Job costing
Contract costing
Process costing
Specific order costing
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Answer is Wrong!
Detailed SolutionWhich method of costing can be used in furniture manufacture industry?
Costing
62. Learning curve models include
cumulative average time learning model
incremental unit time learning model
incremental production learning model
both a and b
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Answer is Wrong!
63. Direct material is a ________.
manufacturing cost
administrative cost
selling cost
distribution cost
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64. In regression analysis, if observed cost value is 50 and predicted cost value is 7, then disturbance term will be
57
43
67
47
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65. A document which consists information about labour time usage, for specific job in a specific department, is known as
selling time record
labour time record
buying time record
direct time record
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Answer is Wrong!
66. If relevant incremental costs are $5000 and relevant opportunity cost of invested capital is $2500, then relevant inventory carrying costs would be
$7,500
$7,000
$6,500
$6,000
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67. Factory overhead is Rs 3,00,000 and direct material cost is Rs 5,00,000 What is the overhead rate under direct material cost method?
25%
30%
60%
75%
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68. The relationship between two financial variables can be expressed in
Pure ratio
Percentage
Rate or time
Either of the above
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Answer is Wrong!
Detailed SolutionThe relationship between two financial variables can be expressed in
69. Overvaluation of opening stock in financial accounting results ________.
decreases costing profit
decreases financial accounts profit
increases costing profit
increases financial accounts profit
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Answer is Wrong!
Detailed SolutionOvervaluation of opening stock in financial accounting results ________.
70. Practice, which makes target more achievable by underestimating revenues or overestimating cost is called
cost slack
target slack
budgetary slack
revenue slack
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Answer is Wrong!