Costing

42. If an overhead cost of operating a machine is $500000 for 1000 hours, then cost allocation rate will be

$1500 per machine hour
$250 per machine hour
$500 per machine hour
$1000 per machine hour

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cost allocation rate will be" class="read-more button" href="https://exam.pscnotes.com/mcq/if-an-overhead-cost-of-operating-a-machine-is-500000-for-1000-hours-then-cost-allocation-rate-will-be/#more-49561">Detailed SolutionIf an overhead cost of operating a machine is $500000 for 1000 hours, then cost allocation rate will be

43. In order to avoid the stoppage of production due to shortage of material _______.

maximum stock level is maintained
minimum stock level is maintained
re-order level is maintained
average stock level is maintained

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class="screen-reader-text">In order to avoid the stoppage of production due to shortage of material _______.

44. If beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and ending work in process equivalent units are 5000, then complete equivalent units in current period are

1800 units
1500 units
1300 units
1500 units

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viewBox="0 0 576 512"> Subscribe on YouTube button" href="https://exam.pscnotes.com/mcq/if-beginning-work-in-process-equivalent-units-are-2500-units-work-done-in-current-period-equivalent-units-are-3800-units-and-ending-work-in-process-equivalent-units-are-5000-then-complete-equivalent/#more-49511">Detailed SolutionIf beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and ending work in process equivalent units are 5000, then complete equivalent units in current period are

45. Forth step in process costing system is to

summarize total costs
compute cost for each equivalent unit
summarize flow of output
compute output in units

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42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 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 title="Forth step in process costing system is to" class="read-more button" href="https://exam.pscnotes.com/mcq/forth-step-in-process-costing-system-is-to/#more-49465">Detailed SolutionForth step in process costing system is to

46. An under allocated indirect cost is also called

under applied indirect cost
under absorbed indirect cost
absorbed indirect cost
both a and b

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48.3 47.8C117.2 448 288 448 288 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 is also called" class="read-more button" href="https://exam.pscnotes.com/mcq/an-under-allocated-indirect-cost-is-also-called/#more-49440">Detailed SolutionAn under allocated indirect cost is also called

47. Cost which are recorded in the books after expenditure is incurred but before profit is realized

Total cost
Estimated cost
Unfinished cost
Standard cost

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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 is realized" class="read-more button" href="https://exam.pscnotes.com/mcq/cost-which-are-recorded-in-the-books-after-expenditure-is-incurred-but-before-profit-is-realized/#more-49434">Detailed SolutionCost which are recorded in the books after expenditure is incurred but before profit is realized

48. Costs of all activities for a group of products, rather than individual product can be classified as

activity level costs
input level costs
batch level costs
output level costs

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can be classified as" class="read-more button" href="https://exam.pscnotes.com/mcq/costs-of-all-activities-for-a-group-of-products-rather-than-individual-product-can-be-classified-as/#more-49418">Detailed SolutionCosts of all activities for a group of products, rather than individual product can be classified as

49. A bill of material is prepared in case of a . . . . . . . . job.

standard job
non-standardized job
Both A and B
None of these

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75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 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 . . . . . job." class="read-more button" href="https://exam.pscnotes.com/mcq/a-bill-of-material-is-prepared-in-case-of-a-job/#more-49388">Detailed SolutionA bill of material is prepared in case of a . . . . . . . . job.

50. In adjustment issues and data collection, inflation affects the

cost driver and cost
cost object and cost
heterogeneous cost
homogenous cost

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affects the" class="read-more button" href="https://exam.pscnotes.com/mcq/in-adjustment-issues-and-data-collection-inflation-affects-the/#more-49384">Detailed SolutionIn adjustment issues and data collection, inflation affects the
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