Costing

951. Consider the data below and answer the questions based on it. Factory Expenses = Rs. 30000 Administrative Expenses = Rs. 20000 Labour Cost = Rs. 25000 Materials = Rs. 35000 Selling Expenses = Rs. 10000 Ascertain the prime cost with the help of the given cost data.

Rs. 50000
Rs. 60000
Rs. 70000
Rs. 80000 E. Rs. 90000

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Factory Expenses = Rs. 30000 Administrative Expenses = Rs. 20000 Labour Cost = Rs. 25000 Materials = Rs. 35000 Selling Expenses = Rs. 10000 Ascertain the prime cost with the help of the given cost data." class="read-more button" href="https://exam.pscnotes.com/mcq/consider-the-data-below-and-answer-the-questions-based-on-it-factory-expenses-rs-30000-administrative-expenses-rs-20000-labour-cost-rs-25000-materials-rs-35000-selling-expenses-rs-1000/#more-45646">Detailed SolutionConsider the data below and answer the questions based on it. Factory Expenses = Rs. 30000 Administrative Expenses =
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Rs. 20000 Labour Cost = Rs. 25000 Materials = Rs. 35000 Selling Expenses = Rs. 10000 Ascertain the prime cost with the help of the given cost data.

952. Costing and cost accounting are . . . . . . . .

not the same
one and the same
not related at all
None of these

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class="read-more button" href="https://exam.pscnotes.com/mcq/costing-and-cost-accounting-are/#more-45638">Detailed SolutionCosting and cost accounting are . . . . . . . .

953. Insurance and garage rent is ________.

fixed charges
maintenance charges
operating charges
running charges

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button" href="https://exam.pscnotes.com/mcq/insurance-and-garage-rent-is-________/#more-45636">Detailed SolutionInsurance and garage rent is ________.

954. When the actual overhead is less than the absorbed overhead it is ________.

over absorption
under absorption
equal absorption
major absorption

Detailed SolutionWhen

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the actual overhead is less than the absorbed overhead it is ________.

955. Better administration of budget in budgeting plans require

intelligent interpretations
participation
persuasion
all of above

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href="https://exam.pscnotes.com/mcq/better-administration-of-budget-in-budgeting-plans-require/#more-45539">Detailed SolutionBetter administration of budget in budgeting plans require

956. Bad debt is an example of ________.

production overhead
administrative overhead
selling overhead
distribution overhead

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button" href="https://exam.pscnotes.com/mcq/bad-debt-is-an-example-of-________/#more-45534">Detailed SolutionBad debt is an example of ________.

957. Larger number of manager subordinates and higher level manager are termed as

activity subordinates
broader responsibility center
broader subordinates
activity ordinates

Detailed SolutionLarger number

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of manager subordinates and higher level manager are termed as

958. Calendar Ratio =

$$ rac{{{ ext{Number of actual working days in a period}}}}{{{ ext{Number of working days in the budget period}}}} imes 100$$
$$ rac{{{ ext{Standard hours for actual production}}}}{{{ ext{Actual hours worked}}}} imes 100$$
$$ rac{{{ ext{Standard hours for actual production}}}}{{{ ext{Budgeted standard hours}}}} imes 100$$

Detailed SolutionCalendar Ratio =

959. If beginning work-in-process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and ending work-in-process equivalent units are 5000 units, then complete equivalent units 8 in current period are

1800 units
1500 units
1300 units
1000 units

Detailed SolutionIf beginning work-in-process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and ending work-in-process

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equivalent units are 5000 units, then complete equivalent units 8 in current period are

960. Which of the following is a service department?

Refining department
Machining department
Receiving department
Finishing department

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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 href="https://exam.pscnotes.com/mcq/which-of-the-following-is-a-service-department/#more-45485">Detailed SolutionWhich of the following is a service department?

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