[amp_mcq option1=”past performance” option2=”future estimates” option3=”Both A and B” option4=”None of these” correct=”option3″]
Costing
32. Qualities demanded from the job holder is technically known as . . . . . . . .
[amp_mcq option1=”job description” option2=”job specifications” option3=”job evaluation” option4=”Both A and B” correct=”option2″]
Detailed SolutionQualities demanded from the job holder is technically known as . . . . . . . .
33. Abnormal cost is . . . . . . . .
[amp_mcq option1=”uncontrollable” option2=”controllable” option3=”fixed” option4=”None of these” correct=”option1″]
34. If total incurred cost in a production process are $30000 and number of output units are 5000 units, then units cost will be
[amp_mcq option1=”$16″ option2=”$60″ option3=”$6″ option4=”$26″ correct=”option3″]
35. Reorder point is divided by number of sold units for per unit of time to calculate
[amp_mcq option1=”relevant carrying cost” option2=”relevant ordering cost” option3=”purchase order lease time” option4=”number of purchase orders” correct=”option1″]
Detailed SolutionReorder point is divided by number of sold units for per unit of time to calculate
36. Works overhead is Rs 40,000, total machine hours is 8500 hours and time allowed for machine setting is 500 houRs What is the machine rate?
[amp_mcq option1=”Rs. 2 per hour” option2=”Rs. 3 per hour” option3=”Rs. 4 per hour” option4=”Rs. 5 per hour” correct=”option1″]
37. Which of the following is correct in regard to the cost unit of a passenger transport 1. Per passenger 2. Per kilometre Select the correct answer
[amp_mcq option1=”Only 1″ option2=”Only 2″ option3=”Both 1 and 2″ option4=”Neither 1 nor 2″ correct=”option3″]
38. The method in which issue prices of material is computed by dividing total purchase cost of material in stock with total quantity in stock ________.
[amp_mcq option1=”Simple average method” option2=”weighted average method” option3=”periodical average method” option4=”periodic simple average method” correct=”option1″]
39. Operating costing is suitable for _______.
[amp_mcq option1=”job order business” option2=”contractors” option3=”sugar industries” option4=”service industries” correct=”option1″]
40. . . . . . . . . is a summary of all function budgets in a Capsule form.
[amp_mcq option1=”Master budget” option2=”Sales budget” option3=”Performance budget” option4=”Cash budget” correct=”option1″]
Detailed Solution. . . . . . . . is a summary of all function budgets in a Capsule form.