stock-out costs
ordering costs
carrying costs
purchasing costs
Answer is Right!
Answer is Wrong!
Detailed SolutionCosts of goods acquired from suppliers is classified as
Costing
122. Worker’s participation implies their right to take part in:
Annual general meeting
Decision making
Share holding
Profit sharing
Answer is Right!
Answer is Wrong!
Detailed SolutionWorker’s participation implies their right to take part in:
123. . . . . . . . . Accounting is not only a positive science but also a normative science because it includes techniques of budgetary control and standard costing.
Financial
Cost
Both A and B
None of these
Answer is Right!
Answer is Wrong!
124. The P/v ratio of a company is 50% and margin of safety is 40%. If present sales is Rs 30,00,000 then Break Even Point in Rs will be
Rs 9,00,000
Rs 18,00,000
Rs 5,00,000
None of the above
Answer is Right!
Answer is Wrong!
125. . . . . . . . . are costs which have been applied against revenue of particular accounting period.
Expenses
Income
Loss
None of these
Answer is Right!
Answer is Wrong!
126. In marginal costing, contribution is equal to
Sales - Fixed cost
Sales - Variable cost
Sales - Profit
Sales - Variable Cost + Fixed cost
Answer is Right!
Answer is Wrong!
Detailed SolutionIn marginal costing, contribution is equal to
127. Third step in constant gross margin percentage NRV Method to allocate joint cost is to compute
Gross margin percentage
total production cost of each product
allocated joint costs
cost of split off point
Answer is Right!
Answer is Wrong!
128. Depreciation is . . . . . . . . expenditure.
fixed
variable
adjustable
semi-variable
Answer is Right!
Answer is Wrong!
Detailed SolutionDepreciation is . . . . . . . . expenditure.
129. A job is budgeted to require 3,300 productive hours after incurring 25% idle time. If the total labour cost budgeted for the job is Rs 36,300. What is the labour cost per hour( to the nearest cent)?
Rs 8.25
Rs 8.80
Rs 11.00
Rs 14.67
Answer is Right!
Answer is Wrong!
130. Labour turnover is ______.
productivity of labour
efficiency of the labour
change in labour force
total cost of the labour
Answer is Right!
Answer is Wrong!