[amp_mcq option1=”decrease in cash” option2=”increase in cash” option3=”no changes in cash” option4=”None of these” correct=”option1″]
Detailed SolutionIncrease in the amount of creditors result in
Costing
32. Classification and accumulation of costs by fixed and variable costs is of special importance in ________.
[amp_mcq option1=”process costing” option2=”unit costing” option3=”operation costing” option4=”operating costing” correct=”option1″]
33. Inventory turnover in days = Days during the period ÷ . . . . . . . .
[amp_mcq option1=”inventory turnover ratio” option2=”material consumed during the period” option3=”cost of average stock during the period” option4=”None of these” correct=”option3″]
Detailed SolutionInventory turnover in days = Days during the period ÷ . . . . . . . .
34. . . . . . . . . costing is applicable to printers.
[amp_mcq option1=”Process” option2=”Batch” option3=”Multiple” option4=”Job” correct=”option1″]
Detailed Solution. . . . . . . . costing is applicable to printers.
35. Term which describes assigning of indirect cost to any cost abject is classified as
[amp_mcq option1=”cost allocation” option2=”sales tracing” option3=”sales allocation” option4=”cost tracing” correct=”option1″]
Detailed SolutionTerm which describes assigning of indirect cost to any cost abject is classified as
36. Tender price expresses-
[amp_mcq option1=”Total production cost” option2=”Sales cost” option3=”Estimated selling price” option4=”Cost sheet of last period” correct=”option3″]
37. Determine the debtors turnover ratio if, closing debtors is Rs. 40,000, cash sale is 25% of credit sales, and excess of closing debtors over opening debtors is Rs. 20,000.
[amp_mcq option1=”4 times” option2=”2 times” option3=”6 times” option4=”8 times” correct=”option1″]
38. In cost terms, direct manufacturing labour cost is included in
[amp_mcq option1=”manufacturing costs” option2=”prime costs” option3=”conversion costs” option4=”both B and C” correct=”option4″]
Detailed SolutionIn cost terms, direct manufacturing labour cost is included in
39. Planning of financial aid to coordinate; what is to be done for implementation of plan is classified as
[amp_mcq option1=”budget” option2=”batching” option3=”complexity” option4=”process” correct=”option4″]
40. Which one of following is an example of spoilage?
[amp_mcq option1=”short lengths from wood work” option2=”defective aluminium cans recycled by manufacturer” option3=”detection of defective pieces before shipment” option4=”all of above” correct=”option4″]
Detailed SolutionWhich one of following is an example of spoilage?