Costing Archives

831. _________ is also known as working capital ratio.

Current ratio

Quick ratio

Liquid ratio

Debt-equity ratio

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832. Machine hour rate is obtained by dividing the total running expenses of a machine during a particular period by the . . . . . . . .

number of hours

number of products produced

number of workers

wages

Detailed SolutionMachine hour rate is obtained by dividing the

total running expenses of a machine during a particular period by the . . . . . . . .

833. Which of the following measures the best operating performance?

Ratio of return on total assets

Ratio of return of fixed assets

Ratio of return on shareholder's equity

All of the above

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834. Terms used in manufacturing cost systems are

manufacturing costs

prime costs

conversion costs

both B and C

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835. If an unexplained variation is 350050 and total variation is 700505, then coefficient of determination would be

0.5003

0.7003

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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 button" href="https://exam.pscnotes.com/mcq/if-an-unexplained-variation-is-350050-and-total-variation-is-700505-then-coefficient-of-determination-would-be/#more-47532">Detailed Solution

836. The tier clause in contracts provides protection against possible changes to which of the following?

The value of materials, labour and other expenses

Contract value

Percentage of profit

None of the above

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contracts provides protection against possible changes to which of the following?" class="read-more button" href="https://exam.pscnotes.com/mcq/the-tier-clause-in-contracts-provides-protection-against-possible-changes-to-which-of-the-following/#more-47525">Detailed Solution

837. . . . . . . . . is an example of short-term budget.

Cash budget

Capital expenditure budget

Material budget

Both A and C

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838. Match the following. List-I List-II a. Cost control purposes 1. . . . . . . . . is a predetermined cost b. Standard cost 2. Responsibility accounting fixes responsibility for . . . . . . . . c. Integrates 3. Cost accounting guides future . . . . . . . . d. Production policies 4. Budgeting system . . . . . . . . key managerial functions

a-4, b-3, c-2, d-1

a-2, b-1, c-4, d-3

a-2, b-3, c-4, d-1

a-3, b-2, c-4, d-1

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. . . . . . . . d. Production policies 4. Budgeting system . . . . . . . . key managerial functions" class="read-more button" href="https://exam.pscnotes.com/mcq/match-the-following-list-i-list-ii-a-cost-control-purposes-1-is-a-predetermined-cost-b-standard-cost-2-responsibility-accounting-fixes-responsibility-for-c-integr/#more-47492">Detailed Solution