Costing

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

Join Our Telegram Channel
Subscribe on YouTube
techniques of budgetary control and standard costing." class="read-more button" href="https://exam.pscnotes.com/mcq/accounting-is-not-only-a-positive-science-but-also-a-normative-science-because-it-includes-techniques-of-budgetary-control-and-standard-costing/#more-58091">Detailed Solution. . . . . . . . Accounting is not only a positive science but also a normative science because it includes techniques of budgetary control and standard costing.

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

Detailed SolutionThe P/v ratio of

Join Our Telegram Channel
a company
Subscribe on YouTube
is 50% and margin of safety is 40%. If present sales is Rs 30,00,000 then Break Even Point in Rs will be

125. . . . . . . . . are costs which have been applied against revenue of particular accounting period.

Expenses
Income
Loss
None of these

Detailed Solution.

Join Our Telegram Channel
Subscribe on YouTube
. . . . . . . are costs which have been applied against revenue of particular accounting period.

126. In marginal costing, contribution is equal to

Sales - Fixed cost
Sales - Variable cost
Sales - Profit
Sales - Variable Cost + Fixed cost

Join Our Telegram Channel
Subscribe on YouTube
marginal costing, contribution is equal to" class="read-more button" href="https://exam.pscnotes.com/mcq/in-marginal-costing-contribution-is-equal-to/#more-58063">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

Join Our Telegram Channel
Subscribe on YouTube
to allocate joint cost is to compute" class="read-more button" href="https://exam.pscnotes.com/mcq/third-step-in-constant-gross-margin-percentage-nrv-method-to-allocate-joint-cost-is-to-compute/#more-58060">Detailed SolutionThird step in constant gross margin percentage NRV Method to allocate joint cost is to compute

128. Depreciation is . . . . . . . . expenditure.

fixed
variable
adjustable
semi-variable

Detailed

Subscribe on YouTube
Join Our Telegram Channel
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

Detailed SolutionA job is budgeted to

Join Our Telegram Channel
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
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)?

130. Labour turnover is ______.

productivity of labour
efficiency of the labour
change in labour force
total cost of the labour

Join Our Telegram Channel
Subscribe on YouTube
turnover is ______." class="read-more button" href="https://exam.pscnotes.com/mcq/labour-turnover-is-______/#more-58031">Detailed SolutionLabour turnover is ______.

Page 1Page 2Page 3Page 4Page 5
Test 1Test 2Test 3Test 4Test 5Test 6Test 7Test 8Test 9Test 10Test 11Test 12Test 13Test 14Test 15Test 16Test 17Test 18Test 19Test 20Test 21Test 22Test 23Test 24