Contribution = Fixed assets
Sales revenue = Total cost - Variable cost
Profit = Fixed cost + Variable cost
Sales revenue = Variable cost
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Answer is Wrong!
Detailed SolutionWhich of the following is correct at break-even point?
Costing
172. In activity based costing method implementation, indirect costs are allocated by using the
no cost pool
One or two cost pools
sustained tracing
support tracing
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Answer is Wrong!
173. Comprehensive machine hour rate includes ________.
machine operators wages
managing directors salary
income tax
office rent
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Answer is Wrong!
Detailed SolutionComprehensive machine hour rate includes ________.
174. Cost accounting is based on-
Single accounting system
Indian book-keeping system
Double accounting system
None of the above
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Answer is Wrong!
175. Which method of costing is used in hospitals?
Operational cost determination
Unit cost determination
Sub work cost determination
Group cost determination
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Answer is Wrong!
Detailed SolutionWhich method of costing is used in hospitals?
176. Multiple costing is a technique of using two or more costing methods for ascertainment of cost by _______.
the same firm
the several firms
the same industry
the several industries
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177. In accounting system, a document which consists of all assigned cost for specific job is classified as
job cost record
job cost sheet
source document
both a and b
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178. Arrange the following categories of cash inflows and cash outflows in a correct order. 1. Cash flows from investing activities. 2. Cash flows from financing activities. 3. Cash flows from operating activities.
3, 1, 2
1, 3, 2
3, 2, 1
2, 1, 3
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179. Third step in process costing system is to
summarize flow of output
compute output in units
summarize total costs
compute cost for each equivalent unit
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180. Under which method of wage payment, wages are influenced by idle time?
Straight piece rate
Differential piece rate
Premium and bonus plan
Time wage rate
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Answer is Wrong!
Detailed SolutionUnder which method of wage payment, wages are influenced by idle time?