Costing
Management
Machines
Materials
Workers
Answer is Wrong!
Answer is Right!
12. What does a high payout ratio indicate?
A high Earning Per Share (EPS)
The management is not ploughing back enough profit
The management is ploughing back profit
The company is earning high profit
Answer is Wrong!
Answer is Right!
13. A 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?
Rs. 720
Rs. 540
Rs. 600
Rs. 900
Answer is Wrong!
Answer is Right!
14. Graphical representation of cost driver data and costs is considered as
plotting data
plotting costs
plotting cost drivers
plotting curved line
Answer is Wrong!
Answer is Right!
Detailed SolutionGraphical representation of cost driver data and costs is considered as
15. Process in which earned revenue is related to specific revenue object, which can cannot trace it in cost effective way is known as
revenue allocation
revenue object
revenue increment
reciprocal revenue
Answer is Wrong!
Answer is Right!
16. Cost accounting is based on . . . . . . . . . figures.
estimated
historical
actual
None of these
Answer is Wrong!
Answer is Right!
Detailed SolutionCost accounting is based on . . . . . . . . . figures.
17. If residual error is 25 and predicted cost value is 50, then observed cost value would be
100
25
50
75
Answer is Wrong!
Answer is Right!
18. Fixed cost is a cost:
Which changes in total in proportion to changes in output
which is partly fixed and partly variable in relation to output
Which do not change in total during a given period despite changes in output
which remains same for each unit of output
Answer is Wrong!
Answer is Right!
19. . . . . . . . . costing is used in transport undertakings.
Process
Service
Multiple
Job
Answer is Wrong!
Answer is Right!
Detailed Solution. . . . . . . . costing is used in transport undertakings.
20. Which of the following is not a cash outflow for the firm?
Taxes
Interest payments
Dividends
Depreciation
Answer is Wrong!
Answer is Right!
Detailed SolutionWhich of the following is not a cash outflow for the firm?