61. Average unit cost for each process is calculated by dividing the . . . . . . . . by . . . . . . . .
62. Highest in First Out (HIFO) method of issue of material is useful when the
63. Material usage variance is computed by:
64. Who proposed a model to apply economic order quantity concept of inventory management to determine the optimum cash holding in a firm?
65. Which of the following is not a cash outflow for the firm?
66. Comparison of the financial statements of the current year with the performance of previous years of the same firm is known as
67. . . . . . . . . is the cost which involves payment to outsiders.
68. Calculating ratio for industry analysis implies all of the following except,
69. Match the following.
List-I
List-II
a. Cost control purposes
1. . . . . . . . . is a predetermined cost
b. Standard cost
2. Responsibility accounting fixes responsibility for . . . . . . . .
c. Integrates
3. Cost accounting guides future . . . . . . . .
d. Production policies
4. Budgeting system . . . . . . . . key managerial functions
| List-I | List-II |
| a. Cost control purposes | 1. . . . . . . . . is a predetermined cost |
| b. Standard cost | 2. Responsibility accounting fixes responsibility for . . . . . . . . |
| c. Integrates | 3. Cost accounting guides future . . . . . . . . |
| d. Production policies | 4. Budgeting system . . . . . . . . key managerial functions |
70. Taylor's differential piece work plan provides that
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