material, labour
set-up costs, carrying
transportation, carrying
warehousing, labour
Answer is Right!
Answer is Wrong!
Detailed SolutionEconomic Batch Quantity depends on . . . . . . . . and . . . . . . . . costs.
Costing
282. An increase in fixed costs will result, in which of the following?
A decrease in the contribution sales ratio
A decrease in the contribution per point
An increase in the break-even point sales level
An increase in the margin of safety
Answer is Right!
Answer is Wrong!
Detailed SolutionAn increase in fixed costs will result, in which of the following?
283. Packing cost is ________.
production cost
selling cost
administration cost
distribution cost
Answer is Right!
Answer is Wrong!
284. Success of cost reduction initiatives are evaluated by accurate
cyclical factors
indexed technique
price estimation
cost estimation
Answer is Right!
Answer is Wrong!
Detailed SolutionSuccess of cost reduction initiatives are evaluated by accurate
285. When the completion stage of a contract is less than $$\frac{1}{4},$$ the total expenditure on the contract is transferred to . . . . . . . . account.
Work-in-progress
Profit and loss account
Miscellaneous account
None of these
Answer is Right!
Answer is Wrong!
286. Match the following. List-I (Variances) List-II (Formulae) a. MCV 1. SP (RSQ – AQ) b. MPV 2. SP (SQ – AQ) c. MUV 3. AQ consumed (SP – AP) d. MMV 4. SC – AC
a-4, b-3, c-2, d-1
a-2, b-1, c-4, d-3
a-4, b-1, c-2, d-3
a-3, b-4, c-2, d-1
Answer is Right!
Answer is Wrong!
287. Product which requires large amount of resources, but incur low per unit cost is classified as
product under costing
product over costing
expected under cost
expected over cost
Answer is Right!
Answer is Wrong!
288. Cost of sales plus profit is _______.
selling price
value of finished product
value of goods produced
value of stocks
Answer is Right!
Answer is Wrong!
289. Departmentalization of overhead is known as ________.
primary distribution
secondary distribution
absorption
allocation
Answer is Right!
Answer is Wrong!
Detailed SolutionDepartmentalization of overhead is known as ________.
290. The basis for the payment of cash by contractee under contract is ________.
work certified
work uncertified
contract cost
value of plant used in the contract
Answer is Right!
Answer is Wrong!
Detailed SolutionThe basis for the payment of cash by contractee under contract is ________.