Costing
running
petrol
drivers salary
tax
Answer is Wrong!
Answer is Right!
42. Goodness of fit is used to measure wellness of
actual values
predicted values
residual values
indexed values
Answer is Wrong!
Answer is Right!
Detailed SolutionGoodness of fit is used to measure wellness of
43. Economic capacity of a plant represents its:
maximum physical output level
average output level over a period
break-even output and sales level
output level that equates the average and the marginal costs
Answer is Wrong!
Answer is Right!
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?
labour costs
factory overhead costs
finished costs
manufacturing costs
Answer is Wrong!
Answer is Right!
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?
Rs 1.20
Rs 1.31
Rs1.42
Rs 1.50
Answer is Wrong!
Answer is Right!
46. Service costing is not used in one of the following:
Electricity
Hospitals
Transport
Electronics
Answer is Wrong!
Answer is Right!
Detailed SolutionService costing is not used in one of the following:
47. Continuous stock taking is a part of ________.
annual stock taking
perpetual inventory
ABC analysis
VED analysis
Answer is Wrong!
Answer is Right!
Detailed SolutionContinuous stock taking is a part of ________.
48. Process cost is ascertained and recorded in ________.
balance sheet
profit and loss a/c
separate statement
separate ledger a/c
Answer is Wrong!
Answer is Right!
Detailed SolutionProcess cost is ascertained and recorded in ________.
49. . . . . . . . . is used primarily for control of spare parts.
ABC Analysis
JIT Inventory System
VED Analysis
Perpetual Inventory System
Answer is Wrong!
Answer is Right!
Detailed Solution. . . . . . . . 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”
Rs .88
Rs 1.50
Rs 15.84
Rs28, 140
Answer is Wrong!
Answer is Right!