Cost accounting is based on figures. a) Approximated b) Estimated c) Historical d) Either (a) or (c) e) None of these 12 costing is used in...
This question has been answered
Question

11. Cost accounting is based on figures.a) Approximatedb) Estimatedc) Historicald) Either (a) or (c)

e) None of these


12 costing is used in transport undertaking.

a) Operating

b) Standard

c) marginal

d) Absorption

e) Service


13. In costing the cost of a group of products is ascertained.

a) Process

b) Job

c) Batch

d) Service

e) Marginal


14. The total of all direct expenses is known as

a) Total cost

b) Overhead

c) Prime cost

d) Work cost

e) None of these



15. An opportunity cost is a

a) Direct expense

b) Indirect expense

c) Variable expense

d) Fixed expense

e) Semi-variable expense



16. Work cost is the total of

a) Direct cost

b) Indirect cost

c) Variable cost

d) Controllable cost

e) Uncontrollable cost



17. Opportunity cost does not involve

a) Cash inflow

b) Cash outflow

c) Cash outlay

d) Either (a) or (b)

e) None of these


18. Depreciation is expenditure.

A) variable

b) Fixed

c) Direct

d) Indirect

e) Semi-variable


19. Out of pocket payment involves payment to

a) Managers

b) Promoters

c) Directors

d) Shareholders

e) Outsiders



20. Value added is the change in

a) Face value

b) Market value

c) Book value

d) Realizable value

e) None of these


21. Re-ordering level is = Maximum consumption x ...........

a) Minimum consumption

b) Maximum re-orders period

c) Minimum re-orders period

d) Both (a) and (b)

e) None of these


22 represents that quantity of material which is normally ordered when a particular

material reaches the ordering level.

a) EOQ

b) BOQ

c) EBQ

d) Re-order period

e) All of these



23. The quantity of material to be ordered at one time is known as

a) EOQ

b) BOQ

c) EBQ

d) Re-order period

e) All of these


24. Stock verification sheets are maintained to record the result of verification.

a) Conceptual

b) Physical

c) Economic

d) Detailed

e) All of these


25. The two levels of material controls are quantity control and

a) Financial control

b) Value control

c) Quality control

d) Both (b) and (c)

e) All of these


26. The two aspects of material control are accounting aspect and aspect.

a) Financial

b) Economic

C) social

d) Operational

e) None of these


27. Material control aims at achieving effective management.

a) Marketing

b) Production

c) Organization

d) Material

e) None of these


28. Stores ledger is maintained in the department.

a) Cost accounting

b) Stores

c) Purchase

d) Production

e) None of these


29. Bin card is a record of only.

a) Quality

b) quanity

c) Numbers

d) Value

e) None


30. Bin card is maintained by

a) Purchase department

b) Production department

c) Marketing department

d) Stores keeper

e) None of these

Answered by Expert Tutors

o. Donec aliquet. Lorem ipsum dolor sit

gue

ec faca mole

gue

ce dui lectu

gue

itur laoreeicitu

gue

dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapi

gue

dictum vitae odio. Donec aliquet. Lorem ips

gue

ec facx

gue

ce dui lectu

gue

itur laoreex

gue

ng elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae o

gue

ce dui lectus, congue vel laoreet ac, dictum vitae odio. Done

gue

ec facx

gue

icitu

gue

itur laoreex

gue

ctum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, co

gue

ipsum dolor sit amet, consectetur adipiscing eli

gue

ec facx

gue

a molestie co

gue

itur laoreex

gue

ctum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing eli

gue

ctum vitae odio. Donec aliq

gue

ec facx

gue

ultrices ac magna.

gue

itur laoree

gue

ec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio

gue

ec aliquet. Lorem ipsum dolor

gue

ec faconec

gue

lestie consequ

gue

itur laoreell

gue

rem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus

gue

Fusce dui lectus, congue vel laore

gue

ec faconec

gue

a. Fusce dui l

gue

itur laoreeicitu

gue

entesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dic

gue

a molestie consequat, ultricesu

gue

ec facx

gue

ipsum do

gue

itur laoreex

gue

e vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrice

gue

dictum vitae odio. Donec aliquet. Lorem ipsum

gue

ec facx

gue

sque dapibus

gue

itur laoreex

gue

ur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, con

gue

acinia pulvinar tortor nec facil

gue

ec facx

gue

ipiscing elit.

gue

itur laoreex


gue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultri

gue

fficitur laoreet. Nam risus ante, dapibus a molestie consequ

gue

ec facx

gue

ur laoreet. Nam risus ante,

gue

itur laoreex

gue

ctum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit

gue

ur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, d

gue

ec facx

gue

rem ipsum dolor si

gue

itur laoreex

gue

ipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictu

gue

usce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec a

gue

ec faconec

gue

or nec

gue

itur laoreex

gue

nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor

gue

o. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lac

gue

ec facx

gue

risus ante

gue

itur laoreex


ongue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor s

gue

ur laoreet. Nam risus ante, dapibus a molestie consequat, ultri

gue

ec facx

gue

rem ipsum dolor sit

gue

itur laoreex

gue

ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellente

gue

sque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie conseq

gue

ec faccongue vel laor

gue

itur laoreeonec

gue

consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellente

gue

Donec aliquet. Lorem ipsum dolor sit amet, consectetur adip

gue

fficituracinia pulvi

gue

itur laoreeacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam laci

gue

, consectetur adipiscing elit. Nam lacinia pulvina

gue

fficituripiscing elit. Nam

gue

cing elit. Nam lacinia pulvinar tortor nec facilisis. Pel

gue

ctum vitae odio. Donec aliquet. L

gue

ec facultrices a

gue

, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, con

gue

e vel laoreet ac, dictum vit

gue

ec facinia pulvinar tort

gue

itur laoreeipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risunec faciliu

gue

Step-by-step explanation

ipiscing elit. Nam lacinia pulvinar tortor nec facilisis.

, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum d
The student who asked this found it Helpful
Overall rating 100%
Get unstuck

479,698 students got unstuck by Course
Hero in the last week

step by step solutions

Our Expert Tutors provide step by step solutions to help you excel in your courses