[amp_mcq option1=”$10″ option2=”$100″ option3=”$1,000″ option4=”$1,200″ correct=”option3″]
Costing
32. Basis of apportionment of creche expenses is . . . . . . . .
[amp_mcq option1=”number of employees” option2=”number of female employees” option3=”number of male employees” option4=”Both B and C” correct=”option1″]
Detailed SolutionBasis of apportionment of creche expenses is . . . . . . . .
33. Overall profitability ratios are based on
[amp_mcq option1=”Investments” option2=”Sales” option3=”Both A and B” option4=”None of the above” correct=”option3″]
34. Rowan premium plan reformed-
[amp_mcq option1=”Taylor method” option2=”Gant bonus scheme” option3=”Halsey’s interest method” option4=”Differential method” correct=”option3″]
35. Cash flow statement is prepared from
[amp_mcq option1=”Balance Sheet” option2=”Profit and Loss A/c” option3=”Additional information” option4=”All of these” correct=”option4″]
36. Difference between budgeted amounts and actual results is classified as
[amp_mcq option1=”standard deviation” option2=”variances” option3=”mean average” option4=”weighted average” correct=”option2″]
Detailed SolutionDifference between budgeted amounts and actual results is classified as
37. If budgeted total direct labour hours are 5500 and budgeted direct labour cost is $755000, then budgeted direct labour cost rate is
[amp_mcq option1=”$138 per labour hour” option2=”$137.27 per hour” option3=”$140 per labour hour” option4=”$142 per labour hour” correct=”option3″]
38. In normal costing, budgeted rate is multiplied to an actual quantity, which have been used as allocation base to calculate
[amp_mcq option1=”budget overhead applied” option2=”manufacturing overhead applied” option3=”labour overhead applied” option4=”none of above” correct=”option2″]
39. Costs of issuing purchase orders, making of delivery records for tracking payments and costs of inspection of items are classified as
[amp_mcq option1=”stock-out costs” option2=”ordering costs” option3=”carrying costs” option4=”purchasing costs” correct=”option4″]
40. Cost accounts deal partly with facts and figures and partly with . . . . . . . .
[amp_mcq option1=”estimates” option2=”costs” option3=”income” option4=”revenue” correct=”option2″]
Detailed SolutionCost accounts deal partly with facts and figures and partly with . . . . . . . .