Costing

31. Bin card is also known as-

Stores card
Purchase card
Store-keepers card
Stock card

Detailed SolutionBin card is also known as-

32. FIFO is ________.

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

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

Detailed SolutionWhich of the following is not an avoidable cause of labour turnover:

34. Prime cost plus variable overheads is known as________.

Cost of sales
Production Cost
Total Cost
Marginal cost

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

step down product
dual mix product
bundled product
reciprocal product

Detailed SolutionPackage 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

36. Marginal-costing technique is useful for

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

Detailed SolutionMarginal-costing technique is useful for

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

Financial accounting
Cost accounting
Management accounting
None of these

Detailed Solution. . . . . . . . helps in ascertaining costs beforehand.

38. VED analysis is used for the following:

Ratio Analysis
Budgetary control
Inventory control
Cash budgeting

Detailed SolutionVED analysis is used for the following:

39. Budget plan in many companies is also referred as

profit plan
sales plan
cost plan
marketing plan

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

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

Detailed SolutionIf difference in costs is $32000 and slope coefficient is 0.40, then difference in machine hours would be

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