Costing

661. Defectives are that portion of production which can be . . . . . . . . at some extra cost of re-operation.

sold
rectified
purchased
None of these

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class="read-more button" href="https://exam.pscnotes.com/mcq/defectives-are-that-portion-of-production-which-can-be-at-some-extra-cost-of-re-operation/#more-50029">Detailed SolutionDefectives are that portion of production which can be . . . . . . . . at some extra cost of re-operation.

662. . . . . . . . . is a technique of stock control which leads to saving of time of the management because attention is required to be paid only to some of the items rather than on all the items.

ABC Analysis
JIT Inventory System
VED Analysis
Perpetual Inventory System

Detailed Solution. . . . . . . . is a technique of stock control which leads to saving of time of

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the management because attention is required to be paid only to some of the items rather than on all the items.

663. Relationship between change in activity and change in total costs is considered as

fixed relationship
cause and effect relationship
ineffective relationship
variable relationship

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class="read-more button" href="https://exam.pscnotes.com/mcq/relationship-between-change-in-activity-and-change-in-total-costs-is-considered-as/#more-49994">Detailed SolutionRelationship between change in activity and change in total costs is considered as

664. Costs associated with the labour turnover can be categorised into:

Preventive Costs only
Replacement costs only
Both of the above
Machine costs

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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
categorised into:" class="read-more button" href="https://exam.pscnotes.com/mcq/costs-associated-with-the-labour-turnover-can-be-categorised-into/#more-49987">Detailed SolutionCosts associated with the labour turnover can be categorised into:

665. Liquidity ratios are expressed in

Pure ratio form
Percentage
Rate or time
None of the above

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213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube class="read-more button" href="https://exam.pscnotes.com/mcq/liquidity-ratios-are-expressed-in/#more-49985">Detailed SolutionLiquidity ratios are expressed in

666. First step in process costing system is to

summarize flow of output
compute output in units
summarize total costs
compute cost for each equivalent unit

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href="https://exam.pscnotes.com/mcq/first-step-in-process-costing-system-is-to/#more-49914">Detailed SolutionFirst step in process costing system is to

667. Aspects of accounting for scrap includes

physical tracking
non-inventoriable costing
inventory costing
both a and c

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64 288 64S117.2 64 74.6 75.5c-23.5 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="read-more button" href="https://exam.pscnotes.com/mcq/aspects-of-accounting-for-scrap-includes/#more-49904">Detailed SolutionAspects of accounting for scrap includes

668. Material control involves ________.

consumption of material
issue of material
purchase of material
purchase, storage and issue of material

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involves ________." class="read-more button" href="https://exam.pscnotes.com/mcq/material-control-involves-________/#more-49883">Detailed SolutionMaterial control involves ________.

669. GRN number refers to________.

goods received note number
goods returned note number
goods shortage note number
goods requisition note number

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number refers to________." class="read-more button" href="https://exam.pscnotes.com/mcq/grn-number-refers-to________/#more-49881">Detailed SolutionGRN number refers to________.

670. Variance, if used to alert managers before time of problem is called

varied warning
times warning
managers warning
early warning

Detailed

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SolutionVariance, if used to alert managers before time of problem is called

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