Costing

11. _____________ is a detailed budget of cash receipts and cash expenditure incorporating both revenue and capital items.

Cash Budget
Capital Expenditure Budget
Sales Budget
Overhead Budget

Detailed

Subscribe on YouTube
Solution_____________ is
Join Our Telegram Channel
a detailed budget of cash receipts and cash expenditure incorporating both revenue and capital items.

12. If an actual manufacturing overhead costs is $485000 and actual total quantity of cost allocation base is 4500 labour hours, then overhead rate would be

109.87
$107.78
$106.56
$104.34

Detailed SolutionIf an actual manufacturing overhead costs is $485000 and actual total quantity of cost allocation

Join Our Telegram Channel
Subscribe on YouTube
base is 4500 labour hours, then overhead rate would be

13. Budget, which predicts effect of given level of operations on a cash position is classified as

market budget
price schedule
planned schedule
cash budget

Join Our Telegram Channel

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
position is classified as" class="read-more button" href="https://exam.pscnotes.com/mcq/budget-which-predicts-effect-of-given-level-of-operations-on-a-cash-position-is-classified-as/#more-44048">Detailed SolutionBudget, which predicts effect of given level of operations on a cash position is classified as

14. Material mix variance = standard cost of standard mix – . . . . . . . .

Actual cost of actual mix
Actual cost of standard mix
Standard cost of actual mix
Standard cost of budgeted mix

Join Our Telegram Channel
Subscribe on YouTube
. ." class="read-more button" href="https://exam.pscnotes.com/mcq/material-mix-variance-standard-cost-of-standard-mix/#more-44030">Detailed SolutionMaterial mix variance = standard cost of standard mix – . . . . . . . .

15. Under inflationary conditions a higher value of inventory is assigned under:

LIFO method
FIFO method
Weighted average method
None of the above

Join Our Telegram Channel
Subscribe on YouTube
assigned under:" class="read-more button" href="https://exam.pscnotes.com/mcq/under-inflationary-conditions-a-higher-value-of-inventory-is-assigned-under/#more-44029">Detailed SolutionUnder inflationary conditions a higher value of inventory is assigned under:

16. Contribution less fixed cost is

Profit
Sales
Price
MOS

Detailed SolutionContribution less fixed

Join Our Telegram Channel
Subscribe on YouTube
cost is

17. Method, which allocates cost of support department for operating departments by recognizing all mutual services provided is classified as

indirect method
direct method
step down method
reciprocal method

Detailed SolutionMethod, which allocates cost of support

Subscribe on YouTube
Join Our Telegram Channel
department for operating departments by recognizing all mutual services provided is classified as

18. Higher and accurate budgeted profit forecast of managers lead to

high incentive bonus
low incentive bonus
influence bonus
revenue bonus

Join Our Telegram Channel

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 to" class="read-more button" href="https://exam.pscnotes.com/mcq/higher-and-accurate-budgeted-profit-forecast-of-managers-lead-to/#more-43993">Detailed SolutionHigher and accurate budgeted profit forecast of managers lead to

19. Direct cost assignment for specific cost object is classified as

cost object line cost
cost tracing
cost object indirect cost
cost object staff cost

Join Our Telegram Channel

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 as" class="read-more button" href="https://exam.pscnotes.com/mcq/direct-cost-assignment-for-specific-cost-object-is-classified-as/#more-43940">Detailed SolutionDirect cost assignment for specific cost object is classified as

20. Approaches to allocate costs of support department do not include

sales mix allocation method
dual-rate cost-allocation method
single rate cost allocation method
both b and c

Join Our Telegram Channel
Subscribe on YouTube
costs of support department do not include" class="read-more button" href="https://exam.pscnotes.com/mcq/approaches-to-allocate-costs-of-support-department-do-not-include/#more-43918">Detailed SolutionApproaches to allocate costs of support department do not include

Page 1Page 2Page 3Page 4Page 5
Test 1Test 2Test 3Test 4Test 5Test 6Test 7Test 8Test 9Test 10Test 11Test 12Test 13Test 14Test 15Test 16Test 17Test 18Test 19Test 20Test 21Test 22Test 23Test 24