Costing

11. What is the most useful information derived from a break-even chart?

Relationship between revenue and costs at various levels of output
Volume or output level at which the enterprises break-even
Amount of sales revenue needed to cover enterprise variable costs
Amount of sales revenue needed to cover enterprise fixed costs

Join Our Telegram Channel
Subscribe on YouTube

break-even chart?" class="read-more button" href="https://exam.pscnotes.com/mcq/what-is-the-most-useful-information-derived-from-a-break-even-chart/#more-56158">Detailed SolutionWhat is the most useful information derived from a break-even chart?

12. Individual activities such as machine setups, material handling, customer service and distribution of products are a part of

activity based costing
margin based costing
goodness of costing
handling based costing

Join Our Telegram Channel

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
service and distribution of products are a part of" class="read-more button" href="https://exam.pscnotes.com/mcq/individual-activities-such-as-machine-setups-material-handling-customer-service-and-distribution-of-products-are-a-part-of/#more-56151">Detailed SolutionIndividual activities such as machine setups, material handling, customer service and distribution of products are a part of

13. If the present cost of the car is Rs. 1,00,000 residual value at the end of the 5th year is Rs. 20,000, the monthly depreciation is . . . . . . . .

Rs. 20,000
Rs. 16,000
Rs. 1,333
Rs. 17,333

Join Our Telegram Channel
Subscribe on YouTube

5th year is Rs. 20,000, the monthly depreciation is . . . . . . . ." class="read-more button" href="https://exam.pscnotes.com/mcq/if-the-present-cost-of-the-car-is-rs-100000-residual-value-at-the-end-of-the-5th-year-is-rs-20000-the-monthly-depreciation-is/#more-56144">Detailed SolutionIf the present cost of the car is Rs. 1,00,000 residual value at the end of the 5th year is Rs. 20,000, the monthly depreciation is . . . . . . . .

14. Which of the following organisations should not be advised to use service costing?

Distribution service
Hospital
Maintenance division of a manufacturing company
A light engineering company

Join Our Telegram Channel

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 use service costing?" class="read-more button" href="https://exam.pscnotes.com/mcq/which-of-the-following-organisations-should-not-be-advised-to-use-service-costing/#more-56127">Detailed SolutionWhich of the following organisations should not be advised to use service costing?

15. In accounting, cost incurred in past or in historical financial statements is classified as

actual cost
budgeted cost
past cost
incurred cost

Detailed SolutionIn accounting, cost incurred

Join Our Telegram Channel
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

in past or in historical financial statements is classified as

16. Cost-plus pricing is considered appropriate for: (I) Product Tailoring (II) Public Utility Pricing (III) Refusal Pricing (IV) Monopoly Pricing

I and II only
I, II and III only
II, III and IV only
III and IV only

Subscribe on YouTube

class="read-more-container"> Join Our Telegram Channel (III) Refusal Pricing (IV) Monopoly Pricing" class="read-more button" href="https://exam.pscnotes.com/mcq/cost-plus-pricing-is-considered-appropriate-for-i-product-tailoring-ii-public-utility-pricing-iii-refusal-pricing-iv-monopoly-pricing/#more-56110">Detailed SolutionCost-plus pricing is considered appropriate for: (I) Product Tailoring (II) Public Utility Pricing (III) Refusal Pricing (IV) Monopoly Pricing

17. 100 units are introduced in a process in which normal loss is 5% of input If actual output is 97 then there is ________.

no abnormal loss and normal gain
2 units of abnormal gain
3 units of abnormal gain
3 units of normal loss

Detailed Solution100 units are introduced in a

Join Our Telegram Channel
Subscribe on YouTube
process in which normal loss is 5% of input If actual output is 97 then there is ________.

18. Support department cost allocation method which makes no difference between variable and fixed costs is classified as

sales mix allocation method
dual-rate cost-allocation method
single rate cost allocation method
quantity variance allocation method

Join Our Telegram Channel
Subscribe on YouTube

method which makes no difference between variable and fixed costs is classified as" class="read-more button" href="https://exam.pscnotes.com/mcq/support-department-cost-allocation-method-which-makes-no-difference-between-variable-and-fixed-costs-is-classified-as/#more-56098">Detailed SolutionSupport department cost allocation method which makes no difference between variable and fixed costs is classified as

19. Which of the following are possible causes of material price variance? 1. Change in market price. 2. Use of poor quality of material. 3. Inefficient buying. 4. Untimely buying. 5. Paying overtime for urgent work. 6. Use of substitute material of different prices. Select the correct answer

1, 3, 4 and 6
2, 3, 5 and 6
3, 4, 5 and 6
1, 3, 5 and 6

Join Our Telegram Channel

correct answer" class="read-more button" href="https://exam.pscnotes.com/mcq/which-of-the-following-are-possible-causes-of-material-price-variance-1-change-in-market-price-2-use-of-poor-quality-of-material-3-inefficient-buying-4-untimely-buying-5-paying-overtime-for/#more-56093">Detailed Solution Subscribe on YouTube class="screen-reader-text">Which of the following are possible causes of material price variance? 1. Change in market price. 2. Use of poor quality of material. 3. Inefficient buying. 4. Untimely buying. 5. Paying overtime for urgent work. 6. Use of substitute material of different prices. Select the correct answer

20. Why is profit volume ratio used? 1. To compute the variable cost for any volume of sales. 2. To determine break-even point and the level of output required to earn a desired profit. 3. To decide most profitable sales mix. Select the correct answer

Both 1 and 2
Both 2 and 3
Both 1 and 3
All of these

Join Our Telegram Channel

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 a desired profit. 3. To decide most profitable sales mix. Select the correct answer" class="read-more button" href="https://exam.pscnotes.com/mcq/why-is-profit-volume-ratio-used-1-to-compute-the-variable-cost-for-any-volume-of-sales-2-to-determine-break-even-point-and-the-level-of-output-required-to-earn-a-desired-profit-3-to-decide-most/#more-56084">Detailed SolutionWhy is profit volume ratio used? 1. To compute the variable cost for any volume of sales. 2. To determine break-even point and the level of output required to earn a desired profit. 3. To decide most profitable sales mix. Select the correct answer
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
Exit mobile version