1. Taylors differential piece rate system provides for higher rate to . . . . . . . . workers.
2. 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
3. Which of the following statements are true about ratio analys is?
1. Ratio analysis is useful in financial analysis.
2. Ratio analysis is helpful in communication and coordination.
3. Ratio analysis is not helpful in identifying weak spots of the business.
4. Ratio analysis is helpful in financial planning and forecasting.
1. Ratio analysis is useful in financial analysis.
2. Ratio analysis is helpful in communication and coordination.
3. Ratio analysis is not helpful in identifying weak spots of the business.
4. Ratio analysis is helpful in financial planning and forecasting.
4. Specific price method of valuing material issue is used when . . . . . . . .
5. Stock verification sheets are maintained to record the results of . . . . . . . .
6. Cost accounting provides detailed information about . . . . . . . . of various products, processes, services and operations.
7. Economic Batch Quantity is an important point to be determined in industries where . . . . . . . . costing is employed.
8. Assertion (A) Marginal cost and differential cost do not convey the same meaning in all the circumstances.
Reason (R) Differential cost increases or decreases due to change in fixed cost.
Reason (R) Differential cost increases or decreases due to change in fixed cost.
9. The method of costing used in a refinery is . . . . . . . . costing.
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