Costing

[amp_mcq option1=”Management” option2=”Machines” option3=”Materials” option4=”Workers” correct=”option2″]

Detailed SolutionVED analysis is related to

[amp_mcq option1=”A high Earning Per Share (EPS)” option2=”The management is not ploughing back enough profit” option3=”The management is ploughing back profit” option4=”The company is earning high profit” correct=”option2″]

Detailed SolutionWhat does a high payout ratio indicate?

[amp_mcq option1=”Rs. 720″ option2=”Rs. 540″ option3=”Rs. 600″ option4=”Rs. 900″ correct=”option1″]

Detailed SolutionA 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?

[amp_mcq option1=”plotting data” option2=”plotting costs” option3=”plotting cost drivers” option4=”plotting curved line” correct=”option1″]

Detailed SolutionGraphical representation of cost driver data and costs is considered as

[amp_mcq option1=”revenue allocation” option2=”revenue object” option3=”revenue increment” option4=”reciprocal revenue” correct=”option1″]

Detailed SolutionProcess in which earned revenue is related to specific revenue object, which can cannot trace it in cost effective way is known as

[amp_mcq option1=”estimated” option2=”historical” option3=”actual” option4=”None of these” correct=”option2″]

Detailed SolutionCost accounting is based on . . . . . . . . . figures.

[amp_mcq option1=”100″ option2=”25″ option3=”50″ option4=”75″ correct=”option3″]

Detailed SolutionIf residual error is 25 and predicted cost value is 50, then observed cost value would be

[amp_mcq option1=”Which changes in total in proportion to changes in output” option2=”which is partly fixed and partly variable in relation to output” option3=”Which do not change in total during a given period despite changes in output” option4=”which remains same for each unit of output” correct=”option3″]

Detailed SolutionFixed cost is a cost:

[amp_mcq option1=”Process” option2=”Service” option3=”Multiple” option4=”Job” correct=”option1″]

Detailed Solution. . . . . . . . costing is used in transport undertakings.

[amp_mcq option1=”Taxes” option2=”Interest payments” option3=”Dividends” option4=”Depreciation” correct=”option4″]

Detailed SolutionWhich of the following is not a cash outflow for the firm?