Costing

31. Bin card is also known as-

Stores card
Purchase card
Store-keepers card
Stock card

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32. FIFO is ________.

Fast Investment in Future Order
First In First Out
Fast In Fast Out
Fast Issue Of Fast Order

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class="read-more-container">Detailed SolutionFIFO is ________.

33. Which of the following is not an avoidable cause of labour turnover:

Dissatisfaction with Job
Lack of training facilities
Low wages and allowances
Disability, making a worker unfit for work

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is not an
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34. Prime cost plus variable overheads is known as________.

Cost of sales
Production Cost
Total Cost
Marginal cost

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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

step down product
dual mix product
bundled product
reciprocal product

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36. Marginal-costing technique is useful for

Make or buy decisions
Profit planning
Shut-down decisions
All of the above

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37. . . . . . . . . helps in ascertaining costs beforehand.

Financial accounting
Cost accounting
Management accounting
None of these

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costs beforehand." class="read-more button" href="https://exam.pscnotes.com/mcq/helps-in-ascertaining-costs-beforehand/#more-50423">Detailed Solution. . . . . . . . helps in ascertaining costs beforehand.

38. VED analysis is used for the following:

Ratio Analysis
Budgetary control
Inventory control
Cash budgeting

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39. Budget plan in many companies is also referred as

profit plan
sales plan
cost plan
marketing plan

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40. If difference in costs is $32000 and slope coefficient is 0.40, then difference in machine hours would be

$80,000
$12,800
$70,000
$22,800

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