71
Match the following.
List-I List-II
a. Statement of changes in working capital
1. Cash flow statement
b. Deferred tax
2. Fixed assets
c. Three activities
3. Fund flow statement
d. Impairment loss
4. Balance sheet
A)
a-1, b-2, c-3, d-4
B)
a-3, b-4, c-2, d-1
C)
a-3, b-4, c-1, d-2
D)
a-4, b-3, c-1, d-2
Answer & Solution
Answer: Option
C
72
Material usage variance = standard price (. . . . . . . .)
A)
Standard usage - actual usage
B)
Standard unit price - actual unit price
C)
Standard quantity
D)
Actual quantity
Answer & Solution
Answer: Option
A
73
Which of the following is correct in regard to the cost unit of a passenger transport
A)
Only 1
B)
Only 2
C)
Both 1 and 2
D)
Neither 1 nor 2
Answer & Solution
Answer: Option
B
A)
$$\frac{{{\text{Number of actual working days in a period}}}}{{{\text{Number of working days in the budget period}}}} \times 100$$
B)
$$\frac{{{\text{Actual hours worked}}}}{{{\text{Budgeted hours}}}} \times 100$$
C)
$$\frac{{{\text{Standard hours for actual production}}}}{{{\text{Actual hours worked}}}} \times 100$$
D)
$$\frac{{{\text{Standard hours for actual production}}}}{{{\text{Budgeted standard hours}}}} \times 100$$
Answer & Solution
Answer: Option
B
75
What is not included in quick assets?
A)
Cash
B)
Gold
C)
Inventories
D)
Advance for supply of raw materials
Answer & Solution
Answer: Option
C
76
If machine hours are 8000 and factory overhead absorption rate per machine hour is Rs. 8, then the absorbed factory overheads will be
A)
Rs. 1,000
B)
Rs. 8,000
C)
Rs. 64,000
D)
Rs. 7,992
Answer & Solution
Answer: Option
C
77
When prices are rising, the stock should be valued under:
A)
FIFO method
B)
LIFO method
C)
General average method
D)
Weighted average method
Answer & Solution
Answer: Option
B
78
Sunk costs are . . . . . . . . for decision-making
A)
irrelevant
B)
relevant
C)
useful
D)
None of these
Answer & Solution
Answer: Option
A
79
. . . . . . . . is an example of long-term budget.
A)
Cash budget
B)
Capital expenditure budget
C)
Research and development budget
D)
Both B and C
Answer & Solution
Answer: Option
D
80
Rowan premium plan reformed-
A)
Taylor method
B)
Gant bonus scheme
C)
Halsey's interest method
D)
Differential method
Answer & Solution
Answer: Option
C
