[amp_mcq option1=”cost and cost object” option2=”price and cost driver” option3=”dependent variable and cost driver” option4=”independent variable and cost driver” correct=”option4″]
Costing
12. Period costs charged to . . . . . . . .
[amp_mcq option1=”cost of production” option2=”products” option3=”period” option4=”None of these” correct=”option3″]
13. Match the List-I with the items of List-II relating to human resource planning activities, and indicate the correct matching. List-I List-II a. Forecasting 1. Optimal employment b. Inventorying 2. Development activities c. Anticipating manpower problems 3. Mathematical projections of industrial trend d. Planning programmes 4. Projecting present resources into future
[amp_mcq option1=”a-2, b-1, c-4, d-3″ option2=”a-1, b-4, c-3, d-2″ option3=”a-4, b-2, c-1, d-3″ option4=”a-3, b-1, c-4, d-2″ correct=”option1″]
14. Fixed cost per unit . . . . . . . . with increase in output.
[amp_mcq option1=”increases” option2=”decreases” option3=”remains constant” option4=”increases at a decreasing rate E. increases proportionately” correct=”option2″]
Detailed SolutionFixed cost per unit . . . . . . . . with increase in output.
15. The break-even point in umts is calculated using
[amp_mcq option1=”fixed expenses and the contribution margin ratio” option2=”variable expenses and the contribution margin ratio” option3=”fixed expenses and the unit contribution margin” option4=”variable expenses and the unit contribution margin” correct=”option3″]
Detailed SolutionThe break-even point in umts is calculated using
16. The sum of factory cost/work cost and administrative overheads is called
[amp_mcq option1=”Factory cost” option2=”Production cost” option3=”Direct cost” option4=”None of these” correct=”option2″]
Detailed SolutionThe sum of factory cost/work cost and administrative overheads is called
17. Function which is used to measure decline in per unit cost of different business functions is classified as
[amp_mcq option1=”mixed curve” option2=”experience curve” option3=”discrete curve” option4=”fixed curve” correct=”option2″]
18. Prime cost includes _______.
[amp_mcq option1=”direct materials, direct wages and indirect expenses” option2=”indirect materials and indirect labour and indirect expenses” option3=”direct materials, direct wages and direct expenses” option4=”direct materials, indirect wages and indirect expenses” correct=”option3″]
19. Recreation expenses in factory are apportioned on the basis of ________.
[amp_mcq option1=”material cost” option2=”wages” option3=”prime cost” option4=”number of employees” correct=”option4″]
Detailed SolutionRecreation expenses in factory are apportioned on the basis of ________.
20. “Calculate the value of closing stock from the following according to LIFO method: 1st January, 20XX: Opening balance: 50 units @ Rs 4 Receipts: 5th January, 20XX: 100 units @ Rs 5 12th January, 20XX: 200 units @ Rs 4.50 Issues: 2nd January, 20XX: 30 units 18th January, 20XX: 150 units”
[amp_mcq option1=”Rs. 765″ option2=”Rs. 805″ option3=”Rs. 786″ option4=”Rs. 700″ correct=”option1″]