Costing Archives

1101. In dependent variable cost pool, relationship between individual cost items and cost drivers can be classified as

no homogeneous relationship

homogeneous relationship

heterogeneous relationship

an extreme relationship

classified as" class="read-more button" href="https://exam.pscnotes.com/mcq/in-dependent-variable-cost-pool-relationship-between-individual-cost-items-and-cost-drivers-can-be-classified-as/#more-43581">Detailed Solution

1102. Factory overhead can be charged on the basis of _______.

material cost

labour cost

prime cost

direct expenses

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_______." class="read-more button" href="https://exam.pscnotes.com/mcq/factory-overhead-can-be-charged-on-the-basis-of-_______/#more-43562">Detailed Solution

1103. When the completion stage of the contract is more than half, the profit to be credited to Profit and Loss account will be equal to . . . . . . . .

$${rac{1}{3}^{{ ext{rd}}}}{ ext{of Notional Profit}} imes rac{{{ ext{Cash received}}}}{{{ ext{Work certified}}}}$$

$${rac{1}{2}^{{ ext{nd}}}}{ ext{of Notional Profit}} imes rac{{{ ext{Cash received}}}}{{{ ext{Work certified}}}}$$

$${rac{2}{3}^{{ ext{rd}}}}{ ext{of Notional Profit}} imes rac{{{ ext{Cash received}}}}{{{ ext{Work certified}}}}$$

$${ ext{Full Notional Profit}}$$

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half, the profit to be credited to Profit and Loss account will be equal to . . . . . . . ." class="read-more button" href="https://exam.pscnotes.com/mcq/when-the-completion-stage-of-the-contract-is-more-than-half-the-profit-to-be-credited-to-profit-and-loss-account-will-be-equal-to/#more-43550">Detailed Solution

1104. Which category of ratios is useful in assessing the capital structure and long-term solvency of a firm?

Activity ratio

Profitability ratio

Leverage ratio

Liquidity ratio

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long-term solvency of a firm?" class="read-more button" href="https://exam.pscnotes.com/mcq/which-category-of-ratios-is-useful-in-assessing-the-capital-structure-and-long-term-solvency-of-a-firm/#more-43537">Detailed Solution

1105. “What is the company’s breakeven point: Selling price – Rs 6 per unit Variable production cost – Rs 1.20 per unit Variable selling cost – Rs 0.40 per unit Fixed production cost – Rs 4 per unit Fixed selling cost – Rs 0.80 per unit Budgeted production and sales for the year are 10,000 units. “

8,000 units

8,333 units

10,000 units

10,909 units

Detailed Solution“What is the company’s breakeven point: Selling price – Rs 6 per unit Variable production cost – Rs 1.20 per unit Variable selling cost – Rs 0.40 per unit Fixed production cost – Rs 4 per unit Fixed selling cost – Rs 0.80 per unit Budgeted

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

production and sales for the year are 10,000 units. “

1106. The allotment of whole item of cost to cost centre or cost units is called _________.

cost allocation

cost apportionment

cost absorption

cost disbursement

Detailed

64 288 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

Solution

1107. Operating costing is also known as . . . . . . . . costing.

service

batch

multiple

job

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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">Operating costing is also known as . . . . . . . . costing.

1108. Calculate the labour turnover rate according to Separation method from the following: No of workers on the payroll: – At the beginning of the month: 500 – At the end of the month: 600 During the month, 5 workers left, 20 workers were discharged and 75 workers were recruited Of these, 10 workers were recruited in the vacancies of those leaving and while the rest were engaged for an expansion scheme

4.55%

1.82%

Detailed SolutionCalculate the labour turnover rate according to Separation method from the following: No of workers on the payroll: – At the beginning of the month: 500 – At the end of the month: 600 During the

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month, 5 workers left, 20 workers were discharged and 75 workers were recruited Of these, 10 workers were recruited in the vacancies of those leaving and while the rest were engaged for an expansion scheme