Costing

31. Material should be issued by the store keeper against . . . . . . . .

material requisition
bill of materials
Both A and B
None of these

Subscribe on YouTube

. . ."
Join Our Telegram Channel
class="read-more button" href="https://exam.pscnotes.com/mcq/material-should-be-issued-by-the-store-keeper-against/#more-53121">Detailed SolutionMaterial should be issued by the store keeper against . . . . . . . .

32. The deviation of the actual cost or profit or sales from the standard cost or profit or sale is known as . . . . . . . .

Difference
Variance
Discrepancy
Inconsistency

Join Our Telegram Channel
Subscribe on YouTube
is known as . . . . . . . ." class="read-more button" href="https://exam.pscnotes.com/mcq/the-deviation-of-the-actual-cost-or-profit-or-sales-from-the-standard-cost-or-profit-or-sale-is-known-as/#more-53118">Detailed SolutionThe deviation of the actual cost or profit or sales from the standard cost or profit or sale is known as . . . . . . . .

33. X Ltd has a liquid ratio of 2 : 1. If its stock is Rs. 40,000, and its current liabilities are of Rs. 1,00,000, its current ratio will be

1.4 times
2.4 times
1.2 times
3.4 times

Join Our Telegram Channel
Subscribe on YouTube
stock is Rs. 40,000, and its current liabilities are of Rs. 1,00,000, its current ratio will be" class="read-more button" href="https://exam.pscnotes.com/mcq/x-ltd-has-a-liquid-ratio-of-2-1-if-its-stock-is-rs-40000-and-its-current-liabilities-are-of-rs-100000-its-current-ratio-will-be/#more-53107">Detailed SolutionX Ltd has a liquid ratio of 2 : 1. If its stock is Rs. 40,000, and its current liabilities are of Rs. 1,00,000, its current ratio will be

34. Which of the following would have been equal to factory overhead?

Factory cost - Prime cost
Factory cost + Prime cost
Prime cost + Direct cost
Factory cost + Direct expenses

Join Our Telegram Channel
Subscribe on YouTube
following would have been equal to factory overhead?" class="read-more button" href="https://exam.pscnotes.com/mcq/which-of-the-following-would-have-been-equal-to-factory-overhead/#more-53095">Detailed SolutionWhich of the following would have been equal to factory overhead?

35. Decision model to calculate optimal quantity of inventory to be ordered is called

efficient order quantity
economic order quantity
rational order quantity
optimized order quantity

Detailed SolutionDecision model to

Join Our Telegram Channel
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
calculate optimal quantity of inventory to be ordered is called

36. For slope coefficient b, value of estimated coefficient is considered as

d-value
c-value
t-value
b-value

Detailed Solution 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 class="screen-reader-text">For slope coefficient b, value of estimated coefficient is considered as

37. In activity based costing system, description of activity can be classified as

activity list
activity dictionary
active purpose
both a and b

Join Our Telegram Channel
Subscribe on YouTube
be classified as" class="read-more button" href="https://exam.pscnotes.com/mcq/in-activity-based-costing-system-description-of-activity-can-be-classified-as/#more-53079">Detailed SolutionIn activity based costing system, description of activity can be classified as

38. Percentage of overall gross margin is multiplied to final sales value of products total production is used to calculate

Gross margin in terms of amount of money
Gross margin in terms of separable costs
Gross margin in terms of total cost
Gross margin in terms of labour cost

Join Our Telegram Channel
Subscribe on YouTube
overall gross margin is multiplied to final sales value of products total production is used to calculate" class="read-more button" href="https://exam.pscnotes.com/mcq/percentage-of-overall-gross-margin-is-multiplied-to-final-sales-value-of-products-total-production-is-used-to-calculate/#more-53070">Detailed SolutionPercentage of overall gross margin is multiplied to final sales value of products total production is used to calculate

39. Spread of over allocated overhead and under allocated overhead among work in process, finished goods and goods sold cost is classified as

proration approach
appreciation approach
depreciation approach
adjusted approach

Detailed SolutionSpread of

Join Our Telegram Channel
Subscribe on YouTube
over allocated overhead and under allocated overhead among work in process, finished goods and goods sold cost is classified as

40. ABC analysis is used for the following

Ratio analysis
Budgetory control
Inventory control
Sales budgeting

Join Our Telegram Channel

target="_blank" class="youtube-subscribe-button"> Subscribe on YouTube href="https://exam.pscnotes.com/mcq/abc-analysis-is-used-for-the-following/#more-52998">Detailed SolutionABC analysis is used for the following

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