Costing - Study Mode
[#1086] From the following two statements of Assertion (A) and Reason (R) . Indicate the correct option. Assertion (A) From the marginal costing approach point of view, the marginal cost is compared with the purchase price. Reason (R) If the marginal cost is less than the purchase price, it should be purchased rather than manufactured.
Correct Answer
(B) (A) is correct, but (R) is not correct
[#1087] Which of the following is not true of the cash budget?
Correct Answer
(C) Only revenue nature cash flows are shown
[#1088] Match the List-I with the items of List-II relating to human resource planning activities, and indicate the correct matching. List-I List-II a. Forecasting 1. Optimal employment b. Inventorying 2. Development activities c. Anticipating manpower problems 3. Mathematical projections of industrial trend d. Planning programmes 4. Projecting present resources into future
Correct Answer
(D) a-3, b-1, c-4, d-2
[#1089] At what value is the closing stock valued Or Stock is valued on
Correct Answer
(C) Cost price or market price, whichever is less
[#1090] Assertion (A) Break-even point can be determined both mathematically as well as graphically. Reason (R) When it is determined on a graph paper, the graph drawn is named as 'break-even chart'.
Correct Answer
(C) Both (A) and (R) are true and (R) is the correct explanation of (A)