Costing Archives

701. An implementation of activity based costing would be possible only if accountants find

goodness of each activity

handling of each activity

cost driver for each activity

cost object for each activity

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

only if accountants find" class="read-more button" href="https://exam.pscnotes.com/mcq/an-implementation-of-activity-based-costing-would-be-possible-only-if-accountants-find/#more-49366">Detailed Solution

702. Stock verification sheets are maintained to record the results of . . . . . . . .

physical verification

financial control

financial verification

quality verification

Join Our Telegram Channel

Subscribe on YouTube

. . . ." class="read-more button" href="https://exam.pscnotes.com/mcq/stock-verification-sheets-are-maintained-to-record-the-results-of/#more-49362">Detailed Solution

703. Material price variance = Actual usage (. . . . . . . .)

Standard price

Standard unit price - actual unit price

Actual price

Standard usage

Join Our Telegram Channel

Subscribe on YouTube

. .)" class="read-more button" href="https://exam.pscnotes.com/mcq/material-price-variance-actual-usage/#more-49360">Detailed Solution

704. If percentage of overall gross margin is 15 and final sales value of whole production is $20000, then gross margin (in dollars) will be

$30,000

$300,000

$40,000

$400,000

Detailed

Solution

705. Perpetual inventory system involves __________

bincard and stores ledger

bill of material and material requisition

purchase requisition and purchase order

inward and outward invoices

Join Our Telegram Channel

Subscribe on YouTube

class="read-more-container">Detailed Solution

706. Costing, which explains how and when scrap affects operating income of company is classified as

inventory costing

conversion costing

normal scrap costing

abnormal scrap costing

Detailed SolutionCosting,

which explains how and when scrap affects operating income of company is classified as

707. Allotment of whole item of cost to a cost centre or cost unit is known as:

Cost Apportionment

Cost Allocation

Cost Absorption

Machine hour rate

Detailed SolutionAllotment of whole

item of cost to a cost centre or cost unit is known as:

708. When prices are rising, the stock should be valued under:

FIFO method

LIFO method

General average method

Weighted average method

Join Our Telegram Channel

Subscribe on YouTube

be valued under:" class="read-more button" href="https://exam.pscnotes.com/mcq/when-prices-are-rising-the-stock-should-be-valued-under/#more-49310">Detailed Solution

709. If budgeted total direct labour hours are 3800 and budgeted direct labour cost is $480000, then budgeted direct labour cost rate will be

$126.32 per labour hour

$128.32 per labour hour

$130 per labour hour

$132 per labour hour

Detailed SolutionIf budgeted total

Join Our Telegram Channel

direct labour hours are 3800 and budgeted direct labour cost is $480000, then budgeted direct labour cost rate will be

710. If the current ratio is 2 : 1 and working capital is Rs. 60,000. What is the value of the current assets?

Rs. 60,000

Rs. 1,00,000

Rs. 1,20,000

Rs. 1,80,000

Join Our Telegram Channel

Subscribe on YouTube

60,000. What is the value of the current assets?" class="read-more button" href="https://exam.pscnotes.com/mcq/if-the-current-ratio-is-2-1-and-working-capital-is-rs-60000-what-is-the-value-of-the-current-assets/#more-49304">Detailed Solution

Page 1 Page 2 Page 3 Page 4 Page 5

Test 1 Test 2 Test 3 Test 4 Test 5 Test 6 Test 7 Test 8 Test 9 Test 10 Test 11 Test 12 Test 13 Test 14 Test 15 Test 16 Test 17 Test 18 Test 19 Test 20 Test 21 Test 22 Test 23 Test 24

Exit mobile version