Rs. 12
Rs. 14
Rs. 16
Rs. 18
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Costing
132. In master budgeting, cost drivers for manufacturing overhead costs are
direct manufacturing labour-hours
setup labour-hours
budgeted labour-hours
both a and b
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Detailed SolutionIn master budgeting, cost drivers for manufacturing overhead costs are
133. Procedure of assigning direct cost to any cost abject is classified as
sales allocation
cost tracing
cost allocation
sales tracing
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Detailed SolutionProcedure of assigning direct cost to any cost abject is classified as
134. The process of allocating and apportioning the costs on suitable basis to all the departments is _______.
departmentalization
primary distribution
secondary distribution
classification
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135. If an actual indirect cost incur is $35000 and indirect cost allocated is $43000, then under allocated indirect cost will be
$78,000
-$78000
-$8000
$8,000
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136. The preparation of a consolidated statement of accounts as per AS-21 is
Optional
Mandatory for private limited companies
Mandatory for listed companies
Mandatory for all companies
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Detailed SolutionThe preparation of a consolidated statement of accounts as per AS-21 is
137. Type of costs that cannot be traced for individual products but help in supporting an organization are classified as
individual sustaining costs
facility sustaining costs
sustained tracing
support tracing
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138. Fire insurance of stock can be apportioned on the basis of ________.
value of stock
volume of stock
number of stores requisition
material used
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Detailed SolutionFire insurance of stock can be apportioned on the basis of ________.
139. In estimation of cost function, an example of independent variable is
level of activity
quantity stored
quantity manufactured
quality of product
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Detailed SolutionIn estimation of cost function, an example of independent variable is
140. Considering dual rate method, if employees work for 8500 budgeted hours at $120 per hour and work for 9500 actual hours at $110 per hour, then total cost would be
$2,078,000
$3,078,000
$2,065,000
$3,065,000
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Answer is Wrong!