Costing

732. Which of the following statements are correct? I. Inventory includes raw materials, finished goods and work-in-progress. II. Inventory is a part of the working capital. III. Inventory includes goods likely to be purchased.

I, II and III
II and III
I and III
I and II

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Inventory includes raw materials, finished goods and work-in-progress. II. Inventory is a part of the working capital. III. Inventory includes goods likely to be purchased." class="read-more button" href="https://exam.pscnotes.com/mcq/which-of-the-following-statements-are-correct-i-inventory-includes-raw-materials-finished-goods-and-work-in-progress-ii-inventory-is-a-part-of-the-working-capital-iii-inventory-includes-goods-l/#more-49057">Detailed SolutionWhich of the following statements are correct? I. Inventory includes raw materials, finished goods and work-in-progress. II. Inventory is a part of the working capital. III. Inventory includes goods likely to be purchased.

733. The ratio for testing immediate solvency is

current ratio
liquidity ratio
debt equity ratio
proprietary ratio

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button" href="https://exam.pscnotes.com/mcq/the-ratio-for-testing-immediate-solvency-is/#more-49044">Detailed SolutionThe ratio for testing immediate solvency is

734. A capital investment is one that

has the prospect of long-term benefits
has the prospect of short-term benefits
applies only to investment in fixed assets
All of the above

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that" class="read-more button" href="https://exam.pscnotes.com/mcq/a-capital-investment-is-one-that/#more-49019">Detailed SolutionA capital investment is one that

735. Estimation of cost functions, an ignoring information from all points but considering two observation points can be classified as

disadvantage of low high method
disadvantage of high low method
advantage of high low method
advantage of low high method

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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 href="https://exam.pscnotes.com/mcq/estimation-of-cost-functions-an-ignoring-information-from-all-points-but-considering-two-observation-points-can-be-classified-as/#more-48981">Detailed SolutionEstimation of cost functions, an ignoring information from all points but considering two observation points can be classified as

736. An automobile service unit uses . . . . . . . . costing.

specific order
batch
job
contract

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. costing." class="read-more button" href="https://exam.pscnotes.com/mcq/an-automobile-service-unit-uses-costing/#more-48975">Detailed SolutionAn automobile service unit uses . . . . . . . . costing.

737. Vertical dashed line in graphical representation of cost function represents the

cost representation
irrelevant range
relevant range
graphical representation

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the" class="read-more button" href="https://exam.pscnotes.com/mcq/vertical-dashed-line-in-graphical-representation-of-cost-function-represents-the/#more-48960">Detailed SolutionVertical dashed line in graphical representation of cost function represents the

738. Most frequently used methods of quantitative analysis include

variable equation
high low method
low high method
constant equation

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href="https://exam.pscnotes.com/mcq/most-frequently-used-methods-of-quantitative-analysis-include/#more-48956">Detailed SolutionMost frequently used methods of quantitative analysis include

739. Where raw material is to pass certain stages, before it is converted into finished goods, the method of costing used is . . . . . . . .

Job costing
Operating costing
Process costing
Both B and C

Detailed

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SolutionWhere raw material is to pass certain stages, before
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it is converted into finished goods, the method of costing used is . . . . . . . .

740. The limitations of . . . . . . . . has led to the development of standard costing system.

historical costing system
cost accounting
management accounting
None of these

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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 system." class="read-more button" href="https://exam.pscnotes.com/mcq/the-limitations-of-has-led-to-the-development-of-standard-costing-system/#more-48949">Detailed SolutionThe limitations of . . . . . . . . has led to the development of standard costing system.

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