Costing

651. Under absorption of overhead expenses in cost accounting results in _________.

decrease in costing profit
decrease in financial accounts profit
increase in costing profit
increase in financial accounts profit

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href="https://exam.pscnotes.com/mcq/under-absorption-of-overhead-expenses-in-cost-accounting-results-in-_________/#more-50117">Detailed SolutionUnder absorption of overhead expenses in cost accounting results in _________.

654. Overhead refers to:

Direct or Prime Cost
All Indirect costs
only Factory indirect costs
Only indirect expenses

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class="read-more button" href="https://exam.pscnotes.com/mcq/overhead-refers-to/#more-50084">Detailed SolutionOverhead refers to:

655. Labour cost variance is the difference between standard cost of labour and . . . . . . . .

Budgeted cost of labour
Estimated cost of labour
Actual cost of labour
None of these

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labour and . . . . . . . ." class="read-more button" href="https://exam.pscnotes.com/mcq/labour-cost-variance-is-the-difference-between-standard-cost-of-labour-and/#more-50081">Detailed SolutionLabour cost variance is the difference between standard cost of labour and . . . . . . . .

656. Purchase order lead time is multiplied to number of units is sold per unit of time to calculate

carrying costs
relevant total costs
economic order quantity
reorder point

Detailed SolutionPurchase order

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lead time is multiplied to number of units is sold per unit of time to calculate

657. An expected future revenue, which diverges in unconventional course of action is classified as

partial revenue
total revenue
relevant revenues
irrelevant revenues

Detailed SolutionAn expected future revenue,

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which diverges in unconventional course of action is classified as

658. Material usage variance is computed by:

SQ - AQ
AQ/SQ
(SQ - AQ) × SP
SP × AQ

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class="read-more button" href="https://exam.pscnotes.com/mcq/material-usage-variance-is-computed-by/#more-50044">Detailed SolutionMaterial usage variance is computed by:

659. Model which refers possibility for management to conduct sensitivity analysis can be categorized under

investment planning models
financial planning models
cost planning models
revenues forecast models

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button" href="https://exam.pscnotes.com/mcq/model-which-refers-possibility-for-management-to-conduct-sensitivity-analysis-can-be-categorized-under/#more-50036">Detailed SolutionModel which refers possibility for management to conduct sensitivity analysis can be categorized under

660. Material losses due to abnormal reasons should be transferred to . . . . . . . . . .

Profit and loss account
Costing Profit and Loss Account
Trading Account
None of these

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6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 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 class="screen-reader-text">Material losses due to abnormal reasons should be transferred to . . . . . . . . . .

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