Costing

[amp_mcq option1=”600 units” option2=”750 units” option3=”1200 units” option4=”1250 units” correct=”option3″]

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 = __________.

[amp_mcq option1=”cost ascertainment, cost presentation, cost control” option2=”tax planning, tax accounting, financial accounting” option3=”presentation of accounting information, creation of policy, day-to-day operation” option4=”None of the above” correct=”option1″]

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

[amp_mcq option1=”job” option2=”batch” option3=”operation” option4=”output” correct=”option1″]

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

[amp_mcq option1=”product life cycle” option2=”life cycle budgeting” option3=”life cycle costing” option4=”target costing” correct=”option3″]

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

[amp_mcq option1=”zero” option2=”one” option3=”two” option4=”three” correct=”option2″]

Detailed SolutionSlope coefficient of linear cost function is

[amp_mcq option1=”t-value” option2=”b-value” option3=”d-value” option4=”c-value” correct=”option1″]

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

[amp_mcq option1=”labour which can be conveniently associated with aparticular cost unit” option2=”labour which completes the work manually” option3=”permanent labour in the production department” option4=”labour which is recruited directly and not through contractors” correct=”option1″]

Detailed SolutionDirect labour means ________.

[amp_mcq option1=”Process” option2=”Batch” option3=”Job” option4=”Contract” correct=”option1″]

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

[amp_mcq option1=”Time rate” option2=”Gantts task and bonus plan” option3=”Halsey plan” option4=”Rowan plan” correct=”option4″]

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

[amp_mcq option1=”dismisses” option2=”integrates” option3=”discharges” option4=”None of these” correct=”option1″]

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