Detailed SolutionIncrease in the amount of creditors result in
Costing
decrease in cash
increase in cash
no changes in cash
None of these
Answer is Right!
Answer is Wrong!
32. Classification and accumulation of costs by fixed and variable costs is of special importance in ________.
process costing
unit costing
operation costing
operating costing
Answer is Right!
Answer is Wrong!
33. Inventory turnover in days = Days during the period ÷ . . . . . . . .
inventory turnover ratio
material consumed during the period
cost of average stock during the period
None of these
Answer is Right!
Answer is Wrong!
Detailed SolutionInventory turnover in days = Days during the period ÷ . . . . . . . .
34. . . . . . . . . costing is applicable to printers.
Process
Batch
Multiple
Job
Answer is Right!
Answer is Wrong!
Detailed Solution. . . . . . . . costing is applicable to printers.
35. Term which describes assigning of indirect cost to any cost abject is classified as
cost allocation
sales tracing
sales allocation
cost tracing
Answer is Right!
Answer is Wrong!
Detailed SolutionTerm which describes assigning of indirect cost to any cost abject is classified as
36. Tender price expresses-
Total production cost
Sales cost
Estimated selling price
Cost sheet of last period
Answer is Right!
Answer is Wrong!
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.
4 times
2 times
6 times
8 times
Answer is Right!
Answer is Wrong!
38. In cost terms, direct manufacturing labour cost is included in
manufacturing costs
prime costs
conversion costs
both B and C
Answer is Right!
Answer is Wrong!
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
budget
batching
complexity
process
Answer is Right!
Answer is Wrong!
40. Which one of following is an example of spoilage?
short lengths from wood work
defective aluminium cans recycled by manufacturer
detection of defective pieces before shipment
all of above
Answer is Right!
Answer is Wrong!
Detailed SolutionWhich one of following is an example of spoilage?