Costing

271. A unit cost calculated in costing system, by assigning total costs incurred to many similar units is categorized as

accounting period costing system
process costing system
job costing system
none of above

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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
class="screen-reader-text">A unit cost calculated in costing system, by assigning total costs incurred to many similar units is categorized as

272. Third ranked product in incremental revenue-allocation method is known as

primary product
First incremental product
Second incremental product
Third incremental product

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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 known as" class="read-more button" href="https://exam.pscnotes.com/mcq/third-ranked-product-in-incremental-revenue-allocation-method-is-known-as/#more-56049">Detailed SolutionThird ranked product in incremental revenue-allocation method is known as

273. A bill of material serves the purpose of . . . . . . . .

material requisition
stores ledger
material issue analysis sheet
None of these

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of . . . . . . . ." class="read-more button" href="https://exam.pscnotes.com/mcq/a-bill-of-material-serves-the-purpose-of/#more-56041">Detailed SolutionA bill of material serves the purpose of . . . . . . . .

274. Relationship between independent variable and dependent variable must be

general ledger
non-achievable
non measureable
economically plausible

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SolutionRelationship between independent variable and dependent variable must be

275. Continuous budget is also known as

rolling budget
pin budget
specific budget
past budget

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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
SolutionContinuous budget is also known as

276. For companies in service sector, cost which is not considerable is

Inventoriable costs
finished costs
factory overhead costs
manufacturing overhead costs

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href="https://exam.pscnotes.com/mcq/for-companies-in-service-sector-cost-which-is-not-considerable-is/#more-56006">Detailed SolutionFor companies in service sector, cost which is not considerable is

277. When opening stock is Rs. 50,000, closing stock is Rs. 60,000 and the cost of goods sold is Rs. 2,20,000, the stock turnover ratio is:

2 times
3 times
4 times
5 times

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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 the cost of goods sold is Rs. 2,20,000, the stock turnover ratio is:" class="read-more button" href="https://exam.pscnotes.com/mcq/when-opening-stock-is-rs-50000-closing-stock-is-rs-60000-and-the-cost-of-goods-sold-is-rs-220000-the-stock-turnover-ratio-is/#more-56000">Detailed SolutionWhen opening stock is Rs. 50,000, closing stock is Rs. 60,000 and the cost of goods sold is Rs. 2,20,000, the stock turnover ratio is:

278. First step in constant gross margin percentage NRV method is to allocate joint to compute

Gross margin percentage
total production cost of each product
allocated joint costs
cost of split off point

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allocate joint to compute" class="read-more button" href="https://exam.pscnotes.com/mcq/first-step-in-constant-gross-margin-percentage-nrv-method-is-to-allocate-joint-to-compute/#more-55992">Detailed SolutionFirst step in constant gross margin percentage NRV method is to allocate joint to compute

279. Depreciation of plant can be apportioned on the basis of ________.

plant value
plant size
working days
output produced

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SolutionDepreciation of plant can be apportioned on the basis of ________.

280. What is the basic difference between a static budget and a flexible budget?

A static budget is based on one specific level of production and a flexible budget can be prepared for any production level within a relevant range
A static budget is for an entire production, but a flexible budget is applicable only to a single department
A flexible budget considers only variable costs, but a static budget considers all costs

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a flexible budget?" class="read-more button" href="https://exam.pscnotes.com/mcq/what-is-the-basic-difference-between-a-static-budget-and-a-flexible-budget/#more-55933">Detailed SolutionWhat is the basic difference between a static budget and a flexible budget?

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