21. In case of rising prices (inflation), LIFO will:

provide lowest value of closing stock and profit
provide highest value of closing stock and profit
provide highest value of closing stock but lowest value of profit

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of rising prices (inflation), LIFO will:" class="read-more button" href="https://exam.pscnotes.com/mcq/in-case-of-rising-prices-inflation-lifo-will/#more-50713">Detailed SolutionIn case of rising prices (inflation), LIFO will:

22. A company manufactures a single product for which cost and selling price data are as follows: Selling price per unit – Rs 12 Variable cost per unit – Rs 8 Fixed cost for a period – Rs 98,000 Budgeted sales for a period – 30,000 units The margin of safety, expressed as a percentage of budgeted sales,is:

20%
25%
73%
125%

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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
budgeted sales,is:" class="read-more button" href="https://exam.pscnotes.com/mcq/a-company-manufactures-a-single-product-for-which-cost-and-selling-price-data-are-as-follows-selling-price-per-unit-rs-12-variable-cost-per-unit-rs-8-fixed-cost-for-a-period-rs-98000-budgeted/#more-50711">Detailed SolutionA company manufactures a single product for which cost and selling price data are as follows: Selling price per unit – Rs 12 Variable cost per unit – Rs 8 Fixed cost for a period – Rs 98,000 Budgeted sales for a period – 30,000 units The margin of safety, expressed as a percentage of budgeted sales,is:

23. Match the items of List-I with those of List-II and indicate the correct answer List-I List-II a. Acid test ratio 1. Profitability analysis b. Debt service coverage ratio 2. Activity analysis c. Debt equity ratio 3. Liquidity analysis d. Stock turnover ratio 4. Long-term solvency analysis

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

Detailed SolutionMatch the items of List-I with those of

target="_blank" class="youtube-subscribe-button"> Subscribe on YouTube
List-II and indicate the correct answer List-I List-II a. Acid test ratio 1. Profitability analysis b. Debt service coverage ratio 2. Activity analysis c. Debt equity ratio 3. Liquidity analysis d. Stock turnover ratio 4. Long-term solvency analysis

24. Room/day is the cost unit used in . . . . . . . .

hotels
hospitals
schools
None of these

Detailed

SolutionRoom/day is the cost unit used in . . . . . . . .

25. An opportunity cost is . . . . . . . .

the advantage foregone
the cost
the income
None of the above

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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="read-more button" href="https://exam.pscnotes.com/mcq/an-opportunity-cost-is/#more-50677">Detailed SolutionAn opportunity cost is . . . . . . . .

26. Period cost, which consists income statement of manufacturing companies belongs to

inventory costs
product costs
non-manufacturing costs
manufacturing costs

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belongs to" class="read-more button" href="https://exam.pscnotes.com/mcq/period-cost-which-consists-income-statement-of-manufacturing-companies-belongs-to/#more-50672">Detailed SolutionPeriod cost, which consists income statement of manufacturing companies belongs to

27. In accounting, resources sacrifice for achieving or fulfil specific objective is known as

source cost
sacrifice cost
treated cost
cost

Detailed SolutionIn

accounting, resources sacrifice for achieving or fulfil specific objective is known as

28. If units of normal spoilage are 150 and total good units manufactured are 1500, then normal spoilage rate would be

14.00%
15.00%
10.00%
12.00%

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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 then normal spoilage rate would be" class="read-more button" href="https://exam.pscnotes.com/mcq/if-units-of-normal-spoilage-are-150-and-total-good-units-manufactured-are-1500-then-normal-spoilage-rate-would-be/#more-50636">Detailed SolutionIf units of normal spoilage are 150 and total good units manufactured are 1500, then normal spoilage rate would be

29. The sum of prime cost and factory overheads is known as which of the following form?

Factory cost
Production cost
Total cost
None of these

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the
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following form?" class="read-more button" href="https://exam.pscnotes.com/mcq/the-sum-of-prime-cost-and-factory-overheads-is-known-as-which-of-the-following-form/#more-50634">Detailed SolutionThe sum of prime cost and factory overheads is known as which of the following form?

30. Audit fess is a part of _______.

works on cost
selling overhead
distribution overhead
administration overhead

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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 button" href="https://exam.pscnotes.com/mcq/audit-fess-is-a-part-of-_______/#more-50605">Detailed SolutionAudit fess is a part of _______.


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