Costing Archives

41. In transport costing . . . . . . . . charges vary more or less in direct proportion to kilometers run.

[amp_mcq option1=”running” option2=”petrol” option3=”drivers salary” option4=”tax” correct=”option1″]

Detailed SolutionIn transport costing . . . . . . . . charges vary more or less in direct proportion to kilometers run.

42. Goodness of fit is used to measure wellness of

[amp_mcq option1=”actual values” option2=”predicted values” option3=”residual values” option4=”indexed values” correct=”option2″]

Detailed SolutionGoodness of fit is used to measure wellness of

43. Economic capacity of a plant represents its:

[amp_mcq option1=”maximum physical output level” option2=”average output level over a period” option3=”break-even output and sales level” option4=”output level that equates the average and the marginal costs” correct=”option4″]

Detailed SolutionEconomic capacity of a plant represents its:

44. Supplies, plant maintenance, plant rent, plant insurance and cleaning labour comes under which type of costs?

[amp_mcq option1=”labour costs” option2=”factory overhead costs” option3=”finished costs” option4=”manufacturing costs” correct=”option2″]

Detailed SolutionSupplies, plant maintenance, plant rent, plant insurance and cleaning labour comes under which type of costs?

45. The actual output of 162,500 units and actual fixed costs of Rs 87000 were exactly as budgeted. However, the actual expenditure of Rs 300,000 was Rs 18,000 over budget. What was the budget variable cost per unit?

[amp_mcq option1=”Rs 1.20″ option2=”Rs 1.31″ option3=”Rs1.42″ option4=”Rs 1.50″ correct=”option2″]

Detailed SolutionThe actual output of 162,500 units and actual fixed costs of Rs 87000 were exactly as budgeted. However, the actual expenditure of Rs 300,000 was Rs 18,000 over budget. What was the budget variable cost per unit?

50. “Calculate the most appropriate unit cost for a distribution division of a multinational company using the following information. Miles travelled 636,500 Tonnes carried 2,479 Number of drivers 20 Hours worked by drivers 35,520 Tonnes miles carried 375,200 Cost incurred 562,800”

[amp_mcq option1=”Rs .88″ option2=”Rs 1.50″ option3=”Rs 15.84″ option4=”Rs28, 140″ correct=”option1″]

Detailed Solution“Calculate the most appropriate unit cost for a distribution division of a multinational company using the following information. Miles travelled 636,500 Tonnes carried 2,479 Number of drivers 20 Hours worked by drivers 35,520 Tonnes miles carried 375,200 Cost incurred 562,800”

41. In transport costing . . . . . . . . charges vary more or less in direct proportion to kilometers run.

42. Goodness of fit is used to measure wellness of

43. Economic capacity of a plant represents its:

44. Supplies, plant maintenance, plant rent, plant insurance and cleaning labour comes under which type of costs?

45. The actual output of 162,500 units and actual fixed costs of Rs 87000 were exactly as budgeted. However, the actual expenditure of Rs 300,000 was Rs 18,000 over budget. What was the budget variable cost per unit?

46. Service costing is not used in one of the following:

47. Continuous stock taking is a part of ________.

48. Process cost is ascertained and recorded in ________.

49. . . . . . . . . is used primarily for control of spare parts.

50. “Calculate the most appropriate unit cost for a distribution division of a multinational company using the following information. Miles travelled 636,500 Tonnes carried 2,479 Number of drivers 20 Hours worked by drivers 35,520 Tonnes miles carried 375,200 Cost incurred 562,800”