Costing

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

Detailed

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SolutionAn assumption of specification analysis states: any observation does not belong to any other observation’s residual value, is classified as

54. General profitability ratios are on the basis of

Investments
Sales
Both A and B
None of the above

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of" class="read-more button" href="https://exam.pscnotes.com/mcq/general-profitability-ratios-are-on-the-basis-of/#more-59233">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

Detailed SolutionA company buys 8000 units of

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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

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

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of indirect cost is $2000 and actual amount is $2200, then this is classified as" class="read-more button" href="https://exam.pscnotes.com/mcq/in-a-normal-accounting-period-allocated-amount-of-indirect-cost-is-2000-and-actual-amount-is-2200-then-this-is-classified-as/#more-59213">Detailed SolutionIn a normal accounting period, allocated amount of indirect cost is $2000 and actual amount is $2200, then this is classified as

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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class="read-more button" href="https://exam.pscnotes.com/mcq/the-sum-of-value-of-work-certified-and-uncertified-appearing-in-the-contract-account-is-called/#more-59203">Detailed SolutionThe sum of value of work certified and uncertified appearing in the Contract Account is called . . . . . . . .

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

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to" class="read-more button" href="https://exam.pscnotes.com/mcq/budget-sales-plus-target-ending-finished-goods-inventory-minus-beginning-finished-goods-inventory-is-equal-to/#more-59195">Detailed SolutionBudget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to

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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condition It is ________." class="read-more button" href="https://exam.pscnotes.com/mcq/this-is-a-level-at-which-normal-issue-of-material-are-stopped-but-issued-under-special-condition-it-is-________/#more-59190">Detailed SolutionThis is a level at which normal issue of material are stopped, but issued under special condition It is ________.

60. Debt equity ratio is a test of

liquidity
profitability
solvency
turnover

Detailed

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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

SolutionDebt equity ratio is a test of
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