Merricks multiple piece rate system has _______.
Merricks multiple piece rate system has _______.
Which of the following item of expenses will not appear in cost accounting.
Which of the following item of expenses will not appear in cost accounting.
Direct labour means ________.
Direct labour means ________.
Bad debt is an example of ________.
Bad debt is an example of ________.
Wage sheet is prepared by ________.
Wage sheet is prepared by ________.
The process of setting standards and comparing actual performance with standards with a view to control the cost is ________.
The process of setting standards and comparing actual performance with standards with a view to control the cost is ________.
Job costing method is the most suitable method for ________.
Job costing method is the most suitable method for ________.
Value of normal loss is charged to ________.
Value of normal loss is charged to ________.
Indirect materials can be apportioned on the basis of ________.
Indirect materials can be apportioned on the basis of ________.
Variable cost per unit ________.
Variable cost per unit ________.
The process of allocating and apportioning the costs on suitable basis to all the departments is _______.
The process of allocating and apportioning the costs on suitable basis to all the departments is _______.
The costing method which can be used in industry where the product pass through different processes is known as ________.
The costing method which can be used in industry where the product pass through different processes is known as ________.
Cost Unit is defined as:
Cost Unit is defined as:
Time and motion study is conducted by ________.
Time and motion study is conducted by ________.
Operating costing is more suitable for ________ industries
Operating costing is more suitable for ________ industries
Under ABC method of material control, the material are classified according to __________.
Under ABC method of material control, the material are classified according to __________.
________ is a preventive function.
________ is a preventive function.
Most appropriate basis for the apportionment of power is ________.
Most appropriate basis for the apportionment of power is ________.
Which of these is not an objective of Cost Accounting?
Which of these is not an objective of Cost Accounting?
Labour cost is the second element of ________.
Labour cost is the second element of ________.
Direct material is a ________.
Direct material is a ________.
Difference between attendance time and job time is _______.
Difference between attendance time and job time is _______.
Time wages are paid on the basis of ________.
Time wages are paid on the basis of ________.
Absorption means ________.
Absorption means ________.
Cost accounting differs from financial accounting in respect of ________.
Cost accounting differs from financial accounting in respect of ________.
When standard output is 10 units per hour and actual output is 12 units per hour, the efficiency is ________.
When standard output is 10 units per hour and actual output is 12 units per hour, the efficiency is ________.
Actual loss is less than the predetermined normal loss, it is ________.
Actual loss is less than the predetermined normal loss, it is ________.
Directors remuneration and expenses form part of ________.
Directors remuneration and expenses form part of ________.
100 units are introduced in a process in which normal loss is 5% of input If actual output is 97 then there is ________.
100 units are introduced in a process in which normal loss is 5% of input If actual output is 97 then there is ________.
________. is refers to the verification of cost accounts and check on the adherence to the cost accounting plan.
________. is refers to the verification of cost accounts and check on the adherence to the cost accounting plan.
Those cost which is incurred to prevent the labour turnover __________.
Those cost which is incurred to prevent the labour turnover __________.
This is a level at which normal issue of material are stopped, but issued under special condition It is ________.
This is a level at which normal issue of material are stopped, but issued under special condition It is ________.
Sundry overhead expenses may be apportioned in the ratio of ________.
Sundry overhead expenses may be apportioned in the ratio of ________.
Reorder level = ________.
Reorder level = ________.
Depreciation of plant can be apportioned on the basis of ________.
Depreciation of plant can be apportioned on the basis of ________.
Which of the following is a service department?
Which of the following is a service department?
In case of complete contract, the whole amount of profit is transferred to ________.
In case of complete contract, the whole amount of profit is transferred to ________.
Piece workers are paid on the basis of ________.
Piece workers are paid on the basis of ________.
When cash is received from contractee which a/c should be credited.
When cash is received from contractee which a/c should be credited.
Increase in total variable cost is due to ________.
Increase in total variable cost is due to ________.
A cost unit is ________.
A cost unit is ________.
Insurance and garage rent is ________.
Insurance and garage rent is ________.
Halsey premium plan is ________.
Halsey premium plan is ________.
Works overhead is Rs 40,000, total machine hours is 8500 hours and time allowed for machine setting is 500 houRs What is the machine rate?
Works overhead is Rs 40,000, total machine hours is 8500 hours and time allowed for machine setting is 500 houRs What is the machine rate?
Expenditure over and above prime cost is known as ________.
Expenditure over and above prime cost is known as ________.
When two products are simultaneously produced in a process and one of them has comparatively high value and other is of low value , the low value product is called __________.
When two products are simultaneously produced in a process and one of them has comparatively high value and other is of low value , the low value product is called __________.
A profit centre is a centre ____________.
A profit centre is a centre ____________.
Departmentalization of overhead is known as ________.
Departmentalization of overhead is known as ________.
Under which plan efficiency is shared by employee and employer equally?
Under which plan efficiency is shared by employee and employer equally?
Operating cost is usually ascertained through ________.
Operating cost is usually ascertained through ________.
Normal idle time __________.
Normal idle time __________.
Under Gantts task and bonus plan no bonus is payable to a worker if his efficiency is less than ________.
Under Gantts task and bonus plan no bonus is payable to a worker if his efficiency is less than ________.
50 units are processed at a cost of Rs 80, normal loss is 10%, each unit carries a scrap value of 25 paise If output is 40 units, the value of abnormal loss will be _________.
50 units are processed at a cost of Rs 80, normal loss is 10%, each unit carries a scrap value of 25 paise If output is 40 units, the value of abnormal loss will be _________.
