Costing

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

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

Detailed SolutionEconomic

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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 break-even point sales level
An increase in the margin of safety

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of the following?" class="read-more button" href="https://exam.pscnotes.com/mcq/an-increase-in-fixed-costs-will-result-in-which-of-the-following/#more-55905">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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________." class="read-more 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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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
button" 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

Detailed SolutionWhen

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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

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81.2-142.7 81.2z"/> Subscribe on YouTube – AC" class="read-more button" href="https://exam.pscnotes.com/mcq/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/#more-55859">Detailed SolutionMatch 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

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 which requires

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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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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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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 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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