The purpose of financial accounting is to provide information for ________.
The purpose of financial accounting is to provide information for ________.
Material is issued by store keeper against ________.
Material is issued by store keeper against ________.
Wages paid to a labour who was engaged in production activities can be termed as _______.
Wages paid to a labour who was engaged in production activities can be termed as _______.
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
Over time is ________.
Over time is ________.
The stores keeper should initiate a purchase requisition when stock reaches ________.
The stores keeper should initiate a purchase requisition when stock reaches ________.
Piece workers are paid on the basis of ________.
Piece workers are paid on the basis of ________.
Generally types of stores are classified into ________.
Generally types of stores are classified into ________.
Fire insurance of stock can be apportioned on the basis of ________.
Fire insurance of stock can be apportioned on the basis of ________.
ABC analysis is ________.
ABC analysis is ________.
Cost classification can be done in ________.
Cost classification can be done in ________.
Cost accounting concepts include all the following except ________.
Cost accounting concepts include all the following except ________.
Toy manufacturing industry should use _______.
Toy manufacturing industry should use _______.
Direct material is a _______.
Direct material is a _______.
Cost accounting was developed because of the _________.
Cost accounting was developed because of the _________.
Perpetual inventory system involves __________
Perpetual inventory system involves __________
Office and administrative expenses can be charged on the basis of _______.
Office and administrative expenses can be charged on the basis of _______.
Given that for a job standard time is 8 hrs, actual time taken is 6 hrs and the time rate is Rs 2 per hr What is the total wages under Halsey premium plan?
Given that for a job standard time is 8 hrs, actual time taken is 6 hrs and the time rate is Rs 2 per hr What is the total wages under Halsey premium plan?
Cost unit of a sugar industry can be ________.
Cost unit of a sugar industry can be ________.
Classification of cost is useful ________.
Classification of cost is useful ________.
The basis for the payment of cash by contractee under contract is ________.
The basis for the payment of cash by contractee under contract is ________.
___________ is the value of economic resources used as a result of producing or doing the thing costed.
___________ is the value of economic resources used as a result of producing or doing the thing costed.
GRN number refers to________.
GRN number refers to________.
Total of all direct costs is termed as ________.
Total of all direct costs is termed as ________.
Discarded material substances having some value is ________.
Discarded material substances having some value is ________.
The process of grouping of costs according to some common characteristics ________.
The process of grouping of costs according to some common characteristics ________.
Process costing is suitable for ________.
Process costing is suitable for ________.
Labour turnover is ______.
Labour turnover is ______.
The cost which is to be incurred even when a business unit is closed is a _____.
The cost which is to be incurred even when a business unit is closed is a _____.
Costing refers to the techniques and processes of ________.
Costing refers to the techniques and processes of ________.
Material requisition is meant for ________.
Material requisition is meant for ________.
Classification and accumulation of costs by fixed and variable costs is of special importance in ________.
Classification and accumulation of costs by fixed and variable costs is of special importance in ________.
Labour productivity can NOT be measured by comparing ________.
Labour productivity can NOT be measured by comparing ________.
The most important element of cost in manufacturing industries is _________.
The most important element of cost in manufacturing industries is _________.
Comprehensive machine hour rate includes ________.
Comprehensive machine hour rate includes ________.
The loss which arise in manufacturing activity on account of inherent nature of the product is ________.
The loss which arise in manufacturing activity on account of inherent nature of the product is ________.
Which of the following is an example of semi-variable cost?
Which of the following is an example of semi-variable cost?
Normal loss in the manufacturing process leads to _______.
Normal loss in the manufacturing process leads to _______.
Defectives ________.
Defectives ________.
Idle time is ________.
Idle time is ________.
The type of loss that should not affect cost of inventories is ________.
The type of loss that should not affect cost of inventories is ________.
Differential piece wages means _______.
Differential piece wages means _______.
Average method of pricing the material issues is useful when ___________.
Average method of pricing the material issues is useful when ___________.
Abnormal loss and its value are _______.
Abnormal loss and its value are _______.
Bin card is maintained by ________.
Bin card is maintained by ________.
Number of worker employed is used as basis for the apportionment of ________.
Number of worker employed is used as basis for the apportionment of ________.
Scrap is ________.
Scrap is ________.
Multiple costing is a technique of using two or more costing methods for ascertainment of cost by _______.
Multiple costing is a technique of using two or more costing methods for ascertainment of cost by _______.
Indirect material used in production is classified as ________.
Indirect material used in production is classified as ________.
Charging output with overhead at reasonable rate is called ________.
