Costing

31. Economic Batch Quantity depends on . . . . . . . . and . . . . . . . . costs.

material, labour
set-up costs, carrying
transportation, carrying
warehousing, labour

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class="read-more button" href="https://exam.pscnotes.com/mcq/economic-batch-quantity-depends-on-and-costs/#more-55924">Detailed SolutionEconomic Batch Quantity depends on . . . . . . . . and . . . . . . . . costs.

32. An increase in fixed costs will result, in which of the following?

A decrease in the contribution sales ratio
A decrease in the contribution per point
An increase in the margin of safety

Detailed SolutionAn increase in fixed costs will result, in which of the following?

33. Packing cost is ________.

production cost
selling cost
administration cost
distribution cost

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button" href="https://exam.pscnotes.com/mcq/packing-cost-is-________/#more-55900">Detailed SolutionPacking cost is ________.

34. Success of cost reduction initiatives are evaluated by accurate

cyclical factors
indexed technique
price estimation
cost estimation

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href="https://exam.pscnotes.com/mcq/success-of-cost-reduction-initiatives-are-evaluated-by-accurate/#more-55899">Detailed SolutionSuccess of cost reduction initiatives are evaluated by accurate

35. When the completion stage of a contract is less than $$\frac{1}{4},$$ the total expenditure on the contract is transferred to . . . . . . . . account.

Work-in-progress
Profit and loss account
Miscellaneous account
None of these

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48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube button" href="https://exam.pscnotes.com/mcq/when-the-completion-stage-of-a-contract-is-less-than-frac14-the-total-expenditure-on-the-contract-is-transferred-to-account/#more-55866">Detailed SolutionWhen the completion stage of a contract is less than $$\frac{1}{4},$$ the total expenditure on the contract is transferred to . . . . . . . . account.

36. Match the following. List-I (Variances) List-II (Formulae) a. MCV 1. SP (RSQ – AQ) b. MPV 2. SP (SQ – AQ) c. MUV 3. AQ consumed (SP – AP) d. MMV 4. SC – AC

a-4, b-3, c-2, d-1
a-2, b-1, c-4, d-3
a-4, b-1, c-2, d-3
a-3, b-4, c-2, d-1

Detailed SolutionMatch the following. List-I (Variances) List-II (Formulae) a. MCV 1. SP (RSQ – AQ) b. MPV 2. SP (SQ – AQ) c.

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11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube
MUV 3. AQ consumed (SP – AP) d. MMV 4. SC – AC

37. Product which requires large amount of resources, but incur low per unit cost is classified as

product under costing
product over costing
expected under cost
expected over cost

Detailed SolutionProduct

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which requires large amount of resources, but incur low per unit cost is classified as

38. Cost of sales plus profit is _______.

selling price
value of finished product
value of goods produced
value of stocks

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is _______." class="read-more button" href="https://exam.pscnotes.com/mcq/cost-of-sales-plus-profit-is-_______/#more-55827">Detailed SolutionCost of sales plus profit is _______.

39. Departmentalization of overhead is known as ________.

primary distribution
secondary distribution
absorption
allocation

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124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube href="https://exam.pscnotes.com/mcq/departmentalization-of-overhead-is-known-as-________/#more-55821">Detailed SolutionDepartmentalization of overhead is known as ________.

40. The basis for the payment of cash by contractee under contract is ________.

work certified
work uncertified
contract cost
value of plant used in the contract

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payment of cash by contractee under contract is ________." class="read-more button" href="https://exam.pscnotes.com/mcq/the-basis-for-the-payment-of-cash-by-contractee-under-contract-is-________/#more-55814">Detailed SolutionThe basis for the payment of cash by contractee under contract is ________.

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