[amp_mcq option1=”ton kilometers” option2=”passenger kilometers” option3=”vehicle days” option4=”running kilometers or miles” correct=”option4″]
Detailed SolutionThe physical distance covered by a vehicle is measured in terms of ________.
Costing
42. An estimated price, which is expected to be paid by customers for particular market offering is classified as
[amp_mcq option1=”target price” option2=”target cost” option3=”outsource price” option4=”offshore price” correct=”option1″]
43. When actual loss is . . . . . . . . than the estimated loss, the difference between the two is considered to be abnormal gain.
[amp_mcq option1=”more” option2=”less” option3=”higher” option4=”None of these” correct=”option1″]
44. Direct manufacturing labour costs is added into manufacturing overhead cost to calculate
[amp_mcq option1=”transaction costs” option2=”conversion costs” option3=”resale costs” option4=”merchandise costs” correct=”option2″]
45. Which of the following ratios are taken into consideration by a banker before sanctioning the loan?
[amp_mcq option1=”Proprietors ratio” option2=”Stock-turnover ratio” option3=”Debt-equity ratio” option4=”All of the above” correct=”option4″]
46. The test of objectivity and verifiability is satisfied by valuing inventory at:
[amp_mcq option1=”Historical cost” option2=”Current replacement value” option3=”Net realisable value” option4=”Inflated value” correct=”option1″]
Detailed SolutionThe test of objectivity and verifiability is satisfied by valuing inventory at:
47. Costing technique, in which actual direct rates are multiplied to quantity of direct cost inputs is classified as
[amp_mcq option1=”priced costing” option2=”actual costing” option3=”direct costing” option4=”indirect costing” correct=”option3″]
48. Telephone expense is . . . . . . . . expense.
[amp_mcq option1=”variable” option2=”semi-variable” option3=”fixed” option4=”None of these” correct=”option1″]
Detailed SolutionTelephone expense is . . . . . . . . expense.
49. If flexible budget amount is $82000 and actual result is $45000 then flexible budget amount will be
[amp_mcq option1=”$97,000″ option2=”$87,000″ option3=”$27,000″ option4=”$37,000″ correct=”option1″]
50. An error term, disturbance term or residual term is calculated as
[amp_mcq option1=”U=A-b” option2=”u=A-a” option3=”u=Y-y” option4=”u=X-x” correct=”option3″]
Detailed SolutionAn error term, disturbance term or residual term is calculated as