Costing - Study Mode
[#1041] The deviation of the actual cost or profit or sales from the standard cost or profit or sale is known as . . . . . . . .
Correct Answer
(B) Variance
[#1042] Working capital requirement of a sugar mill is assessed as per
Correct Answer
(C) cash budget method
[#1043] Why is profit volume ratio used? 1. To compute the variable cost for any volume of sales. 2. To determine break-even point and the level of output required to earn a desired profit. 3. To decide most profitable sales mix. Select the correct answer
Correct Answer
(D) All of these
[#1044] Boiler house costing is an example of . . . . . . . . costing.
Correct Answer
(C) service
[#1045] Material should be issued by the store keeper against . . . . . . . .
Correct Answer
(C) Both A and B