Costing

21. Costs of goods acquired from suppliers is classified as

stock-out costs
ordering costs
carrying costs
purchasing costs

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class="read-more button" href="https://exam.pscnotes.com/mcq/costs-of-goods-acquired-from-suppliers-is-classified-as/#more-58151">Detailed SolutionCosts of goods acquired from suppliers is classified as

23. . . . . . . . . Accounting is not only a positive science but also a normative science because it includes techniques of budgetary control and standard costing.

Financial
Cost
Both A and B
None of these

Detailed

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Solution. . . . . . . .
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Accounting is not only a positive science but also a normative science because it includes techniques of budgetary control and standard costing.

24. The P/v ratio of a company is 50% and margin of safety is 40%. If present sales is Rs 30,00,000 then Break Even Point in Rs will be

Rs 9,00,000
Rs 18,00,000
Rs 5,00,000
None of the above

Detailed SolutionThe P/v ratio of a company is 50% and margin of safety is 40%. If present

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sales is Rs 30,00,000 then Break Even Point in Rs will be

25. . . . . . . . . are costs which have been applied against revenue of particular accounting period.

Expenses
Income
Loss
None of these

Detailed

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Solution. . . . . . . . are costs which have been applied against revenue of particular accounting period.

26. In marginal costing, contribution is equal to

Sales - Fixed cost
Sales - Variable cost
Sales - Profit
Sales - Variable Cost + Fixed cost

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contribution is equal to" class="read-more button" href="https://exam.pscnotes.com/mcq/in-marginal-costing-contribution-is-equal-to/#more-58063">Detailed SolutionIn marginal costing, contribution is equal to

27. Third step in constant gross margin percentage NRV Method to allocate joint cost is to compute

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

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NRV Method to allocate joint cost is to compute" class="read-more button" href="https://exam.pscnotes.com/mcq/third-step-in-constant-gross-margin-percentage-nrv-method-to-allocate-joint-cost-is-to-compute/#more-58060">Detailed SolutionThird step in constant gross margin percentage NRV Method to allocate joint cost is to compute

28. Depreciation is . . . . . . . . expenditure.

fixed
variable
adjustable
semi-variable

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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">Depreciation is . . . . . . . . expenditure.

29. A job is budgeted to require 3,300 productive hours after incurring 25% idle time. If the total labour cost budgeted for the job is Rs 36,300. What is the labour cost per hour( to the nearest cent)?

Rs 8.25
Rs 8.80
Rs 11.00
Rs 14.67

Detailed SolutionA job is budgeted to require 3,300 productive hours after incurring 25% idle time. If the total labour cost budgeted

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for the job is Rs 36,300. What is the labour cost per hour( to the nearest cent)?

30. Labour turnover is ______.

productivity of labour
efficiency of the labour
change in labour force
total cost of the labour

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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 turnover is ______." class="read-more button" href="https://exam.pscnotes.com/mcq/labour-turnover-is-______/#more-58031">Detailed SolutionLabour turnover is ______.
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