51. . . . . . . . . helps in ascertaining costs beforehand.
52. Assertion (A): Only the relevant costs should be taken into consideration for decision-making.
Reason (R): All variable costs are relevant costs, and all fixed costs are irrelevant costs.
Reason (R): All variable costs are relevant costs, and all fixed costs are irrelevant costs.
53. Responsibility accounting aims to
54. In process costing, the abnormal loss is treated as . . . . . . . . cost and written off to profit & loss account.
55. Material price variance = Actual usage (. . . . . . . .)
56. A company proposes to introduce a new product in the market. The company wants to maintain P/V ratio at 25%. If variable cost of the product is Rs. 300, then what will be the selling price?
57. What is the amount of fixed cost if the margin of safety is Rs. 80,000 profit is Rs. 20,000, and sales is Rs. 3,00,000?
58. Credit and collection cost is an item of:
59. . . . . . . . . forms part of cost of production.
60. Average cost method of valuing material issues is suitable when . . . . . . . .
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