Costing

31. Which of the following is incorrect for material variances?

MCV = (SQ × SP) - (AQ × AP)
MPV = AQ(SP - AP)
MUV = AP(SQ - AQ)
MYV = SC per unit (AY - SY)

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material variances?" class="read-more button" href="https://exam.pscnotes.com/mcq/which-of-the-following-is-incorrect-for-material-variances/#more-52176">Detailed SolutionWhich of the following is incorrect for material variances?

33. The profit volume ratio of an enterprise is 40%.To offset a 10% decrease in the selling price, by how much should the sale increase?

10%
20%
25%
40%

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price, by how much
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should the sale increase?" class="read-more button" href="https://exam.pscnotes.com/mcq/the-profit-volume-ratio-of-an-enterprise-is-40-to-offset-a-10-decrease-in-the-selling-price-by-how-much-should-the-sale-increase/#more-52117">Detailed SolutionThe profit volume ratio of an enterprise is 40%.To offset a 10% decrease in the selling price, by how much should the sale increase?

34. Maintenance charges are in the nature of . . . . . . . . expenses.

Fixed
Variable
Semi-variable
None of these

Detailed SolutionMaintenance charges are in the nature

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of . . . . . . . . expenses.

35. The type of process loss that should not affect the cost of inventory value is _________.

abnormal loss
normal loss
seasonal loss
standard loss

Detailed SolutionThe type of process loss

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81.2-142.7 81.2z"/> Subscribe on YouTube

that should not affect the cost of inventory value is _________.

36. Work measurement method of cost estimation is also called

price engineering method
industrial engineering method
measuring engineering method
unit engineering method

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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 is also called" class="read-more button" href="https://exam.pscnotes.com/mcq/work-measurement-method-of-cost-estimation-is-also-called/#more-52070">Detailed SolutionWork measurement method of cost estimation is also called

37. During the period of rising prices, higher profits can be shown by valuing stock at:

L.I.F.O. basis
F.I.F.O. basis
Simple average price
Weighted average price

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shown by valuing stock at:" class="read-more button" href="https://exam.pscnotes.com/mcq/during-the-period-of-rising-prices-higher-profits-can-be-shown-by-valuing-stock-at/#more-52062">Detailed SolutionDuring the period of rising prices, higher profits can be shown by valuing stock at:

38. In goods transport service the cost unit is ________.

cost per ton
cost per hour
cost per ton kilo meters
cost per vehicle

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xmlns="http://www.w3.org/2000/svg" viewBox="0 0 576 512"> Subscribe on YouTube class="read-more button" href="https://exam.pscnotes.com/mcq/in-goods-transport-service-the-cost-unit-is-________/#more-52005">Detailed SolutionIn goods transport service the cost unit is ________.

39. Sunk costs are:

relevant for decision making
Not relevant for decision making
cost to be incurred in future
future costs

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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 title="Sunk costs are:" class="read-more button" href="https://exam.pscnotes.com/mcq/sunk-costs-are/#more-51985">Detailed SolutionSunk costs are:

40. Type of spoilage, which is considered as controllable and can be avoided is called

abnormal spoilage
normal spoilage
transferred-in spoilage
transferred-out spoilage

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can be avoided is called" class="read-more button" href="https://exam.pscnotes.com/mcq/type-of-spoilage-which-is-considered-as-controllable-and-can-be-avoided-is-called/#more-51959">Detailed SolutionType of spoilage, which is considered as controllable and can be avoided is called
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