Costing

153. Match the items of List-I with the items of List- II and select the correct answer. List-I List-II a. Golden parachutes 1. The right to purchase a stated number of shares of company stock at today’s price in the future. b. Gain sharing 2. An incentive plan engaging employees in a common effort to achieve productivity objectives and share the gains. c. Stock-option 3. Payment companies make in connection with a change in ownership or control of a company. d. Annual bonus 4. Plans designed to motivate the short-term performance of managers, and are tied to company profitability.

a-3, b-1, c-2, d-4
a-1, b-2, c-3, d-4
a-2, b-3, c-1, d-4
a-3, b-2, c-1, d-4

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List- II and select the correct answer. List-I List-II a. Golden parachutes 1. The right to purchase a stated number of shares of company stock at today’s price in the future. b. Gain sharing 2. An incentive plan engaging employees in a common effort to achieve productivity objectives and share the gains. c. Stock-option 3. Payment companies make in connection with a change in ownership or control of a company. d. Annual bonus 4. Plans designed to motivate the short-term performance of managers, and are tied to company profitability." class="read-more button" href="https://exam.pscnotes.com/mcq/match-the-items-of-list-i-with-the-items-of-list-ii-and-select-the-correct-answer-list-i-list-ii-a-golden-parachutes-1-the-right-to-purchase-a-stated-number-of-shares-of-company-stock-at-todays/#more-57709">Detailed SolutionMatch the items of List-I with the items of List- II and select the correct answer. List-I List-II a. Golden parachutes 1. The right to purchase a stated number of shares of company stock at today’s price in the future. b. Gain sharing 2. An incentive plan engaging employees in a common effort to achieve productivity objectives and share the gains. c. Stock-option 3. Payment companies make in connection with a change in ownership or control of a company. d. Annual bonus 4. Plans designed to motivate the short-term performance of managers, and are tied to company profitability.

154. Any output that has total positive sales is a

joint product
main product
product
all of above

Detailed

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SolutionAny output that has total positive sales is a

155. An inventory, which consists of partially worked goods or work in progress is called

direct materials inventory
work in process inventory
finished goods inventory
indirect material inventory

Detailed SolutionAn inventory,

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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
which consists of partially worked goods or work in progress is called

156. Systematic way of linking group of indirect cost to a cost object is classified as

linked allocation base
direct allocation base
indirect allocation base
cost allocation base

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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 cost object is classified as" class="read-more button" href="https://exam.pscnotes.com/mcq/systematic-way-of-linking-group-of-indirect-cost-to-a-cost-object-is-classified-as/#more-57632">Detailed SolutionSystematic way of linking group of indirect cost to a cost object is classified as

157. In a normal accounting period, an allocated amount of indirect cost is $700 and an actual amount is $800, then this can be classified as

under allocated indirect cost
over allocated direct cost
over allocated budget
under allocated budget

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class="screen-reader-text">In a normal accounting period, an allocated amount of indirect cost is $700 and an actual amount is $800, then this can be classified as

158. Costs are classified as fixed or variable on basis of

specific activity
given time period
common activity
both a and b

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variable on basis of" class="read-more button" href="https://exam.pscnotes.com/mcq/costs-are-classified-as-fixed-or-variable-on-basis-of/#more-57628">Detailed SolutionCosts are classified as fixed or variable on basis of

159. Re-ordering level = Maximum consumption × . . . . . . . .

Average re-order period
Maximum usage
Maximum re-order period
Normal usage

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class="screen-reader-text">Re-ordering level =
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Maximum consumption × . . . . . . . .

160. Evaluation criteria of regression equation must be considered as

goodness of fit
economic plausibility
significance of independent variable
all of above

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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/evaluation-criteria-of-regression-equation-must-be-considered-as/#more-57597">Detailed SolutionEvaluation criteria of regression equation must be considered as

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