The process of redistribution of service department costs to production departments is ________.
The process of redistribution of service department costs to production departments is ________.
Profit to be transferred to profit and loss a/c, if the contract is complete to the extent of only 20% is ________.
Profit to be transferred to profit and loss a/c, if the contract is complete to the extent of only 20% is ________.
This is a point at which the store keeper should initiate purchase requisition for fresh supply It is ________.
This is a point at which the store keeper should initiate purchase requisition for fresh supply It is ________.
In__________ the workers are paid on the basis of hourly daily,weekly rate
In__________ the workers are paid on the basis of hourly daily,weekly rate
Which method of costing can be used in furniture manufacture industry?
Which method of costing can be used in furniture manufacture industry?
Cost of contract and profit or loss thereon are determined by preparing ________.
Cost of contract and profit or loss thereon are determined by preparing ________.
When output of earlier process is transferred at a profit to the subsequent process, it is ________.
When output of earlier process is transferred at a profit to the subsequent process, it is ________.
Which method of costing is best suited for interior decoration.
Which method of costing is best suited for interior decoration.
Bonus under Halsey plan is paid ________.
Bonus under Halsey plan is paid ________.
Contract costing is most appropriate method of costing for ________.
Contract costing is most appropriate method of costing for ________.
An example of fixed cost ________.
An example of fixed cost ________.
The amount paid to sub-contractor is ________.
The amount paid to sub-contractor is ________.
Inter process profits are ________.
Inter process profits are ________.
Work uncertified is ________.
Work uncertified is ________.
Packing cost is ________.
Packing cost is ________.
When the actual overhead is less than the absorbed overhead it is ________.
When the actual overhead is less than the absorbed overhead it is ________.
Factory overhead is also called as ________.
Factory overhead is also called as ________.
Which of the following method of wage payment is most suitable where the speed of production is beyond the control of worker?
Which of the following method of wage payment is most suitable where the speed of production is beyond the control of worker?
Process a/c is ________.
Process a/c is ________.
The allotment of whole item of cost to cost centre or cost units is called _________.
The allotment of whole item of cost to cost centre or cost units is called _________.
Number of methods available for calculation of Labour turnover is ________.
Number of methods available for calculation of Labour turnover is ________.
Under absorption of overhead expenses in cost accounting results in _________.
Under absorption of overhead expenses in cost accounting results in _________.
If the actual loss is more than the estimated normal loss, then it is _________.
If the actual loss is more than the estimated normal loss, then it is _________.
The method in which issue prices of material is computed by dividing total purchase cost of material in stock with total quantity in stock ________.
The method in which issue prices of material is computed by dividing total purchase cost of material in stock with total quantity in stock ________.
Input is 10,000 units and normal loss is 20% of input and abnormal loss is 400 units What is actual output?
Input is 10,000 units and normal loss is 20% of input and abnormal loss is 400 units What is actual output?
Overvaluation of opening stock in financial accounting results ________.
Overvaluation of opening stock in financial accounting results ________.
Abnormal process loss can be transferred to ________.
Abnormal process loss can be transferred to ________.
Fixed cost is a cost:
Fixed cost is a cost:
Balance of abnormal gain a/c is transferred to ________.
Balance of abnormal gain a/c is transferred to ________.
If any by-product is produced and sold it is credited to ________.
If any by-product is produced and sold it is credited to ________.
The term cost refers to ________.
The term cost refers to ________.
The basis for determining profit to be taken into account on incomplete contract is ________.
The basis for determining profit to be taken into account on incomplete contract is ________.
Cost of process Rs1,60,000 and profit to be charged on the transfer price is 20% What is the inter process profit?
Cost of process Rs1,60,000 and profit to be charged on the transfer price is 20% What is the inter process profit?
Overhead is also known as ________.
Overhead is also known as ________.
Which of the following will be affected by normal loss?
Which of the following will be affected by normal loss?
In a machine dominated industry which method of overhead absorption is suitable?
In a machine dominated industry which method of overhead absorption is suitable?
Factory overhead is Rs 3,00,000 and direct material cost is Rs 5,00,000 What is the overhead rate under direct material cost method?
Factory overhead is Rs 3,00,000 and direct material cost is Rs 5,00,000 What is the overhead rate under direct material cost method?
Responsibility Centre can be categorised into:
Responsibility Centre can be categorised into:
Annual usage is 6000 units @ Rs 20 per unit Cost of placing an order is Rs 60 and annual carrying cost of one unit is 10% of inventory value EOQ = __________.
Annual usage is 6000 units @ Rs 20 per unit Cost of placing an order is Rs 60 and annual carrying cost of one unit is 10% of inventory value EOQ = __________.
Under which method the rate of wages are linked with the cost of living index?
Under which method the rate of wages are linked with the cost of living index?
The type of process loss that should not affect the cost of inventory value is _________.
The type of process loss that should not affect the cost of inventory value is _________.
Under which method of wage payment, wages are influenced by idle time?
Under which method of wage payment, wages are influenced by idle time?
Differential piece wages means _______.
Differential piece wages means _______.
The physical distance covered by a vehicle is measured in terms of ________.
The physical distance covered by a vehicle is measured in terms of ________.
Overhead can be classified according to function-wise as ________.
Overhead can be classified according to function-wise as ________.
Cost of idle time arising due to non availability of raw material is _______.
Cost of idle time arising due to non availability of raw material is _______.
Allotment of overhead incurred for a particular cost centre to that specific cost centre is ________.
Allotment of overhead incurred for a particular cost centre to that specific cost centre is ________.
