Costing

32. In master budgeting, cost drivers for manufacturing overhead costs are

direct manufacturing labour-hours
setup labour-hours
budgeted labour-hours
both a and b

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are" class="read-more button" href="https://exam.pscnotes.com/mcq/in-master-budgeting-cost-drivers-for-manufacturing-overhead-costs-are/#more-58022">Detailed SolutionIn master budgeting, cost drivers for manufacturing overhead costs are

34. The process of allocating and apportioning the costs on suitable basis to all the departments is _______.

departmentalization
primary distribution
secondary distribution
classification

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to all the departments is _______." class="read-more button" href="https://exam.pscnotes.com/mcq/the-process-of-allocating-and-apportioning-the-costs-on-suitable-basis-to-all-the-departments-is-_______/#more-58003">Detailed SolutionThe process of allocating and apportioning the costs on suitable basis to all the departments is _______.

35. If an actual indirect cost incur is $35000 and indirect cost allocated is $43000, then under allocated indirect cost will be

$78,000
-$78000
-$8000
$8,000

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indirect cost will be" class="read-more button" href="https://exam.pscnotes.com/mcq/if-an-actual-indirect-cost-incur-is-35000-and-indirect-cost-allocated-is-43000-then-under-allocated-indirect-cost-will-be/#more-57986">Detailed SolutionIf an actual indirect cost incur is $35000 and indirect cost allocated is $43000, then under allocated indirect cost will be

36. The preparation of a consolidated statement of accounts as per AS-21 is

Optional
Mandatory for private limited companies
Mandatory for listed companies
Mandatory for all companies

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is" class="read-more button" href="https://exam.pscnotes.com/mcq/the-preparation-of-a-consolidated-statement-of-accounts-as-per-as-21-is/#more-57972">Detailed SolutionThe preparation of a consolidated statement of accounts as per AS-21 is

37. Type of costs that cannot be traced for individual products but help in supporting an organization are classified as

individual sustaining costs
facility sustaining costs
sustained tracing
support tracing

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but help in supporting an organization
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are classified as" class="read-more button" href="https://exam.pscnotes.com/mcq/type-of-costs-that-cannot-be-traced-for-individual-products-but-help-in-supporting-an-organization-are-classified-as/#more-57951">Detailed SolutionType of costs that cannot be traced for individual products but help in supporting an organization are classified as

38. Fire insurance of stock can be apportioned on the basis of ________.

value of stock
volume of stock
number of stores requisition
material used

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apportioned on the basis of ________." class="read-more button" href="https://exam.pscnotes.com/mcq/fire-insurance-of-stock-can-be-apportioned-on-the-basis-of-________/#more-57950">Detailed SolutionFire insurance of stock can be apportioned on the basis of ________.

39. In estimation of cost function, an example of independent variable is

level of activity
quantity stored
quantity manufactured
quality of product

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class="read-more button" href="https://exam.pscnotes.com/mcq/in-estimation-of-cost-function-an-example-of-independent-variable-is/#more-57933">Detailed SolutionIn estimation of cost function, an example of independent variable is

40. Considering dual rate method, if employees work for 8500 budgeted hours at $120 per hour and work for 9500 actual hours at $110 per hour, then total cost would be

$2,078,000
$3,078,000
$2,065,000
$3,065,000

Detailed SolutionConsidering dual rate method, if employees work

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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

for 8500 budgeted hours at $120 per hour and work for 9500 actual hours at $110 per hour, then total cost would be
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