Costing Archives

501. Which of the following accounts is similar to the inventory account of a merchandising company?

Raw materials inventory

Work-in-process inventory

Finished goods inventory

Manufacturing inventory

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to the inventory account of a merchandising company?" class="read-more button" href="https://exam.pscnotes.com/mcq/which-of-the-following-accounts-is-similar-to-the-inventory-account-of-a-merchandising-company/#more-52858">Detailed Solution

502. Costing system, which omits some of journal entries in accounting system is known as

in-time costing

trigger costing

back flush costing

lead time costing

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503. The expenses relating to a particular process is ________.

debited to that process a/c

credited to that process a/c

debited to costing profit and loss a/c

debited to profit and loss a/c

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________." class="read-more button" href="https://exam.pscnotes.com/mcq/the-expenses-relating-to-a-particular-process-is-________/#more-52838">Detailed Solution

504. Operating cost is usually ascertained through ________.

a ledger account

profit and loss a/c

balance sheet

a statement

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505. For printing of wedding invitation card the most appropriate costing system is

Process costing

Contract costing

Unit costing

Job costing

Detailed SolutionFor printing

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of wedding invitation card the most appropriate costing system is

506. Service costing is called as . . . . . . . .

Operation costing

Operating costing

Multiple costing

None of these

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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 ." class="read-more button" href="https://exam.pscnotes.com/mcq/service-costing-is-called-as/#more-52733">Detailed Solution

507. If economic order quantity for one year is 15000 packages and demand in units for one year are 1500 units, then number of deliveries in a year will be

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will be" class="read-more button" href="https://exam.pscnotes.com/mcq/if-economic-order-quantity-for-one-year-is-15000-packages-and-demand-in-units-for-one-year-are-1500-units-then-number-of-deliveries-in-a-year-will-be/#more-52720">Detailed Solution