61. During a period of rising prices, which of the following inventory pricing methods tends to produce higher cost of goods sold?
62. Target price is subtracted from per unit target operating income to calculate
63. Standard costing is more widely applied in . . . . . . . . industries.
64. A technique, which accumulates and tracks costs of business function in value chain attributed to each market, offering from R and D to final customer support, is called
65. When actual loss is . . . . . . . . than the estimated loss, the difference between the two is considered to be abnormal gain.
66. What is the basic difference between a static budget and a flexible budget?
67. Return on Investment (RoI) is computed as
68. Which of the following methods of stock valuation results in lower valuation of inventory and lower income when prices are rising:
69. Under Merrick's multiple piece rate system, 120% of the ordinary piece rate is given to workers whose level of performance is between . . . . . . . . of the standard output.
70. Under Merrick's multiple piece rate system, 110% of the ordinary piece rate is given to workers whose level of performance is between . . . . . . . . of the standard output.
Read More Section(Costing)
Each Section contains maximum 100 MCQs question on Costing. To get more questions visit other sections.