71. Which method of costing is used in hospitals?
72. . . . . . . . . is the value of a benefit where no actual cost is incurred.
73. If prime cost is Rs. 20,000; factory overheads are 25% of prime cost and office overheads are 80% of factory overheads then the office cost would be
74. An input of 5000 kg of material introduced into the process and the expected loss is 8% and if the actual output from the process is 4300, the abnormal loss is . . . . . . . . kg.
75. . . . . . . . . process loss should be transferred to costing profit & loss account.
76. Total cost is the combination of:
77. Match the items of List-I with the items of List-II and choose the correct answer.
List-I (Critical Control Standards)
List-II (Critical Points)
a. Physical standards
1. Material cost per unit
b. Cost standards
2. Labour hours per unit of output
c. Revenue standards
3. Timing of production
d. Programme standards
4. Average sales per customer
List-I (Critical Control Standards) | List-II (Critical Points) |
a. Physical standards | 1. Material cost per unit |
b. Cost standards | 2. Labour hours per unit of output |
c. Revenue standards | 3. Timing of production |
d. Programme standards | 4. Average sales per customer |
78. During the period of rising prices, higher profits can be shown by valuing stock at:
79. X Ltd has a liquid ratio of 2 : 1. If its stock is Rs. 40,000, and its current liabilities are of Rs. 1,00,000, its current ratio will be
80. Total Cost (+) contracts are generaelly applicable in cases where
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