Costing

[amp_mcq option1=”semi-variable” option2=”variable” option3=”fixed” option4=”None of these” correct=”option3″]

Detailed SolutionAdministration expenses are mostly . . . . . . . .

[amp_mcq option1=”$$\frac{{{\text{TFC}}}}{{\text{Q}}}$$” option2=”$$\frac{{\text{Q}}}{{{\text{FC}}}}$$” option3=”$$\frac{{{\text{TFC}}}}{{{\text{FC}}}}$$” option4=”$$\frac{{{\text{FC}}}}{{{\text{TC}}}}$$” correct=”option1″]

Detailed SolutionAFC is computed by:

[amp_mcq option1=”a-3, b-4, c-1, d-2″ option2=”a-3, b-1, c-4, d-2″ option3=”a-4, b-3, c-1, d-2″ option4=”a-4, b-3, c-2, d-1″ correct=”option1″]

Detailed SolutionMatch the following. List-I List-II a. Variable costing 1. Absorption costing b. Valuation of stock is higher 2. Fixed cost is excluded from inventory valuation c. Marginal and differential costs are same 3. Marginal costing d. Marginal costing 4. No change in fixed cost

[amp_mcq option1=”ascertainment of costs” option2=”allocation of costs” option3=”apportion of costs” option4=”distribution of costs” correct=”option1″]

Detailed SolutionCosting refers to the techniques and processes of ________.

[amp_mcq option1=”0% and 100%” option2=”0% and 120%” option3=”0% and 83%” option4=”None of these” correct=”option1″]

Detailed SolutionUnder Merrick’s multiple piece rate system, ordinary piece rate is given to workers whose level of performance is between . . . . . . . . of the standard output.

[amp_mcq option1=”Material only” option2=”Labour only” option3=”Expenses only” option4=”Material, Labour and expenses” correct=”option4″]

Detailed SolutionElement/s of Cost of a product are:

[amp_mcq option1=”value of materials consumed” option2=”units of material consumed” option3=”products produced” option4=”None of these” correct=”option1″]

Detailed SolutionBasis of apportionment of stores service expenses is . . . . . . . .

[amp_mcq option1=”Cost of an order” option2=”Cost of stock” option3=”Reorder level” option4=”Optimum order size” correct=”option4″]

Detailed SolutionWhat is Economic Order Quantity?

[amp_mcq option1=”curved” option2=”slightly sloped” option3=”completely sloped” option4=”dotted” correct=”option2″]

Detailed SolutionWeak relationship between cost and cost driver is indicated on a regression line, which is

[amp_mcq option1=”$6.20″ option2=”$7.20″ option3=”$4.20″ option4=”$5.20″ correct=”option1″]

Detailed SolutionIf required rate of return is 12% and per unit cost of units purchased is $35, then relevant opportunity cost of capital will be