Costing

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 Join Our Telegram Channel
class="screen-reader-text">Direct service labour is $5000, idle time wages are $1000 and overtime premium is $450, then total figure would be

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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then relevant incremental cost will be" class="read-more button" href="https://exam.pscnotes.com/mcq/if-relevant-opportunity-cost-of-capital-is-2950-and-relevant-carrying-cost-of-inventory-is-6700-then-relevant-incremental-cost-will-be/#more-57061">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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labour oriented manufacturing industry which method of overhead absorption is suitable?

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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made through" class="read-more button" href="https://exam.pscnotes.com/mcq/an-appropriate-choice-to-invest-in-manpower-or-other-resources-is-made-through/#more-57043">Detailed SolutionAn appropriate choice to invest in manpower or other resources is made through

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

Detailed SolutionMatch the following. List-I List-II a. Marginal cost 1. . . . . .

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. . . = Contribution ÷ Sales b. P/V ratio 2. Contribution = Selling price – . . . . . . . .
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c. Profit 3. . . . . . . . . = Sales (1 – P/V ratio) d. Variable costs 4. Margin of safety = . . . . . . . . ÷ P/V ratio

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

197. Direct cost incurred can be identified with ________.

each department
each unit of output
each month
each executive

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________." class="read-more button" href="https://exam.pscnotes.com/mcq/direct-cost-incurred-can-be-identified-with-________/#more-57006">Detailed SolutionDirect cost incurred can be identified with ________.

198. Volume variance is divided into . . . . . . . .

Capacity variance, calendar variance and expenditure variance
Capacity variance, calendar variance and efficiency variance
Capacity variance, expenditure variance and efficiency variance
Calendar variance, expenditure variance and efficiency variance

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. . ." class="read-more button" href="https://exam.pscnotes.com/mcq/volume-variance-is-divided-into/#more-56967">Detailed SolutionVolume variance is divided into . . . . . . . .

199. The type of loss that should not affect cost of inventories is ________.

normal loss
abnormal loss
seasonal loss
standard loss

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class="read-more button" href="https://exam.pscnotes.com/mcq/the-type-of-loss-that-should-not-affect-cost-of-inventories-is-________/#more-56966">Detailed SolutionThe type of loss that should not affect cost of inventories is ________.

200. Which of the following is not true of the cash budget?

The shortage or excess of cash would appear in a particular period
All inflows would arise before outflows for those periods
Only revenue nature cash flows are shown
Proceeds from issue of share capital is shown as an inflow

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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 href="https://exam.pscnotes.com/mcq/which-of-the-following-is-not-true-of-the-cash-budget/#more-56955">Detailed SolutionWhich of the following is not true of the cash budget?

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