Costing

901. Examples of nonlinear cost functions are

step constant functions
step cost functions
step price functions
step object functions

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class="read-more button" href="https://exam.pscnotes.com/mcq/examples-of-nonlinear-cost-functions-are/#more-46435">Detailed SolutionExamples of nonlinear cost functions are

902. Abnormal loss and its value are _______.

debited to process a/c
credited to process a/c
debited to costing profit and loss a/c
debited to profit and loss a/c

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class="read-more button" href="https://exam.pscnotes.com/mcq/abnormal-loss-and-its-value-are-_______/#more-46412">Detailed SolutionAbnormal loss and its value are _______.

903. Which technique, used for figures of two or more periods, is placed side by side to facilitate easy and meaningful comparisons?

Comparative statement
Common-size statement
Trend analysis
None of the above

Detailed SolutionWhich technique,

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used for figures of two or more periods, is placed side by side to facilitate easy and meaningful comparisons?

904. Sundry overhead expenses may be apportioned in the ratio of ________.

material consumed
number of employees
labour hours
machine hours

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href="https://exam.pscnotes.com/mcq/sundry-overhead-expenses-may-be-apportioned-in-the-ratio-of-________/#more-46375">Detailed SolutionSundry overhead expenses may be apportioned in the ratio of ________.

905. The type of standard best suitable for cost control purpose is:

Basic standard
Ideal standard
Normal standard
Expected standard

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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 button" href="https://exam.pscnotes.com/mcq/the-type-of-standard-best-suitable-for-cost-control-purpose-is/#more-46345">Detailed SolutionThe type of standard best suitable for cost control purpose is:

906. If difference in costs is $7000 and difference in machine hours of is $18000, then slope coefficient would be

2.571
0.39
0.2571
3.39

Detailed

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SolutionIf difference in costs is $7000 and difference in machine hours of is $18000, then slope coefficient would be

907. Total costs incur in a production process, is divided by total number of output units to calculate the

cost of indirect labour
cost of direct labour
cost of direct material
unit costs

Detailed Solution

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class="screen-reader-text">Total costs incur in a production process, is divided by total number of output units to calculate the

908. For a work order, standard time and time taken are 20 hours and 15 hours respectively. Time rate being Rs. 2 per hour, total wages payable under Rowan Premium Plan will be:

40
37.5
35
None of these

Detailed SolutionFor a work order, standard time and time taken are 20 hours and 15 hours respectively. Time rate being Rs.

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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
2 per hour, total wages payable under Rowan Premium Plan will be:

909. Method of costing that supports creation of value for customer by accounting whole value stream, rather than individual departments or products is classified as

economic accounting
back-flush accounting
lean accounting
lead accounting

Detailed SolutionMethod of costing that supports creation of value for customer by accounting whole value

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stream, rather than individual departments or products is classified as

910. Appropriate basis for apportionment of material handling charges is ________.

material purchased
material in stock
material consumed
material wasted

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class="read-more button" href="https://exam.pscnotes.com/mcq/appropriate-basis-for-apportionment-of-material-handling-charges-is-________/#more-46236">Detailed SolutionAppropriate basis for apportionment of material handling charges is ________.

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