41. While calculating gross profit, if net profit is given, then,
42. Match the following.
List-I (Variances)
List-II (Causes)
a. Overhead efficiency variance
1. Power failure
b. Overhead volume variance
2. Appointing low grade employees
c. Labour idle time variance
3. Poor working condition
d. Labour efficiency variance
4. Working days being more or less than budgeted
| List-I (Variances) | List-II (Causes) |
| a. Overhead efficiency variance | 1. Power failure |
| b. Overhead volume variance | 2. Appointing low grade employees |
| c. Labour idle time variance | 3. Poor working condition |
| d. Labour efficiency variance | 4. Working days being more or less than budgeted |
43. . . . . . . . . is the assessment of the relative worth of jobs within a company whereas . . . . . . . . is the assessment of the relative worth of man behind the job.
44. What is Economic Order Quantity?
45. An estimated price, which is expected to be paid by customers for particular market offering is classified as
46. Cost which are recorded in the books after expenditure is incurred but before profit is realized
47. Which of the following expenditure groups are direct expenses of the business?
48. In marginal costing, contribution is equal to
49. Match the items of List-I with those of List-II.
List-I
List-II
a. Acid test ratio
1. Profitability analysis
b. Debt service coverage ratio
2. Activity analysis
c. Debt equity ratio
3. Liquidity analysis
d. Stock turnover ratio
4. Long-term solvency analysis
| List-I | List-II |
| a. Acid test ratio | 1. Profitability analysis |
| b. Debt service coverage ratio | 2. Activity analysis |
| c. Debt equity ratio | 3. Liquidity analysis |
| d. Stock turnover ratio | 4. Long-term solvency analysis |
50. . . . . . . . . expenses are excluded from cost.
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