Costing

41. Basis of apportionment of welfare department expenses is . . . . . . . .

wages of each department
number of employees
materials consumed
number of machineries

Detailed SolutionBasis of apportionment of welfare

Join Our Telegram Channel
Subscribe on YouTube
department expenses is . . . . . . . .

42. A favourable variance will arise when capital revenues are . . . . . . . . than expected.

more
less
lesser
None of the above

Subscribe on YouTube

. . . . . than expected."
Join Our Telegram Channel
class="read-more button" href="https://exam.pscnotes.com/mcq/a-favourable-variance-will-arise-when-capital-revenues-are-than-expected/#more-48926">Detailed SolutionA favourable variance will arise when capital revenues are . . . . . . . . than expected.

43. The Gantt bonus scheme is a composite form of-

Rown and Taylor's plan
Halsey and rown scheme
Halsey and Taylor scheme
Emerson and Bedox scheme

Join Our Telegram Channel
Subscribe on YouTube
href="https://exam.pscnotes.com/mcq/the-gantt-bonus-scheme-is-a-composite-form-of/#more-48919">Detailed SolutionThe Gantt bonus scheme is a composite form of-

44. Factors that accelerate process of refining a costing system include

increase in product diversity
increase in indirect costs
product market competitions
all of above

Join Our Telegram Channel
Subscribe on YouTube
process of refining a costing system include" class="read-more button" href="https://exam.pscnotes.com/mcq/factors-that-accelerate-process-of-refining-a-costing-system-include/#more-48916">Detailed SolutionFactors that accelerate process of refining a costing system include

45. Financial statements and budget plans of some companies are also called

cost statement
preformed statement
sales statement
market statement

Detailed

Join Our Telegram Channel
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
SolutionFinancial statements and budget plans of some companies are also called

46. Time keeping refers to _______.

time spent by worker on their job
time spent by workers in the factory
time spent by workers without work
time spent by workers off their job

Join Our Telegram Channel
Subscribe on YouTube
refers to _______." class="read-more button" href="https://exam.pscnotes.com/mcq/time-keeping-refers-to-_______/#more-48874">Detailed SolutionTime keeping refers to _______.

47. The basic difference between a static budget and flexible budget is that

a flexible budget considers only variable costs but a static budget considers all costs
a flexible budgets allows management latitude in meeting goals, whereas static budget is based on fixed standards
a flexible budget can be prepared for any production level within a relevant range but a static budget is based on one specific level of production

Detailed SolutionThe basic difference between a static budget and flexible budget is that

48. Standard cost is a . . . . . . . . cost.

predetermined
historical
actual
final

Detailed SolutionStandard cost is

Join Our Telegram Channel
Subscribe on YouTube
a . . . . . . . . cost.

49. If direct service labour is $7000, idle time wages are $2000 and overtime premium is $950, then total figure would be

$5,850
$5,950
$9,950
$10,050

Detailed SolutionIf direct service labour is $7000, idle

Join Our Telegram Channel
Subscribe on YouTube
time wages are $2000 and overtime premium is $950, then total figure would be

50. Cash flow statement is useful for financial planning.

short-term
long-term
short-term as well as long-term
None of the above

Join Our Telegram Channel

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 financial planning." class="read-more button" href="https://exam.pscnotes.com/mcq/cash-flow-statement-is-useful-for-financial-planning/#more-48764">Detailed SolutionCash flow statement is useful for financial planning.

Page 1Page 2Page 3Page 4Page 5
Test 1Test 2Test 3Test 4Test 5Test 6Test 7Test 8Test 9Test 10Test 11Test 12Test 13Test 14Test 15Test 16Test 17Test 18Test 19Test 20Test 21Test 22Test 23Test 24