41. The purchase of machinery by issuing long-term notes payable should be reported as a
42. Cash flow statement is useful for financial planning.
43. The cost accounting method to compute basic cost of a product or service is
44. Match the following.
List-I (Variances)
List-II (Formulae)
a. MCV
1. SP (RSQ - AQ)
b. MPV
2. SP (SQ - AQ)
c. MUV
3. AQ consumed (SP - AP)
d. MMV
4. SC - AC
List-I (Variances) | List-II (Formulae) |
a. MCV | 1. SP (RSQ - AQ) |
b. MPV | 2. SP (SQ - AQ) |
c. MUV | 3. AQ consumed (SP - AP) |
d. MMV | 4. SC - AC |
45. Fixed cost . . . . . . . . in the same proportion in which output changes.
46. Fixed cost per unit . . . . . . . . with increase in output.
47. On what basis are the selling and distribution overheads absorbed?
48. A group items in ABC system of inventory control are
49. Works cost is a total of . . . . . . . .
50. Fund flow refers to changes in
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