Costing - Study Mode

[#56] Cost centre and cost unit are . . . . . . . .
Correct Answer

(A) not the same

[#57] Which of the following comes under efficiency ratios?
Correct Answer

(D) All of the above

[#58] An unfavourable material usage arises because of:
Correct Answer

(D) More than anticipated normal wastage in the manufacturing process

[#59] For a transport concern like Bus Transport, the most appropriate method of costing technique will be:
Correct Answer

(C) Operating Costing

[#60] An arrangement of line of authority within company is classified as
Correct Answer

(B) organization structure

Explanation

Solution: Organizational structure determines how the roles, power and responsibilities are assigned, controlled, and coordinated, and how information flows between the different levels of management.