Costing Archives

531. Which of the following is incorrect for material variances?

MCV = (SQ Ã SP) - (AQ Ã AP)

MPV = AQ(SP - AP)

MUV = AP(SQ - AQ)

MYV = SC per unit (AY - SY)

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532. When cash is received from contractee which a/c should be credited.

Cash a/c

Contract a/c

Contractor a/c

Contractee a/c

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class="screen-reader-text">When cash is received from contractee which a/c should be credited.

533. The profit volume ratio of an enterprise is 40%.To offset a 10% decrease in the selling price, by how much should the sale increase?

10%

20%

25%

40%

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profit volume ratio of an enterprise is 40%.To offset a 10% decrease in the selling price, by how much should the sale increase?

534. Maintenance charges are in the nature of . . . . . . . . expenses.

Fixed

Variable

Semi-variable

None of these

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. . . expenses." class="read-more button" href="https://exam.pscnotes.com/mcq/maintenance-charges-are-in-the-nature-of-expenses/#more-52103">Detailed Solution Join Our Telegram Channel class="screen-reader-text">Maintenance charges are in the nature of . . . . . . . . expenses.

535. The type of process loss that should not affect the cost of inventory value is _________.

abnormal loss

normal loss

seasonal loss

standard loss

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of inventory value is _________." class="read-more button" href="https://exam.pscnotes.com/mcq/the-type-of-process-loss-that-should-not-affect-the-cost-of-inventory-value-is-_________/#more-52075">Detailed Solution

536. Work measurement method of cost estimation is also called

price engineering method

industrial engineering method

measuring engineering method

unit engineering method

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537. During the period of rising prices, higher profits can be shown by valuing stock at:

L.I.F.O. basis

F.I.F.O. basis

Simple average price

Weighted average price

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Detailed SolutionDuring the period of

rising prices, higher profits can be shown by valuing stock at:

538. In goods transport service the cost unit is ________.

cost per ton

cost per hour

cost per ton kilo meters

cost per vehicle

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