[amp_mcq option1=”ABC Analysis” option2=”VED Analysis” option3=”SDE Analysis” option4=”GOLF Analysis” correct=”option1″]
Costing
42. Type of budget, which is always available for specified period of future is called
[amp_mcq option1=”period budget” option2=”batch budget” option3=”discontinued budget” option4=”continuous budget” correct=”option4″]
Detailed SolutionType of budget, which is always available for specified period of future is called
43. In specification analysis, assumptions related to residuals states must be
[amp_mcq option1=”worst” option2=”independent” option3=”dependent” option4=”good” correct=”option3″]
Detailed SolutionIn specification analysis, assumptions related to residuals states must be
44. Use of variables to signal whether strategies are effective or ineffective is classified as
[amp_mcq option1=”evaluating strategy” option2=”performing strategy” option3=”warned strategy” option4=”weighted strategy” correct=”option1″]
45. Department which directly adds value to product or service is known as
[amp_mcq option1=”production department” option2=”operating department” option3=”allocation base department” option4=”both a and b” correct=”option4″]
Detailed SolutionDepartment which directly adds value to product or service is known as
46. In case of rising prices (inflation), FIFO method will:
[amp_mcq option1=”provide lowest value of closing stock and profit” option2=”provide highest value of closing stock and profit” option3=”provide highest value of closing stock but lowest value of profit” option4=”provide highest value of profit but lowest value of closing stock” correct=”option3″]
Detailed SolutionIn case of rising prices (inflation), FIFO method will:
47. Residual material which results from manufacturing products is called
[amp_mcq option1=”reduced work” option2=”spoilage” option3=”rework” option4=”scrap” correct=”option4″]
Detailed SolutionResidual material which results from manufacturing products is called
48. An assumption, which states that there must be linear relationship between independent variable and dependent variable is
[amp_mcq option1=”irrelevant range of linearity” option2=”relevant range of linearity” option3=”significant range” option4=”insignificant range” correct=”option2″]
49. Contracts where all agreed costs are recovered is known as:
[amp_mcq option1=”Target costing” option2=”Operation costing” option3=”Cost plus contract costing” option4=”Process costing E. Job costing” correct=”option3″]
Detailed SolutionContracts where all agreed costs are recovered is known as:
50. “Calculate workers left and discharged from the following: Labour turnover rates are 20%, 10% and 6% respectively under Flux method, Replacement method and Separation method No of workers replaced during the quarter is 80”
[amp_mcq option1=”112″ option2=”80″ option3=”48″ option4=”64″ correct=”option3″]