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821. Average method of pricing the material issues is useful when ___________.

material prices are rising

material prices are falling

material prices are constant

material prices are fluctuating

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method of pricing the material issues is useful when ___________." class="read-more button" href="https://exam.pscnotes.com/mcq/average-method-of-pricing-the-material-issues-is-useful-when-___________/#more-47763">Detailed Solution

822. Type of plan of a company, which quantities expectations of cash flows, income and financial position is known as

budget

batching

complexity

process

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known as" class="read-more button" href="https://exam.pscnotes.com/mcq/type-of-plan-of-a-company-which-quantities-expectations-of-cash-flows-income-and-financial-position-is-known-as/#more-47727">Detailed Solution

823. Bin card is maintained by the . . . . . . . .

Cost accountant

Clerk

Storekeeper

Branch accountant

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." class="read-more button" href="https://exam.pscnotes.com/mcq/bin-card-is-maintained-by-the/#more-47694">Detailed Solution

824. If budgeted annual manufacturing indirect cost is $2250000 and cost allocation base is 2800 labour hour, then budgeted manufacturing overhead rate will be

$803.571 per labour hour

$805 per labour hour

$905 per labour hour

$802 per labour hour

Detailed SolutionIf budgeted annual manufacturing indirect cost is

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$2250000 and cost allocation base is 2800 labour hour, then budgeted manufacturing overhead rate will be

825. Generally types of stores are classified into ________.

two types

three types

four types

five types

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button" href="https://exam.pscnotes.com/mcq/generally-types-of-stores-are-classified-into-________/#more-47683">Detailed Solution

826. If budgeted cost in indirect cost pool is $139600 and total quantity of cost allocation base is $155600, then budgeted indirect cost rate would be

69.72%

79.72%

99.75%

89.72%

Detailed SolutionIf budgeted cost in indirect cost pool is $139600 and total quantity

of cost allocation base is $155600, then budgeted indirect cost rate would be

827. Which one of the following is not correct with reference to standard costing?

Standard costing is a system where predetermined costs are used for control of entire organisation

Standard may be expressed in quantitative and monetary measures

Only adverse variances are investigated intensively

Standard is determined for each element of cost

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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 reference to standard costing?" class="read-more button" href="https://exam.pscnotes.com/mcq/which-one-of-the-following-is-not-correct-with-reference-to-standard-costing/#more-47652">Detailed Solution