Costing

81. Volume variance arises because of:

Increase in overhead rate per hour
Decrease in overhead rate per hour
Increase or decrease in actual output as compared to the budgeted output
Difference in budgeted overheads and actual overheads

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variance arises because of:" class="read-more button" href="https://exam.pscnotes.com/mcq/volume-variance-arises-because-of/#more-58788">Detailed SolutionVolume variance arises because of:

82. Wages paid to workers of factory are termed as

workers premium
overtime premium
factory premium
wage premium

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83. Master budget is a

Functional budget
Operating budget
Summary budget
Financial budget

Detailed SolutionMaster

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budget is a

84. The most important element of cost in manufacturing industries is _________.

material
labour
direct costs
indirect costs

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85. A concept used to define learning curve in broader application is called

discrete curve
fixed curve
mixed curve
experience curve

Detailed Solution

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class="screen-reader-text">A concept used to define learning curve in broader application is called

86. Final sales is subtracted from net realizable value is used to calculate

separable costs
inseparable costs
joint costs
floating costs

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class="youtube-icon"> Subscribe on YouTube class="screen-reader-text">Final sales is subtracted from net realizable value is used to calculate

87. The preparation of consolidated balance sheet of holding company and its subsidiary company is done as per

AS 11
AS 21
AS 22
AS 23

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class="read-more button" href="https://exam.pscnotes.com/mcq/the-preparation-of-consolidated-balance-sheet-of-holding-company-and-its-subsidiary-company-is-done-as-per/#more-58689">Detailed SolutionThe preparation of consolidated balance sheet of holding company and its subsidiary company is done as per

88. Hybrid costing system, which is applied to batches of similar products, but are not identical is classified as

incremental costing system
split off costing system
inventoriable costing system
operation costing system

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to batches of similar products, but are not identical is classified as" class="read-more button" href="https://exam.pscnotes.com/mcq/hybrid-costing-system-which-is-applied-to-batches-of-similar-products-but-are-not-identical-is-classified-as/#more-58668">Detailed Solution Join Our Telegram Channel class="screen-reader-text">Hybrid costing system, which is applied to batches of similar products, but are not identical is classified as

89. The maximum bonus rate under Halsey Premium Method, can be

25%
$$30 rac{1}{2}% $$
$$33 rac{1}{3}% $$
50%

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button" href="https://exam.pscnotes.com/mcq/the-maximum-bonus-rate-under-halsey-premium-method-can-be/#more-58651">Detailed SolutionThe maximum bonus rate under Halsey Premium Method, can be

90. . . . . . . . . costs are partly fixed and partly variable in relation to output.

Variable
Fixed
Semi-variable
Both A and B

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variable in relation to output." class="read-more button" href="https://exam.pscnotes.com/mcq/costs-are-partly-fixed-and-partly-variable-in-relation-to-output-2/#more-58635">Detailed Solution. . . . . . . . costs are partly fixed and partly variable in relation to output.

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