Costing

[amp_mcq option1=”a-3. b-4, c-2, d-1″ option2=”a-4, b-3, c-1, d-2″ option3=”a-2, b-1, c-3, d-4″ option4=”a-1, b-2, c-4, d-3″ correct=”option4″]

Detailed SolutionMatch the items of List-I with those of List-II and indicate the correct canswer: List-I List-II a. Postage stamp pricing 1. Equality of marginal and average cost b. Loss leader 2. Constant average and marginal cost c. Economic capacity 3. Product line pricing d. Reserve capacity 4. Differential pricing

[amp_mcq option1=”33″ option2=”91″ option3=”81″ option4=”43″ correct=”option1″]

Detailed SolutionIn regression analysis, if observed cost value is 62 and predicted cost value is 29, then disturbance term would be

[amp_mcq option1=”entire direct material of accounting period” option2=”entire production of accounting period” option3=”portion of production of accounting period” option4=”entire indirect material of accounting period” correct=”option3″]

Detailed SolutionValue of sales considers sales value at split off method is of

[amp_mcq option1=”supply department” option2=”support department” option3=”production department” option4=”allocation base department” correct=”option2″]

Detailed SolutionDepartment which provides assisting services to internal departments is classified as

[amp_mcq option1=”$40,000″ option2=”$60,000″ option3=”$52,000″ option4=”$20,000″ correct=”option4″]

Detailed SolutionPrime cost is $50000 and direct manufacturing labour is $10000, then direct material cost will be

[amp_mcq option1=”Insurance to cover sold goods while in transit” option2=”Royalty on sales” option3=”Legal cost on debt realization” option4=”Distribution of samples” correct=”option3″]

Detailed SolutionWhich of the following is NOT a selling overhead?

[amp_mcq option1=”Both (A) and (R) are true, and (R) is the correct explanation of (A)” option2=”Both (A) and (R) are true, but (R) is not the correct explanation of (A)” option3=”(A) is true, but (R) is false” option4=”(A) is false,but (R) is true” correct=”option2″]

Detailed SolutionAssertion (A): Ratio analysis is one of the tools employed to know the financial health of a concern. Reason (R): Ratio analysis is not the only technique available to take an investment decision.

[amp_mcq option1=”Rs 3.25″ option2=”Rs 5.00″ option3=”Rs 97.50″ option4=”Rs 150.00″ correct=”option2″]

Detailed Solution“The following information is available for the W hotel for the latest thirty day period. Number of rooms available per night 40 Percentage occupancy achieved 65% Room servicing cost incurred Rs 3900 The room servicing cost per occupied room-night last period, to the nearest Rs, was:”

[amp_mcq option1=”110″ option2=”125″ option3=”60″ option4=”70″ correct=”option1″]

Detailed SolutionIn Regression Analysis, if an observed cost value is 85 and disturbance error is 25 then predicted cost value will be

[amp_mcq option1=”parallel correlation” option2=”serial correlation” option3=”auto correlation” option4=”both B and C” correct=”option4″]

Detailed SolutionA problem which arises because of presence of systematic pattern in residual value sequence is considered as