Costing

31. Economic Batch Quantity depends on . . . . . . . . and . . . . . . . . costs.

material, labour
set-up costs, carrying
transportation, carrying
warehousing, labour

Join Our Telegram Channel

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
. . . . . . . . costs." class="read-more button" href="https://exam.pscnotes.com/mcq/economic-batch-quantity-depends-on-and-costs/#more-55924">Detailed SolutionEconomic Batch Quantity depends on . . . . . . . . and . . . . . . . . costs.

32. 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

Join Our Telegram Channel

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
which of the following?" class="read-more button" href="https://exam.pscnotes.com/mcq/an-increase-in-fixed-costs-will-result-in-which-of-the-following/#more-55905">Detailed SolutionAn increase in fixed costs will result, in which of the following?

33. Packing cost is ________.

production cost
selling cost
administration cost
distribution cost

Detailed Solution

Join Our Telegram Channel
Subscribe on YouTube
class="screen-reader-text">Packing cost is ________.

34. Success of cost reduction initiatives are evaluated by accurate

cyclical factors
indexed technique
price estimation
cost estimation

Join Our Telegram Channel
Subscribe on YouTube
button" href="https://exam.pscnotes.com/mcq/success-of-cost-reduction-initiatives-are-evaluated-by-accurate/#more-55899">Detailed SolutionSuccess of cost reduction initiatives are evaluated by accurate

35. 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

Join Our Telegram Channel
Subscribe on YouTube
. . account." class="read-more button" href="https://exam.pscnotes.com/mcq/when-the-completion-stage-of-a-contract-is-less-than-frac14-the-total-expenditure-on-the-contract-is-transferred-to-account/#more-55866">Detailed SolutionWhen the completion stage of a contract is less than $$\frac{1}{4},$$ the total expenditure on the contract is transferred to . . . . . . . . account.

36. 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

Detailed SolutionMatch the following. List-I (Variances) List-II (Formulae) a. MCV 1. SP (RSQ – AQ) b. MPV 2. SP

Join Our Telegram Channel
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
(SQ – AQ) c. MUV 3. AQ consumed (SP – AP) d. MMV 4. SC – AC

37. 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

Join Our Telegram Channel
Subscribe on YouTube
href="https://exam.pscnotes.com/mcq/product-which-requires-large-amount-of-resources-but-incur-low-per-unit-cost-is-classified-as/#more-55837">Detailed SolutionProduct which requires large amount of resources, but incur low per unit cost is classified as

38. Cost of sales plus profit is _______.

selling price
value of finished product
value of goods produced
value of stocks

Join Our Telegram Channel
Subscribe on YouTube
is _______." class="read-more button" href="https://exam.pscnotes.com/mcq/cost-of-sales-plus-profit-is-_______/#more-55827">Detailed SolutionCost of sales plus profit is _______.

39. Departmentalization of overhead is known as ________.

primary distribution
secondary distribution
absorption
allocation

Detailed Solution

Join Our Telegram Channel
Subscribe on YouTube
class="screen-reader-text">Departmentalization of overhead is known as ________.

40. 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

Join Our Telegram Channel

64 288 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 contractee under contract is ________." class="read-more button" href="https://exam.pscnotes.com/mcq/the-basis-for-the-payment-of-cash-by-contractee-under-contract-is-________/#more-55814">Detailed SolutionThe basis for the payment of cash by contractee under contract is ________.

Page 1Page 2Page 3Page 4Page 5
Test 1Test 2Test 3Test 4Test 5Test 6Test 7Test 8Test 9Test 10Test 11Test 12Test 13Test 14Test 15Test 16Test 17Test 18Test 19Test 20Test 21Test 22Test 23Test 24