[amp_mcq option1=”back-flush trails” option2=”audit trails” option3=”trigger trails” option4=”lead manufacturing trails” correct=”option1″]
Costing
12. Factory overhead is also called as ________.
[amp_mcq option1=”sundry overhead” option2=”extra overhead” option3=”works overhead” option4=”total overhead” correct=”option3″]
Detailed SolutionFactory overhead is also called as ________.
13. First step in estimation of cost function by using quantitative analysis is to
[amp_mcq option1=”choose price estimation method” option2=”choose dependent variable” option3=”choose independent variable” option4=”choose cost estimation method” correct=”option4″]
Detailed SolutionFirst step in estimation of cost function by using quantitative analysis is to
14. Marginal cost is a:
[amp_mcq option1=”Additional cost” option2=”Full cost” option3=”Pure cost” option4=”None of these” correct=”option1″]
15. An estimation of relationship between two or more independent variables and dependent variable is classified as
[amp_mcq option1=”One variable series” option2=”multiple regression” option3=”simple regression” option4=”Two way regression” correct=”option2″]
16. If coefficients are similar for two accounting periods, then single cost relationship is estimated with help of
[amp_mcq option1=”data of fixed cost” option2=”cost driver of data” option3=”pool of data” option4=”cost object of data” correct=”option2″]
17. Types of spoilage include
[amp_mcq option1=”normal spoilage” option2=”abnormal spoilage” option3=”weighted spoilage” option4=”both a and b” correct=”option2″]
18. Operating costing is more suitable for ________ industries
[amp_mcq option1=”profit” option2=”Services” option3=”Profit and service” option4=”government organisation” correct=”option2″]
Detailed SolutionOperating costing is more suitable for ________ industries
19. Which of the following are the benefits of responsibility accounting? I. It facilitates the centralization of decision-making. II. It provides a system of closer control. III. It measures the performance of individuals in an objective manner. IV. It develops a sense of cost-consciousness among managers and their subordinates.
[amp_mcq option1=”I, II and III” option2=”II, III and IV” option3=”I, II and IV” option4=”I, III and IV” correct=”option4″]
20. Which of the following are the methods of determining cost behaviour? I. High and low point method II. Least square regression method III. Accounting or analytical approach IV. Non-parametric method Choose the correct answer from the options given below
[amp_mcq option1=”I, II and IV” option2=”I, III, and IV” option3=”II, III and IV” option4=”I, II and III” correct=”option4″]