31. Why is profit volume ratio used?
1. To compute the variable cost for any volume of sales.
2. To determine break-even point and the level of output required to earn a desired profit.
3. To decide most profitable sales mix.
Select the correct answer
1. To compute the variable cost for any volume of sales.
2. To determine break-even point and the level of output required to earn a desired profit.
3. To decide most profitable sales mix.
Select the correct answer
32. Boiler house costing is an example of . . . . . . . . costing.
33. Material should be issued by the store keeper against . . . . . . . .
34. The scope of cost accounting include . . . . . . . ., . . . . . . . . and . . . . . . . .
35. The process of comparing various financial factors of a company over a period of time is known as
36. . . . . . . . . budget gives different budgeted costs for different levels of activity.
37. Expenses incurred during production other than direct materials and direct labour are called . . . . . . . . factory expenses; those charged to production on estimated basis are called . . . . . . . .
38. Machine hour rate is obtained by dividing the total running expenses of a machine during a particular period by the . . . . . . . .
39. Which of the following is incorrect for material variances?
40. . . . . . . . . budget is designed to remain unchanged irrespective of the volume of output or turnover attained.
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