Costing

[amp_mcq option1=”x-axis at one” option2=”y-axis at constant” option3=”x-axis at constant” option4=”y-axis at one” correct=”option1″]

Detailed SolutionSlope coefficient of cost function is zero because it intersects the

[amp_mcq option1=”degree of possibility” option2=”degree of average” option3=”degree of variance” option4=”degree of freedom” correct=”option4″]

Detailed SolutionNumber of observations in regression analysis is considered as

[amp_mcq option1=”Market power” option2=”Price” option3=”Price-marginal cost” option4=”None of the above” correct=”option4″]

Detailed SolutionThe Learner index measures

[amp_mcq option1=”waste” option2=”scrap” option3=”defective” option4=”spoilage” correct=”option2″]

Detailed SolutionDiscarded material substances having some value is ________.

[amp_mcq option1=”process and engineering” option2=”jobbing industries” option3=”construction industry” option4=”All of these” correct=”option4″]

Detailed SolutionStandard costing is more widely applied in . . . . . . . . industries.

[amp_mcq option1=”cost assignment” option2=”cost expectation” option3=”event assignment” option4=”probability assignment” correct=”option1″]

Detailed SolutionProcess of assigning direct or indirect cost to any cost object is known as

[amp_mcq option1=”cannot be rectified and made into good units” option2=”can be rectified and mad made into good units” option3=”can be a part of finished product” option4=”can be termed as spoilage” correct=”option2″]

Detailed SolutionDefectives ________.

[amp_mcq option1=”Rs. 1,77,000″ option2=”Rs. 1,30,000″ option3=”Rs. 1,27,000″ option4=”Rs. 1,33,000″ correct=”option1″]

Detailed SolutionIf the beginning balance in the raw materials inventory account for the month was Rs. 25,000, the ending balance was Rs. 22,000 and material used during the month was Rs. 1,30,000. What is the amount of materials purchased during the month?

[amp_mcq option1=”conference method” option2=”inference method” option3=”pricing method” option4=”manufacturing method” correct=”option2″]

Detailed SolutionMethod of estimation of cost function, by making opinions and analysis about cost and cost drivers is classified as

[amp_mcq option1=”A tool for management control” option2=”An instrument of delegation and authority” option3=”An instrument for evaluating the overall performance” option4=”A statement of budget and forecasts” correct=”option4″]

Detailed SolutionWhich of the following is not a feature of budgetary control?