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

Detailed SolutionThe normal cost of normal output is Rs. 3,000; value of abnormal loss is Rs. 450

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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 the following: Labour turnover rates are 20%, 10% and 6% respectively under

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

Marginal
Out of pocket
Sunk
None of these

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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?

$${ ext{Margin of Safety}} = rac{{{ ext{Profit}}}}{{ rac{{ ext{P}}}{{ ext{V}}}{ ext{ratio}}}}$$
$$ rac{{ ext{P}}}{{ ext{V}}}{ ext{ratio}} = rac{{{ ext{Change in contribution}}}}{{{ ext{Change in sales}}}} imes 100$$
$${ ext{Breakeven point in units}} = rac{{{ ext{Fixed Cost}}}}{{{ ext{Contribution per unit}}}}$$

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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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 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

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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
of the 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
Advertisement, statutory fee and audit fee

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class="read-more-container"> Join Our Telegram Channel following expenditure groups are direct expenses of the business?" class="read-more button" href="https://exam.pscnotes.com/mcq/which-of-the-following-expenditure-groups-are-direct-expenses-of-the-business/#more-54074">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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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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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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