Costing

33. Which of the following measures the best operating performance?

Ratio of return on total assets
Ratio of return of fixed assets
Ratio of return on shareholder's equity
All of the above

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following measures the best operating performance?" class="read-more button" href="https://exam.pscnotes.com/mcq/which-of-the-following-measures-the-best-operating-performance/#more-47572">Detailed SolutionWhich of the following measures the best operating performance?

34. Terms used in manufacturing cost systems are

manufacturing costs
prime costs
conversion costs
both B and C

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d="M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 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
button" href="https://exam.pscnotes.com/mcq/terms-used-in-manufacturing-cost-systems-are/#more-47540">Detailed SolutionTerms used in manufacturing cost systems are

35. If an unexplained variation is 350050 and total variation is 700505, then coefficient of determination would be

3
0.5003
0.7003
2

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of determination would be" class="read-more button" href="https://exam.pscnotes.com/mcq/if-an-unexplained-variation-is-350050-and-total-variation-is-700505-then-coefficient-of-determination-would-be/#more-47532">Detailed SolutionIf an unexplained variation is 350050 and total variation is 700505, then coefficient of determination would be

36. The tier clause in contracts provides protection against possible changes to which of the following?

The value of materials, labour and other expenses
Contract value
Percentage of profit
None of the above

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href="https://exam.pscnotes.com/mcq/the-tier-clause-in-contracts-provides-protection-against-possible-changes-to-which-of-the-following/#more-47525">Detailed SolutionThe tier clause in contracts provides protection against possible changes to which of the following?

37. . . . . . . . . is an example of short-term budget.

Cash budget
Capital expenditure budget
Material budget
Both A and C

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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/is-an-example-of-short-term-budget/#more-47524">Detailed Solution. . . . . . . . is an example of short-term budget.

38. Match the following. List-I List-II a. Cost control purposes 1. . . . . . . . . is a predetermined cost b. Standard cost 2. Responsibility accounting fixes responsibility for . . . . . . . . c. Integrates 3. Cost accounting guides future . . . . . . . . d. Production policies 4. Budgeting system . . . . . . . . key managerial functions

a-4, b-3, c-2, d-1
a-2, b-1, c-4, d-3
a-2, b-3, c-4, d-1
a-3, b-2, c-4, d-1

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. . . . . is a predetermined cost b. Standard cost 2. Responsibility accounting fixes responsibility for . . . . . . . . c. Integrates 3. Cost accounting guides future . . . . . . . . d. Production policies 4. Budgeting system . . . . . . . . key managerial functions" class="read-more button" href="https://exam.pscnotes.com/mcq/match-the-following-list-i-list-ii-a-cost-control-purposes-1-is-a-predetermined-cost-b-standard-cost-2-responsibility-accounting-fixes-responsibility-for-c-integr/#more-47492">Detailed SolutionMatch the following. List-I List-II a. Cost control purposes 1. . . . . . . . . is a predetermined cost b. Standard cost 2. Responsibility accounting fixes responsibility for . . . . . . . . c. Integrates 3. Cost accounting guides future . . . . . . . . d. Production policies 4. Budgeting system . . . . . . . . key managerial functions

39. Conversion cost is subtracted from direct manufacturing labour cost is to calculate the

direct overheads
overhead costs
factory overhead
manufacturing overhead cost

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is to calculate the" class="read-more button" href="https://exam.pscnotes.com/mcq/conversion-cost-is-subtracted-from-direct-manufacturing-labour-cost-is-to-calculate-the/#more-47485">Detailed SolutionConversion cost is subtracted from direct manufacturing labour cost is to calculate the

40. . . . . . . . . is not the scope of Cost Accountancy.

Ascertaining cost
Cost accounting
Cost control
Tax planning

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the scope of Cost Accountancy." class="read-more button" href="https://exam.pscnotes.com/mcq/is-not-the-scope-of-cost-accountancy/#more-47477">Detailed Solution. . . . . . . . is not the scope of Cost Accountancy.
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