111. Telephone expense is . . . . . . . . expense.
112. If the total cost is Rs. 260 and the total variable cost is Rs. 60, what will be total fixed cost if output is (i) 100 units and (ii) 200 units?
113. The material utilization rate is the most important factor in determining which of the following?
114. From the following information, find out the number of units that must be sold by the firm to earn profit of Rs. 80,000 per year.
Sales price: Rs. 25 per unit
Variable manufacturing costs: Rs. 12 per unit
Variable selling costs: Rs. 3 per unit
Fixed factory overheads: Rs. 5,00,000
Fixed selling costs: Rs. 3,00,000
Sales price: Rs. 25 per unit
Variable manufacturing costs: Rs. 12 per unit
Variable selling costs: Rs. 3 per unit
Fixed factory overheads: Rs. 5,00,000
Fixed selling costs: Rs. 3,00,000
115. Determine the operating ratio if operating expenses is Rs. 60,000; sales is Rs. 9,40,000; sales return is Rs. 40,000; and cost of net goods sold is Rs. 6,60,000.
116. Room/day is the cost unit used in . . . . . . . .
117. Which of the following is not correct with reference to standard costing?
118. . . . . . . . . obviates the necessity for the physical checking of all items of stores at the end of the year and thereby avoids dislocation of production.
119. Significant non-cash transactions are included in
120. The budget relating to . . . . . . . . must be prepared first and the other budgets should be prepared in the light of that factor.
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