Costing

762. Lower level of production leads to

higher setup cost
lower repair cost
higher setup cost
higher repair cost

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class="read-more button" href="https://exam.pscnotes.com/mcq/lower-level-of-production-leads-to/#more-48590">Detailed SolutionLower level of production leads to

763. In assumptions of specific analysis, normality of residuals is satisfied with use of

real price data
real cost data
multiplier data
divisional data

Detailed SolutionIn assumptions of

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specific analysis, normality of residuals is satisfied with use of

764. A company calculates the prices of jobs by adding overheads to the prime cost and adding 30% to total costs as a profit margin. Job number Y256 was sold for Rs1690 and incurred overheads of Rs 694. What was the prime cost of the job?

Rs 489
Rs 606
Rs 996
Rs 1300

Detailed SolutionA company calculates the prices of jobs by adding overheads to the prime cost and adding 30% to total costs as a profit margin. Job number Y256 was sold

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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

for Rs1690 and incurred overheads of Rs 694. What was the prime cost of the job?

765. Kaizen costing is applied to a product that is

produced
under production
targeted to produce
sold to customer

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is" class="read-more button" href="https://exam.pscnotes.com/mcq/kaizen-costing-is-applied-to-a-product-that-is/#more-48557">Detailed SolutionKaizen costing is applied to a product that is

766. Variable cost per unit ________.

varies when output varies
remains constant
increase when output increases
decreases when output decreases

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213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube unit ________." class="read-more button" href="https://exam.pscnotes.com/mcq/variable-cost-per-unit-________/#more-48549">Detailed SolutionVariable cost per unit ________.

767. ABC analysis is ________.

At best Control
Always better Control
Average better Control
All best control

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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 is ________." class="read-more button" href="https://exam.pscnotes.com/mcq/abc-analysis-is-________/#more-48479">Detailed SolutionABC analysis is ________.

768. Opportunity cost of capital invested in inventory is included in:

Ordering cost
Carrying cost
Stock-out cost
Overheads

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class="read-more button" href="https://exam.pscnotes.com/mcq/opportunity-cost-of-capital-invested-in-inventory-is-included-in/#more-48476">Detailed SolutionOpportunity cost of capital invested in inventory is included in:

769. In activity based costing method implementation, an output unit level costs are classified as

indirect costs
direct cost
labour cost
raw material cost

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href="https://exam.pscnotes.com/mcq/in-activity-based-costing-method-implementation-an-output-unit-level-costs-are-classified-as/#more-48473">Detailed SolutionIn activity based costing method implementation, an output unit level costs are classified as

770. If actual selling price is $500, actual result is $250 and actual units sold are 350, then selling price variance will be

$87,500
$97,500
$67,500
$57,500

Detailed Solution

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class="screen-reader-text">If actual selling price is $500, actual result is $250 and actual units sold are 350, then selling price variance will be
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