Costing
cost per good units transferred out
cost per good units transferred in
revenue per good units transferred out
revenue per good units transferred in
Answer is Right!
Answer is Wrong!
12. Activity Ratio =
$$rac{{{ ext{Number of actual working days in a period}}}}{{{ ext{Number of working days in the budget period}}}} imes 100$$
$$rac{{{ ext{Actual hours worked}}}}{{{ ext{Budgeted hours}}}} imes 100$$
$$rac{{{ ext{Standard hours for actual production}}}}{{{ ext{Actual hours worked}}}} imes 100$$
$$rac{{{ ext{Standard hours for actual production}}}}{{{ ext{Budgeted standard hours}}}} imes 100$$
Answer is Right!
Answer is Wrong!
13. The labour rate of pay variance can be calculated by which of the following equations?
Budgeted labour costs - Actual labour costs
(Standard hours - Actual hours) Ã Actual wage rate
(Standard wage rate - Actual wage rate) Ã Actual hours worked
(Standard wage rate - Actual wage rate) Ã Standard hours worked
Answer is Right!
Answer is Wrong!
14. In regression equation Y = $6000 + (per unit cost x number of units), ‘$6000’ is a
constant
variable
expression
base and exponent
Answer is Right!
Answer is Wrong!
Detailed SolutionIn regression equation Y = $6000 + (per unit cost x number of units), ‘$6000’ is a
15. Which one out of the following is not an inventory valuation method?
FIFO
LIFO
Weighted Average
EOQ
Answer is Right!
Answer is Wrong!
Detailed SolutionWhich one out of the following is not an inventory valuation method?
16. Strength of relationship between cost driver and cost is considered as
badness of residual
goodness of residual
badness of fit
goodness of fit
Answer is Right!
Answer is Wrong!
Detailed SolutionStrength of relationship between cost driver and cost is considered as
17. Consider the following. 1. Basic defensive and interval ratio 2. Current ratio 3. Super quick ratio 4. Quick ratio Arrange these ratios in sequence to reflect the liquidity in descending order.
2, 4, 3 and 1
1, 2, 4 and 3
4, 2, 3 and 1
3, 4, 1 and 2
Answer is Right!
Answer is Wrong!
18. Variance used by managers to check whether company has performed well and properly implemented strategies is considered as
strategic implementation
proper implementation
performance evaluation
well evaluated
Answer is Right!
Answer is Wrong!
19. ‘EOQ’ is used in:
Inventory Management
Receivables Management
Cash Management
Ratio Analysis
Answer is Right!
Answer is Wrong!
20. A group items in ABC system of inventory control are
Small number of items with large rupee investment
Large number of items with large rupee investment
Large number of items with small money investment
Very high quality items
Answer is Right!
Answer is Wrong!
Detailed SolutionA group items in ABC system of inventory control are