Charging output with overhead at reasonable rate is called ________.
Which of the following methods of stock control aims at concentrating efforts on selected items of material?
Which of the following methods of stock control aims at concentrating efforts on selected items of material?
Direct expenses are also called ________.
Direct expenses are also called ________.
Idle capacity of a plant refers to the difference between ________.
Idle capacity of a plant refers to the difference between ________.
In labour oriented manufacturing industry which method of overhead absorption is suitable?
In labour oriented manufacturing industry which method of overhead absorption is suitable?
Sale of defectives is reduced from ________.
Sale of defectives is reduced from ________.
The expenses relating to a particular process is ________.
The expenses relating to a particular process is ________.
According to which method of pricing issues is close to current economic values?
According to which method of pricing issues is close to current economic values?
Tender is an _______.
Tender is an _______.
Basic objective of cost accounting is ________
Basic objective of cost accounting is ________
LIFO method of pricing of materials is more suitable when _________.
LIFO method of pricing of materials is more suitable when _________.
Material control involves ________.
Material control involves ________.
Operating costing is suitable for _______.
Operating costing is suitable for _______.
In goods transport service the cost unit is ________.
In goods transport service the cost unit is ________.
Continuous stock taking is a part of ________.
Continuous stock taking is a part of ________.
Discarded material substances having no value is called ________.
Discarded material substances having no value is called ________.
How many rate are used to calculate wages under Taylorss differential piece rate system?
How many rate are used to calculate wages under Taylorss differential piece rate system?
EOQ stands for ________.
EOQ stands for ________.
Recreation expenses in factory are apportioned on the basis of ________.
Recreation expenses in factory are apportioned on the basis of ________.
Cost of sales plus profit is _______.
Cost of sales plus profit is _______.
Which of the following is NOT a selling overhead?
Which of the following is NOT a selling overhead?
Contract a/c is _______.
Contract a/c is _______.
Time wages are paid on the basis of ________.
Time wages are paid on the basis of ________.
Bonus under Rowan scheme is paid ________.
Bonus under Rowan scheme is paid ________.
A document which provides for the detailed cost centre and cost unit is _______.
A document which provides for the detailed cost centre and cost unit is _______.
Normal idle time __________.
Normal idle time __________.
The ascertainment of costs after they have been incurred is known as _________.
The ascertainment of costs after they have been incurred is known as _________.
operating costing is a ________.
operating costing is a ________.
Fixed cost per unit increases when _______.
Fixed cost per unit increases when _______.
Difference between job time and attendance time is
Difference between job time and attendance time is
Prime cost includes _______.
Prime cost includes _______.
FIFO is ________.
FIFO is ________.
Audit fess is a part of _______.
Audit fess is a part of _______.
Difference between attendance time and job time is _______.
Difference between attendance time and job time is _______.
Job costing used in ________.
Job costing used in ________.
Indirect material scrap is adjusted along with ________.
Indirect material scrap is adjusted along with ________.
Batch costing is useful to determine ________.
Batch costing is useful to determine ________.
Warehouse rent is a part of ________.
Warehouse rent is a part of ________.
Depreciation of plant and machinery is a part of ________.
Depreciation of plant and machinery is a part of ________.
Comparing Rowan plan and Halsey plan, it is seen that when the time saved is less than 50% of the standard time ________._
Comparing Rowan plan and Halsey plan, it is seen that when the time saved is less than 50% of the standard time ________._
Time keeping refers to _______.
Time keeping refers to _______.
Direct cost incurred can be identified with ________.
Direct cost incurred can be identified with ________.
Actual loss is more than the predetermined normal loss, it is ________.
Actual loss is more than the predetermined normal loss, it is ________.
Factory overhead can be charged on the basis of _______.
Factory overhead can be charged on the basis of _______.
Prime cost plus variable overheads is known as________.
Prime cost plus variable overheads is known as________.
In order to avoid the stoppage of production due to shortage of material _______.
In order to avoid the stoppage of production due to shortage of material _______.
Appropriate basis for apportionment of material handling charges is ________.
Appropriate basis for apportionment of material handling charges is ________.
Labour cost is the second element of ________.
Labour cost is the second element of ________.
Overhead cost is the total of ________.
Overhead cost is the total of ________.
Which one of the following is not considered for preparation of cost sheet?
Which one of the following is not considered for preparation of cost sheet?
Process cost is ascertained and recorded in ________.
Process cost is ascertained and recorded in ________.
Those cost which is incurred to prevent the labour turnover __________.
Those cost which is incurred to prevent the labour turnover __________.
