41. The use of FIFO method is suitable for
42. In . . . . . . . . each job is a cost unit to which all costs are assigned.
43. Consider the following statements.
1. Marginal costing and absorption costing are the same.
2. For decision-making, absorption costing is more suitable than marginal costing.
3. Marginal costing is based on the distinction between fixed and variable costs.
Which of the statement(s) given above is/are correct?
1. Marginal costing and absorption costing are the same.
2. For decision-making, absorption costing is more suitable than marginal costing.
3. Marginal costing is based on the distinction between fixed and variable costs.
Which of the statement(s) given above is/are correct?
44. If the selling price is fixed at 25% above the cost, the gross profit ratio is
45. The sum of prime cost and factory overheads is known as which of the following form?
46. Marginal-costing technique is useful for
47. Qualities demanded from the job holder is technically known as . . . . . . . .
48. The head office of the institute of cost and works accountants of India is located at
49. In service costing, fixed charges are also called as . . . . . . . .
50. When opening stock is Rs. 50,000, closing stock is Rs. 60,000 and the cost of goods sold is Rs. 2,20,000, the stock turnover ratio is:
Read More Section(Costing)
Each Section contains maximum 100 MCQs question on Costing. To get more questions visit other sections.