Costing Archives

491. Material Costs of each job are determined from . . . . . . . .

material requisition notes

bill of materials

Both A and B

None of these

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. . . ." class="read-more button" href="https://exam.pscnotes.com/mcq/material-costs-of-each-job-are-determined-from/#more-52980">Detailed Solution

492. If an unexplained variation is 456870 and total variation is 955000, then coefficient of determination will be

0.4528

0.4783

0.5216

0.5425

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button" href="https://exam.pscnotes.com/mcq/if-an-unexplained-variation-is-456870-and-total-variation-is-955000-then-coefficient-of-determination-will-be/#more-52979">Detailed Solution

493. Considering relationship of variables, relationship in which activity cost is included in dependent variable, which has similar cost driver is classified as

heterogeneous relationship

extreme relationship

no homogeneous relationship

homogeneous relationship

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Detailed SolutionConsidering relationship of

variables, relationship in which activity cost is included in dependent variable, which has similar cost driver is classified as

494. A joint cost allocation method is based on relative value of total sales, at point of split off is classified as

sales value at split off method

joint costs at split off point method

joint products value at split off method

main product cost at split off method

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title="A joint cost allocation method is based on relative value of total sales, at point of split off is classified as" class="read-more button" href="https://exam.pscnotes.com/mcq/a-joint-cost-allocation-method-is-based-on-relative-value-of-total-sales-at-point-of-split-off-is-classified-as/#more-52952">Detailed Solution

495. If the contract is 50% complete, which of the following amount of profit is normally credited?

50% of the estimated profit

Estimated profit amount

Two-third of the profit earned multiplied by cash ratio

None of these

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is normally credited?" class="read-more button" href="https://exam.pscnotes.com/mcq/if-the-contract-is-50-complete-which-of-the-following-amount-of-profit-is-normally-credited/#more-52931">Detailed Solution

496. In production, variables such as level of activity or volume of company activity are known as

cost drivers

timed drivers

variable drivers

fixed drivers

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Detailed SolutionIn production, variables such as

level of activity or volume of company activity are known as

497. Hierarchy which is based on different types of cost allocation and drivers, is to categorize cost pool activity is classified as

cost hierarchy

price hierarchy

activity hierarchy

purpose hierarchy

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class="read-more button" href="https://exam.pscnotes.com/mcq/hierarchy-which-is-based-on-different-types-of-cost-allocation-and-drivers-is-to-categorize-cost-pool-activity-is-classified-as/#more-52897">Detailed Solution

498. When two products are simultaneously produced in a process and one of them has comparatively high value and other is of low value , the low value product is called __________.

joint products

by products

seasonal products

economic products

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Detailed SolutionWhen two products are simultaneously produced in a process and one of them has comparatively

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high value and other is of low value , the low value product is called __________.