[amp_mcq option1=”Stores card” option2=”Purchase card” option3=”Store-keepers card” option4=”Stock card” correct=”option4″]
Costing
32. FIFO is ________.
[amp_mcq option1=”Fast Investment in Future Order” option2=”First In First Out” option3=”Fast In Fast Out” option4=”Fast Issue Of Fast Order” correct=”option2″]
33. Which of the following is not an avoidable cause of labour turnover:
[amp_mcq option1=”Dissatisfaction with Job” option2=”Lack of training facilities” option3=”Low wages and allowances” option4=”Disability, making a worker unfit for work” correct=”option4″]
Detailed SolutionWhich of the following is not an avoidable cause of labour turnover:
34. Prime cost plus variable overheads is known as________.
[amp_mcq option1=”Cost of sales” option2=”Production Cost” option3=”Total Cost” option4=”Marginal cost” correct=”option3″]
Detailed SolutionPrime cost plus variable overheads is known as________.
35. Package which consists of two or more products to be sold for single price, but components of products in package have separate stand-alone price is called
[amp_mcq option1=”step down product” option2=”dual mix product” option3=”bundled product” option4=”reciprocal product” correct=”option3″]
36. Marginal-costing technique is useful for
[amp_mcq option1=”Make or buy decisions” option2=”Profit planning” option3=”Shut-down decisions” option4=”All of the above” correct=”option4″]
37. . . . . . . . . helps in ascertaining costs beforehand.
[amp_mcq option1=”Financial accounting” option2=”Cost accounting” option3=”Management accounting” option4=”None of these” correct=”option3″]
Detailed Solution. . . . . . . . helps in ascertaining costs beforehand.
38. VED analysis is used for the following:
[amp_mcq option1=”Ratio Analysis” option2=”Budgetary control” option3=”Inventory control” option4=”Cash budgeting” correct=”option3″]
39. Budget plan in many companies is also referred as
[amp_mcq option1=”profit plan” option2=”sales plan” option3=”cost plan” option4=”marketing plan” correct=”option3″]
Detailed SolutionBudget plan in many companies is also referred as
40. If difference in costs is $32000 and slope coefficient is 0.40, then difference in machine hours would be
[amp_mcq option1=”$80,000″ option2=”$12,800″ option3=”$70,000″ option4=”$22,800″ correct=”option3″]