Costing - Study Mode

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[#1126] Unsuccessful research expenditure should be . . . . . . . . cost accounts.

(A) excluded from

(B) included in

(C) apportioned in

(D) None of these

Correct Answer

(A) excluded from

[#1127] 'EOQ' is used in:

(A) Inventory Management

(B) Receivables Management

(C) Cash Management

(D) Ratio Analysis

Correct Answer

(A) Inventory Management

[#1128] Match the following. List-I List-II a. Debtor's turnover ratio 1. Solvency ratio b. Proprietary ratio 2. Liquidity ratio c. Operating ratio 3. Activity ratio d. Acid test ratio 4. Profitability ratio

(A) a-2, b-4, c-3, d-1

(B) a-3, b-2, c-1, d-4

(C) a-3, b-1, c-4, d-2

(D) a-4, b-3, c-2, d-1

Correct Answer

(C) a-3, b-1, c-4, d-2

[#1129] Match the items of List-I with the items of List-II and indicate the correct answer. List-I List-II a. Absolute cost advantage theory 1. The empirical evidence based on US export of labour-intensive goods challenging the factor endowment theory. b. Comparative cost advantage theory 2. A country with a direct cost advantage in the production of a product on account of greater efficiency. c. Factor endowment theory 3. A country should produce and export a commodity that primarily involves a factor of production in abundance within the country. d. Leontief paradox 4. A country should specialize in the production and export of a commodity in which it possesses the greatest relative advantage.

(A) a-2, b-4, c-3, d-1

(B) a-2, b-4, c-1, d-3

(C) a-2, b-1, c-3, d-4

(D) a-1, b-4, c-3, d-2

Correct Answer

(A) a-2, b-4, c-3, d-1

[#1130] The principle types of inventories are raw materials and, . . . . . . . . and finished goods.

(A) processed materials

(B) goods-in-progress

(C) stored goods

(D) goods for dispatch

Correct Answer

(B) goods-in-progress