Costing - Study Mode
[#876] Cash flow statement is useful for financial planning.
Correct Answer
(A) short-term
[#877] The cost accounting method to compute basic cost of a product or service is
Correct Answer
(D) Unit costing
[#878] Match the following. List-I (Variances) List-II (Formulae) a. MCV 1. SP (RSQ - AQ) b. MPV 2. SP (SQ - AQ) c. MUV 3. AQ consumed (SP - AP) d. MMV 4. SC - AC
Correct Answer
(A) a-4, b-3, c-2, d-1
[#879] Fixed cost . . . . . . . . in the same proportion in which output changes.
Correct Answer
(A) does not change
[#880] Fixed cost per unit . . . . . . . . with increase in output.
Correct Answer
(B) decreases