01:01
02:01
03:01
04:01
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Costing
52. . . . . . . . . aids in price fixation.
Financial accounting
Cost accounting
Management accounting
None of these
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Answer is Wrong!
53. An assumption of specification analysis states: any observation does not belong to any other observation’s residual value, is classified as
independence of residuals
dependence of residuals
independence of correlation
dependence of residuals
Answer is Right!
Answer is Wrong!
54. General profitability ratios are on the basis of
Investments
Sales
Both A and B
None of the above
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Detailed SolutionGeneral profitability ratios are on the basis of
55. A company buys 8000 units of an item for its annual requirement. Each unit costs Rs. 10, the ordering cost per order is Rs. 30 and the carrying cost is 7.5% of the average inventory per year. The economic order quantity will be
566 units
800 units
2530 units
900 units
Answer is Right!
Answer is Wrong!
56. In a normal accounting period, allocated amount of indirect cost is $2000 and actual amount is $2200, then this is classified as
over allocated budget
under allocated budget
under allocated indirect cost
over allocated direct cost
Answer is Right!
Answer is Wrong!
57. The sum of value of work certified and uncertified appearing in the Contract Account is called . . . . . . . .
Work in Progress
Work in Process
Work Completed
Work Done
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58. Budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to
budget production
planned production
setup production
stand by production
Answer is Right!
Answer is Wrong!
59. This is a level at which normal issue of material are stopped, but issued under special condition It is ________.
maximum stock level
minimum stock level
danger level
average stock level
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60. Debt equity ratio is a test of
liquidity
profitability
solvency
turnover
Answer is Right!
Answer is Wrong!