Costing

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

MCV = (SQ × SP) - (AQ × AP)
MPV = AQ(SP - AP)
MUV = AP(SQ - AQ)
MYV = SC per unit (AY - SY)

Detailed SolutionWhich of the following is incorrect for material variances?

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="read-more button" href="https://exam.pscnotes.com/mcq/when-cash-is-received-from-contractee-which-a-c-should-be-credited/#more-52116">Detailed SolutionWhen 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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the sale increase?" class="read-more button" href="https://exam.pscnotes.com/mcq/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/#more-52117">Detailed SolutionThe 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 SolutionMaintenance 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

Detailed SolutionThe

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

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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is also called" class="read-more button" href="https://exam.pscnotes.com/mcq/work-measurement-method-of-cost-estimation-is-also-called/#more-52070">Detailed SolutionWork measurement method of cost estimation is also called

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

Detailed SolutionDuring the period of

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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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button" href="https://exam.pscnotes.com/mcq/in-goods-transport-service-the-cost-unit-is-________/#more-52005">Detailed SolutionIn goods transport service the cost unit is ________.

539. Sunk costs are:

relevant for decision making
Not relevant for decision making
cost to be incurred in future
future costs

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title="Sunk costs are:" class="read-more button" href="https://exam.pscnotes.com/mcq/sunk-costs-are/#more-51985">Detailed SolutionSunk costs are:

540. Type of spoilage, which is considered as controllable and can be avoided is called

abnormal spoilage
normal spoilage
transferred-in spoilage
transferred-out spoilage

Detailed

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SolutionType of spoilage, which is considered as controllable and can be avoided is called

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