31. The labour rate of pay variance can be calculated by which of the following equations?
32. Operating costing is also known as . . . . . . . . costing.
33. . . . . . . . . is a technique of stock control which leads to saving of time of the management because attention is required to be paid only to some of the items rather than on all the items.
34. Match the items of List-I with the items of List-Il and indicate the correct answer.
List-I
List-II
a. Debtors turnover ratio
1. Solvency ratio
b. Proprietary ratio
2. Liquidity ratio
c. Operating ratio
3. Activity ratio
d. Acid test ratio
4. Profitability ratio
List-I | List-II |
a. Debtors turnover ratio | 1. Solvency ratio |
b. Proprietary ratio | 2. Liquidity ratio |
c. Operating ratio | 3. Activity ratio |
d. Acid test ratio | 4. Profitability ratio |
35. Match the following.
List-I
List-II
a. Increase in fund
1. Application of funds
b. Goods purchased on credit
2. Drain in working capital
c. Commission outstanding
3. Sources of funds
d. Net loss
4. No flow of funds
List-I | List-II |
a. Increase in fund | 1. Application of funds |
b. Goods purchased on credit | 2. Drain in working capital |
c. Commission outstanding | 3. Sources of funds |
d. Net loss | 4. No flow of funds |
36. Cash Budget is a . . . . . . . . budget.
37. A bill of material serves the purpose of . . . . . . . .
38. When is a business unit known to be a profit centre?
39. The relationship between two financial variables can be expressed in
40. Period costs charged to . . . . . . . .
Read More Section(Costing)
Each Section contains maximum 100 MCQs question on Costing. To get more questions visit other sections.