Costing

121. Costs of goods acquired from suppliers is classified as

stock-out costs
ordering costs
carrying costs
purchasing costs

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href="https://exam.pscnotes.com/mcq/costs-of-goods-acquired-from-suppliers-is-classified-as/#more-58151">Detailed SolutionCosts of goods acquired from suppliers is classified as

122. Worker’s participation implies their right to take part in:

Annual general meeting
Decision making
Share holding
Profit sharing

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in:" class="read-more button" href="https://exam.pscnotes.com/mcq/workers-participation-implies-their-right-to-take-part-in/#more-58098">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

Detailed Solution. . . . . . . . Accounting is

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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

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then Break Even Point in Rs will be" class="read-more button" href="https://exam.pscnotes.com/mcq/the-p-v-ratio-of-a-company-is-50-and-margin-of-safety-is-40-if-present-sales-is-rs-3000000-then-break-even-point-in-rs-will-be/#more-58074">Detailed SolutionThe 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

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

Expenses
Income
Loss
None of these

Detailed Solution. . . . . .

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. . 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

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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

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gross margin percentage NRV Method to allocate joint cost
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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

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d="M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 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 href="https://exam.pscnotes.com/mcq/depreciation-is-expenditure/#more-58057">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

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hour( to the nearest cent)?" class="read-more button" href="https://exam.pscnotes.com/mcq/a-job-is-budgeted-to-require-3300-productive-hours-after-incurring-25-idle-time-if-the-total-labour-cost-budgeted-for-the-job-is-rs-36300-what-is-the-labour-cost-per-hour-to-the-nearest-cent/#more-58036">Detailed SolutionA job is budgeted to require 3,300 productive hours after incurring 25% idle time. If the
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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

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turnover is ______." class="read-more button" href="https://exam.pscnotes.com/mcq/labour-turnover-is-______/#more-58031">Detailed SolutionLabour turnover is ______.

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