Costing Archives

11. VED analysis is related to

Management

Machines

Materials

Workers

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Detailed SolutionVED analysis is

related to

12. What does a high payout ratio indicate?

A high Earning Per Share (EPS)

The management is not ploughing back enough profit

The management is ploughing back profit

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Answer is Wrong!

Detailed SolutionWhat does a high payout ratio indicate?

13. A worker is allowed 60 hours to complete the job on a guaranteed wage of Rs 10 per hour Under the Rowan Plan, he gets an hourly wage of Rs 12 per hour For the same saving in time, how much he will get under the Halsey Plan?

Rs. 720

Rs. 540

Rs. 600

Rs. 900

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Answer is Wrong!

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much he will get under the Halsey Plan?" class="read-more button" href="https://exam.pscnotes.com/mcq/a-worker-is-allowed-60-hours-to-complete-the-job-on-a-guaranteed-wage-of-rs-10-per-hour-under-the-rowan-plan-he-gets-an-hourly-wage-of-rs-12-per-hour-for-the-same-saving-in-time-how-much-he-will-get/#more-49278">Detailed Solution

14. Graphical representation of cost driver data and costs is considered as

plotting data

plotting costs

plotting cost drivers

plotting curved line

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Detailed

Solution

15. Process in which earned revenue is related to specific revenue object, which can cannot trace it in cost effective way is known as

revenue allocation

revenue object

revenue increment

reciprocal revenue

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cannot trace it in cost effective way is known as" class="read-more button" href="https://exam.pscnotes.com/mcq/process-in-which-earned-revenue-is-related-to-specific-revenue-object-which-can-cannot-trace-it-in-cost-effective-way-is-known-as/#more-49238">Detailed Solution

16. Cost accounting is based on . . . . . . . . . figures.

estimated

historical

actual

None of these

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Detailed SolutionCost accounting is based

on . . . . . . . . . figures.

17. If residual error is 25 and predicted cost value is 50, then observed cost value would be

100

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button" href="https://exam.pscnotes.com/mcq/if-residual-error-is-25-and-predicted-cost-value-is-50-then-observed-cost-value-would-be/#more-49221">Detailed Solution