Costing

744. Factors that accelerate process of refining a costing system include

increase in product diversity
increase in indirect costs
product market competitions
all of above

Join Our Telegram Channel

81.2z"/> Subscribe on YouTube
include" class="read-more button" href="https://exam.pscnotes.com/mcq/factors-that-accelerate-process-of-refining-a-costing-system-include/#more-48916">Detailed SolutionFactors that accelerate process of refining a costing system include

745. Financial statements and budget plans of some companies are also called

cost statement
preformed statement
sales statement
market statement

Join Our Telegram Channel
Subscribe on YouTube
class="read-more button" href="https://exam.pscnotes.com/mcq/financial-statements-and-budget-plans-of-some-companies-are-also-called/#more-48880">Detailed SolutionFinancial statements and budget plans of some companies are also called

746. Time keeping refers to _______.

time spent by worker on their job
time spent by workers in the factory
time spent by workers without work
time spent by workers off their job

Join Our Telegram Channel
Subscribe on YouTube
refers to _______." class="read-more button" href="https://exam.pscnotes.com/mcq/time-keeping-refers-to-_______/#more-48874">Detailed SolutionTime keeping refers to _______.

747. The basic difference between a static budget and flexible budget is that

a flexible budget considers only variable costs but a static budget considers all costs
a flexible budget is applicable for a single department only but a static budget for entire production facility
a flexible budget can be prepared for any production level within a relevant range but a static budget is based on one specific level of production

Join Our Telegram Channel

title="The basic difference between a static budget and flexible budget is that" class="read-more button" href="https://exam.pscnotes.com/mcq/the-basic-difference-between-a-static-budget-and-flexible-budget-is-that/#more-48847">Detailed SolutionThe basic difference between a static budget and flexible budget is that

748. Standard cost is a . . . . . . . . cost.

predetermined
historical
actual
final

Detailed SolutionStandard cost is

Join Our Telegram Channel
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
a . . . . . . . . cost.

749. If direct service labour is $7000, idle time wages are $2000 and overtime premium is $950, then total figure would be

$5,850
$5,950
$9,950
$10,050

Join Our Telegram Channel

d="M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 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 $950, then total figure would be" class="read-more button" href="https://exam.pscnotes.com/mcq/if-direct-service-labour-is-7000-idle-time-wages-are-2000-and-overtime-premium-is-950-then-total-figure-would-be/#more-48783">Detailed SolutionIf direct service labour is $7000, idle time wages are $2000 and overtime premium is $950, then total figure would be

750. Cash flow statement is useful for financial planning.

short-term
long-term
short-term as well as long-term
None of the above

Join Our Telegram Channel

124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 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 button" href="https://exam.pscnotes.com/mcq/cash-flow-statement-is-useful-for-financial-planning/#more-48764">Detailed SolutionCash flow statement is useful for financial planning.

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