Costing

11. Match the following. List-I List-II a. Increase in fund 1. Application of funds b. Goods purchased on credit 2. Drain in working capital c. Commission outstanding 3. Sources of funds d. Net loss 4. No flow of funds

a-4, b-3, c-2, d-1
a-4, b-3, c-1, d-2
a-3, b-4, c-1, d-2
a-3, b-4, c-2, d-1

Detailed SolutionMatch the

Join Our Telegram Channel
Subscribe on YouTube
following. List-I List-II a. Increase in fund 1. Application of funds b. Goods purchased on credit 2. Drain in working capital c. Commission outstanding 3. Sources of funds d. Net loss 4. No flow of funds

12. Service departments costs should be allocated to:

Only Service departments
Only Production departments
Both Production and service departments
None of the production and service departments

Join Our Telegram Channel

d="M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 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
class="read-more-container">Detailed SolutionService departments costs should be allocated to:

13. Difference between job time and attendance time is

job time
actual time
over time
idle time

Join Our Telegram Channel
Subscribe on YouTube
button" href="https://exam.pscnotes.com/mcq/difference-between-job-time-and-attendance-time-is/#more-43393">Detailed SolutionDifference between job time and attendance time is

14. In ratio analysis, ‘proforma analysis’ implies

making a list of all the present ratios of the firm
comparison of liquidity ratios with other kind ofratio of the firm
comparison of the ratio of the firm relating to the performance of the firm

Detailed SolutionIn ratio analysis, ‘proforma analysis’ implies

15. Budgeted annual indirect costs are divided to budgeted annual quantity of cost allocation base to calculate

expected indirect cost rate
expected direct cost rate
budgeted indirect cost rate
budgeted direct cost rate

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 divided to budgeted annual quantity of cost allocation base to calculate" class="read-more button" href="https://exam.pscnotes.com/mcq/budgeted-annual-indirect-costs-are-divided-to-budgeted-annual-quantity-of-cost-allocation-base-to-calculate/#more-43375">Detailed SolutionBudgeted annual indirect costs are divided to budgeted annual quantity of cost allocation base to calculate

16. The cost per unit of a product manufactured in a factory amounts to Rs 160 (75% variable) when the production is 10,000 units. When production increases by 25%, the cost of production will be Rs per unit.

Rs 145
Rs 150
Rs 152
Rs 140

Join Our Telegram Channel
Subscribe on YouTube
units. When production increases by 25%, the cost of production will be Rs per unit." class="read-more button" href="https://exam.pscnotes.com/mcq/the-cost-per-unit-of-a-product-manufactured-in-a-factory-amounts-to-rs-160-75-variable-when-the-production-is-10000-units-when-production-increases-by-25-the-cost-of-production-will-be-rs-per-uni/#more-43370">Detailed SolutionThe cost per unit of a product manufactured in a factory amounts to Rs 160 (75% variable) when the production is 10,000 units. When production increases by 25%, the cost of production will be Rs per unit.

17. . . . . . . . . budget gives different budgeted costs for different levels of activity.

Master
Fixed
Flexible
All of these

Detailed Solution. . . . . .

Join Our Telegram Channel
Subscribe on YouTube
. . budget gives different budgeted costs for different levels of activity.

18. In multicollinearity, correlation coefficient between two independent variables must be greater than

0.7
0.6
0.5
0.4

Detailed SolutionIn

Join Our Telegram Channel
132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 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
multicollinearity, correlation coefficient between two independent variables must be greater than

19. Increase in total variable cost is due to ________.

increase in fixed cost
increase in sales
increase in production
increase in efficiency

Join Our Telegram Channel
Subscribe on YouTube
due to ________." class="read-more button" href="https://exam.pscnotes.com/mcq/increase-in-total-variable-cost-is-due-to-________/#more-43334">Detailed SolutionIncrease in total variable cost is due to ________.

20. Which of the following is a technique of financial statement analysis?

Common-size statement
Comparative statement
Trend analysis
All of the above

Join Our Telegram Channel

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 statement analysis?" class="read-more button" href="https://exam.pscnotes.com/mcq/which-of-the-following-is-a-technique-of-financial-statement-analysis/#more-43325">Detailed SolutionWhich of the following is a technique of financial statement analysis?

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