Costing

41. Annual usage is 6000 units @ Rs 20 per unit Cost of placing an order is Rs 60 and annual carrying cost of one unit is 10% of inventory value EOQ = __________.

600 units
750 units
1200 units
1250 units

Detailed SolutionAnnual usage is 6000 units @ Rs 20 per unit Cost of placing an order is Rs 60 and annual carrying cost of one unit is 10% of inventory value EOQ = __________.

42. The scope of cost accounting include . . . . . . . ., . . . . . . . . and . . . . . . . .

cost ascertainment, cost presentation, cost control
tax planning, tax accounting, financial accounting
presentation of accounting information, creation of policy, day-to-day operation
None of the above

Detailed SolutionThe scope of cost accounting include . . . . . . . ., . . . . . . . . and . . . . . . . .

43. The . . . . . . . . costing is applied when a quantity of similar and identical products are manufactured together as one Job.

job
batch
operation
output

Detailed SolutionThe . . . . . . . . costing is applied when a quantity of similar and identical products are manufactured together as one Job.

44. A technique, which accumulates and tracks costs of business function in value chain attributed to each market, offering from R and D to final customer support, is called

product life cycle
life cycle budgeting
life cycle costing
target costing

Detailed SolutionA technique, which accumulates and tracks costs of business function in value chain attributed to each market, offering from R and D to final customer support, is called

45. Slope coefficient of linear cost function is

zero
one
two
three

Detailed SolutionSlope coefficient of linear cost function is

46. Value, which measures that how large is value of standard error in relevance to value of estimated coefficient is termed as

t-value
b-value
d-value
c-value

Detailed SolutionValue, which measures that how large is value of standard error in relevance to value of estimated coefficient is termed as

47. Direct labour means ________.

labour which can be conveniently associated with aparticular cost unit
labour which completes the work manually
permanent labour in the production department
labour which is recruited directly and not through contractors

Detailed SolutionDirect labour means ________.

48. Printers use . . . . . . . . costing.

Process
Batch
Job
Contract

Detailed SolutionPrinters use . . . . . . . . costing.

49. Under which plan efficiency is shared by employee and employer equally?

Time rate
Gantts task and bonus plan
Halsey plan
Rowan plan

Detailed SolutionUnder which plan efficiency is shared by employee and employer equally?

50. Budgeting system . . . . . . . . key managerial functions.

dismisses
integrates
discharges
None of these

Detailed SolutionBudgeting system . . . . . . . . key managerial functions.

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