Costing

href="https://exam.pscnotes.com/mcq/total-transferred-out-cost-plus-normal-spoilage-is-divided-by-number-of-goods-units-produced-to-calculate/#more-55442">Detailed SolutionTotal transferred-out cost plus normal spoilage is divided by number of goods units produced to calculate

12. Activity Ratio =

$$rac{{{ ext{Number of actual working days in a period}}}}{{{ ext{Number of working days in the budget period}}}} imes 100$$
$$rac{{{ ext{Actual hours worked}}}}{{{ ext{Budgeted hours}}}} imes 100$$
$$rac{{{ ext{Standard hours for actual production}}}}{{{ ext{Actual hours worked}}}} imes 100$$

Detailed SolutionActivity Ratio =

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) × Actual wage rate
(Standard wage rate - Actual wage rate) × Actual hours worked
(Standard wage rate - Actual wage rate) × Standard hours worked

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SolutionThe labour rate of pay variance can be calculated by which of the following equations?

14. In regression equation Y = $6000 + (per unit cost x number of units), ‘$6000’ is a

constant
variable
expression
base and exponent

Detailed SolutionIn regression equation Y = $6000 +

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(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

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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

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as" class="read-more button" href="https://exam.pscnotes.com/mcq/strength-of-relationship-between-cost-driver-and-cost-is-considered-as/#more-55352">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

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2. Current ratio 3. Super quick ratio 4. Quick ratio Arrange
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these ratios in sequence to reflect the liquidity in descending order." class="read-more button" href="https://exam.pscnotes.com/mcq/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/#more-55343">Detailed SolutionConsider 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.

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

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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 considered as" class="read-more button" href="https://exam.pscnotes.com/mcq/variance-used-by-managers-to-check-whether-company-has-performed-well-and-properly-implemented-strategies-is-considered-as/#more-55321">Detailed SolutionVariance used by managers to check whether company has performed well and properly implemented strategies is considered as

19. ‘EOQ’ is used in:

Inventory Management
Receivables Management
Cash Management
Ratio Analysis

Detailed Solution‘EOQ’

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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

is used in:

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

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system of inventory control are" class="read-more button" href="https://exam.pscnotes.com/mcq/a-group-items-in-abc-system-of-inventory-control-are/#more-55297">Detailed SolutionA group items in ABC system of inventory control are
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