted cost for any level of activity is known as:

1099. Under which of the cost differences international trade would not take place?

Equal
Comparative
Absolute
All of these

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0 576 512"> Subscribe on YouTube button" href="https://exam.pscnotes.com/mcq/under-which-of-the-cost-differences-international-trade-would-not-take-place/#more-43602">Detailed SolutionUnder which of the cost differences international trade would not take place?

1100. Which of the following is not an example of financing activities with reference to cash flow statement?

Repayment of bank loan
Interest on debentures or dividend paid
Cash proceeds from public deposits
Sale of fixed assets

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class="youtube-icon"> Subscribe on YouTube class="read-more button" href="https://exam.pscnotes.com/mcq/which-of-the-following-is-not-an-example-of-financing-activities-with-reference-to-cash-flow-statement/#more-43582">Detailed SolutionWhich of the following is not an example of financing activities with reference to cash flow statement?

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