Costing Archives

191. Direct service labour is $5000, idle time wages are $1000 and overtime premium is $450, then total figure would be

$4,450

$6,450

$21,500

$14,300

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would be" class="read-more button" href="https://exam.pscnotes.com/mcq/direct-service-labour-is-5000-idle-time-wages-are-1000-and-overtime-premium-is-450-then-total-figure-would-be/#more-57126">Detailed Solution

192. If relevant opportunity cost of capital is $2950 and relevant carrying cost of inventory is $6700, then relevant incremental cost will be

$9,650

$2,350

$3,750

$2,750

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Detailed SolutionIf relevant opportunity

cost of capital is $2950 and relevant carrying cost of inventory is $6700, then relevant incremental cost will be

193. In labour oriented manufacturing industry which method of overhead absorption is suitable?

Direct material cost method

Prime cost method

Labour hour method

Machine hour method

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industry which method of overhead absorption is suitable?" class="read-more button" href="https://exam.pscnotes.com/mcq/in-labour-oriented-manufacturing-industry-which-method-of-overhead-absorption-is-suitable/#more-57058">Detailed Solution

194. An appropriate choice to invest in manpower or other resources is made through

Human resource accounting

Creative accounting

Financial accounting

Cost accounting

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195. Match the following. List-I List-II a. Marginal cost 1. . . . . . . . . = Contribution Ã· Sales b. P/V ratio 2. Contribution = Selling price – . . . . . . . . c. Profit 3. . . . . . . . . = Sales (1 – P/V ratio) d. Variable costs 4. Margin of safety = . . . . . . . . Ã· P/V ratio

a-4, b-3, c-2, d-1

a-3, b-1, c-4, d-2

a-2, b-1, c-4, d-3

a-2, b-3, c-4, d-1

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. . . . . . . = Sales (1 – P/V ratio) d. Variable costs 4. Margin of safety = . . . . . . . . Ã· P/V ratio" class="read-more button" href="https://exam.pscnotes.com/mcq/match-the-following-list-i-list-ii-a-marginal-cost-1-contribution-a%c2%b7-sales-b-p-v-ratio-2-contribution-selling-price-c-profit-3-sales/#more-57040">Detailed Solution

196. In an accounting system, document which supports journal entries is classified as

cost document

priced document

source document

direct document

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class="read-more button" href="https://exam.pscnotes.com/mcq/in-an-accounting-system-document-which-supports-journal-entries-is-classified-as/#more-57008">Detailed Solution