Costing

401. The normal cost of normal output is Rs. 3,000; value of abnormal loss is Rs. 450 and normal output is 200 units. The units of abnormal loss would be-

30 units
1,333 units
3,000 units
None of the above

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href="https://exam.pscnotes.com/mcq/the-normal-cost-of-normal-output-is-rs-3000-value-of-abnormal-loss-is-rs-450-and-normal-output-is-200-units-the-units-of-abnormal-loss-would-be/#more-54144">Detailed SolutionThe normal cost of normal output is Rs. 3,000; value of abnormal loss is Rs. 450 and normal output is 200 units. The units of abnormal loss would be-

402. “Calculate workers recruited and joined from the following: Labour turnover rates are 20%, 10% and 6% respectively under Flux method, Replacement method andSeparation method No of workers replaced during the quarter is 80”

112
80
48
64

Detailed Solution“Calculate workers recruited and joined from

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81.2-142.7 81.2z"/> Subscribe on YouTube
the following: Labour turnover rates are 20%, 10% and 6% respectively under Flux method, Replacement method andSeparation method No of workers replaced during the quarter is 80”

403. Job costing used in ________.

paper mills
chemical works
printing works
textile mill

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class="read-more button" href="https://exam.pscnotes.com/mcq/job-costing-used-in-________/#more-54121">Detailed SolutionJob costing used in ________.

404. . . . . . . . . cost is irrecoverable cost.

Marginal
Out of pocket
Sunk
None of these

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is irrecoverable cost." class="read-more button" href="https://exam.pscnotes.com/mcq/cost-is-irrecoverable-cost/#more-54095">Detailed Solution. . . . . . . . cost is irrecoverable cost.

405. Which of the following is not correct?

$${ ext{Margin of Safety}} = rac{{{ ext{Profit}}}}{{ rac{{ ext{P}}}{{ ext{V}}}{ ext{ratio}}}}$$
$$ rac{{ ext{P}}}{{ ext{V}}}{ ext{ratio}} = rac{{{ ext{Change in contribution}}}}{{{ ext{Change in sales}}}} imes 100$$
$${ ext{Required sales to earn the desired profits}} = rac{{{ ext{Desired Profit}}}}{{ rac{{ ext{P}}}{{ ext{V}}}{ ext{ratio}}}}$$

Detailed SolutionWhich of the following is not correct?

406. Units of normal spoilage are divided to total completed units, rather than total actual produced units to calculate

normal spoilage rates
abnormal spoilage rates
normal scrap rates
abnormal scrap rates

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completed units, rather than total actual produced units to calculate" class="read-more button" href="https://exam.pscnotes.com/mcq/units-of-normal-spoilage-are-divided-to-total-completed-units-rather-than-total-actual-produced-units-to-calculate/#more-54077">Detailed SolutionUnits of normal spoilage are divided to total completed units, rather than total actual produced units to calculate

407. Which of the following item of expenses will not appear in cost accounting.

Direct material cost
Factory overheads
Selling Expenses
Loss on sale of fixed assets

Detailed SolutionWhich of the

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following item of expenses will not appear in cost accounting.

408. Which of the following expenditure groups are direct expenses of the business?

Salary, wages and shop rent
Stationary post and telephone bills
Wages, input vehicle expenses and local taxes

Detailed SolutionWhich of the following expenditure groups are direct expenses of the business?

409. A technique for estimating regression line, which minimizes sum of vertical deviations squares is classified as

variable technique
least square technique
indexed technique
fixed technique

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512"> Subscribe on YouTube sum of vertical deviations squares is classified as" class="read-more button" href="https://exam.pscnotes.com/mcq/a-technique-for-estimating-regression-line-which-minimizes-sum-of-vertical-deviations-squares-is-classified-as/#more-54067">Detailed SolutionA technique for estimating regression line, which minimizes sum of vertical deviations squares is classified as

410. Target price is subtracted from per unit target operating income to calculate

total current full cost
total cost per unit
target operating income per unit
target cost per unit

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from per unit target operating income to calculate" class="read-more button" href="https://exam.pscnotes.com/mcq/target-price-is-subtracted-from-per-unit-target-operating-income-to-calculate/#more-54064">Detailed SolutionTarget price is subtracted from per unit target operating income to calculate

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