[amp_mcq option1=”charging overheads to cost centres” option2=”charging of overheads to cost units” option3=”charging of overheads to cost centres or cost units” option4=”allotment of overheads to different departments” correct=”option3″]
Costing
32. If the prime cost is Rs. 50,000 and factory cost will Rs. 70,000 and office overhead is 50% of factory overhead, then the production cost will be
[amp_mcq option1=”1,55,000″ option2=”1,05,000″ option3=”85,000″ option4=”80,000″ correct=”option1″]
33. In increasing production volume situation, the behaviour of fixed cost will be . . . . . . . . and variable cost will . . . . . . . .
[amp_mcq option1=”decreases, increases” option2=”increase, decreasing” option3=”constant, increase” option4=”increase, constant” correct=”option3″]
34. The costing method in which fixed factory overheads are added to inventory is
[amp_mcq option1=”process costing” option2=”activity based costing” option3=”marginal costing” option4=”standard costing” correct=”option1″]
Detailed SolutionThe costing method in which fixed factory overheads are added to inventory is
35. In quantitative analysis to estimate cost function, fourth step is to
[amp_mcq option1=”write a liner function” option2=”write price function” option3=”write manufacturing function” option4=”plot data” correct=”option4″]
Detailed SolutionIn quantitative analysis to estimate cost function, fourth step is to
36. . . . . . . . . budget is the most important budget and it forms the basis on which all the other budgets are built up.
[amp_mcq option1=”Production” option2=”Material” option3=”Cash budget” option4=”Sales” correct=”option4″]
37. An expected future cost which diverges in unconventional course of action is known as
[amp_mcq option1=”partial cost” option2=”total cost” option3=”irrelevant cost” option4=”relevant cost” correct=”option4″]
38. Labour cost is the second element of ________.
[amp_mcq option1=”cost” option2=”profit” option3=”sales” option4=”task” correct=”option1″]
Detailed SolutionLabour cost is the second element of ________.
39. . . . . . . . . is concerned with discovery of facts concerning a job and . . . . . . . . is concerned with ascertaining the money value of a job.
[amp_mcq option1=”Job description, job evaluation” option2=”Job specifications, job evaluation” option3=”Job analysis, job evaluation” option4=”None of these” correct=”option3″]
40. The internal factors affecting the wage mix include: (i) Relative worth of the job (ii) Regional wage rates (iii) Employer’s ability to pay (iv) Manpower market conditions
[amp_mcq option1=”(i), (ii) and (iii)” option2=”(i) and (iii)” option3=”(ii), (iii) and (iv)” option4=”All of the above” correct=”option4″]