Costing

513. Capacity Ratio =

$$ rac{{{ ext{Number of actual working days in a period}}}}{{{ ext{Number of working days in the budget period}}}} imes 100$$
$$ rac{{{ ext{Actual hours worked}}}}{{{ ext{Budgeted hours}}}} imes 100$$
$$ rac{{{ ext{Standard hours for actual production}}}}{{{ ext{Budgeted standard hours}}}} imes 100$$

Detailed SolutionCapacity Ratio =

514. Under which method the rate of wages are linked with the cost of living index?

Flat time rate
High day rate
Measured day rate
Graduated time rate

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the cost of living index?" class="read-more button" href="https://exam.pscnotes.com/mcq/under-which-method-the-rate-of-wages-are-linked-with-the-cost-of-living-index/#more-52553">Detailed SolutionUnder which method the rate of wages are linked with the cost of living index?

515. . . . . . . . . is an example of long-term budget.

Cash budget
Capital expenditure budget
Research and development budget
Both B and C

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. . . . is an example of long-term budget." class="read-more button" href="https://exam.pscnotes.com/mcq/is-an-example-of-long-term-budget/#more-52521">Detailed Solution. . . . . . . . is an example of long-term budget.

516. In cause and effect relationship between cost level and cost driver, inflationary price effects are removed by dividing cost through

price index
cost index
profit index
cost driver index

Detailed

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class="screen-reader-text">In cause and effect relationship between cost level and cost driver, inflationary price effects are removed by dividing cost through

517. Balance sheet, in which all costs of product that must be considered as its assets, is said to be

factory overhead costs
manufacturing overhead costs
Inventoriable costs
finished costs

Detailed SolutionBalance sheet, in which all costs

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of product that must be considered as its assets, is said to be

518. The quantity of material to be ordered at one time is known as . . . . . . . . .

ordering quantity
commercial order quantity
economic order quantity
None of these

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. . ." class="read-more button" href="https://exam.pscnotes.com/mcq/the-quantity-of-material-to-be-ordered-at-one-time-is-known-as/#more-52447">Detailed SolutionThe quantity of material to be ordered at one time is known as . . . . . . . . .

519. Joint cost allocation method for joint products, which is based on achievable value is known as

joint products value at split off method
main product cost at split off method
Gross realizable value method
net realizable value method

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known as" class="read-more button" href="https://exam.pscnotes.com/mcq/joint-cost-allocation-method-for-joint-products-which-is-based-on-achievable-value-is-known-as/#more-52440">Detailed SolutionJoint cost allocation method for joint products, which is based on achievable value is known as

520. Uncontrollable costs are the costs which be influenced by the action of a specified member of an undertaking.

can not
can
may or may not
must

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the action of a specified member of an undertaking." class="read-more button" href="https://exam.pscnotes.com/mcq/uncontrollable-costs-are-the-costs-which-be-influenced-by-the-action-of-a-specified-member-of-an-undertaking/#more-52427">Detailed SolutionUncontrollable costs are the costs which be influenced by the action of a specified member of an undertaking.

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