32.
Match the following.
List-I List-II
a. Labour cost variance 1. Actual hours paid (Standard rate - Actual rate)
b. Labour rate variance 2. Standard cost - Actual cost
c. Efficiency variance 3. Idle hours × Standard rate per hour
d. Idle time variance 4. Standard rate (Standard hours - Actual hours worked)

34.
An increase in fixed costs will result, in which of the following?

35.
Which of the following statement(s) is/are correct?

37.
The main purpose of cost accounting is to

38.
Which of the following are possible causes of material price variance?
1. Change in market price.
2. Use of poor quality of material.
3. Inefficient buying.
4. Untimely buying.
5. Paying overtime for urgent work.
6. Use of substitute material of different prices.
Select the correct answer:

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