Costing - Study Mode

[#166] Each job has a . . . . . . . . prepared for it that bears the job number and which is used to collect all cost data relating to job.
Correct Answer

(B) Job Cost Card

[#167] What is the capital structure referred to as when equity shareholder's funds exceed the total of debentures and preference share capital?
Correct Answer

(B) Low geared

[#168] Match the items in List-I with the items in List-II . List-I List-II a. Debt equity ratio 1. $$frac{{{ ext{Net Profit before Interest and Tax}}}}{{{ ext{Interest on Long-term Loan}}}}$$ b. Proprietary ratio 2. $$frac{{{ ext{Equity Share Capital}} + { ext{ Reserve}}}}{{{ ext{Preference Share Capital }} + { ext{ Interest Bearing Finance}}}}$$ c. Interest coverage ratio 3. $$frac{{{ ext{Long-term Debts}}}}{{{ ext{Shareholder's Funds}}}}$$ d. Capital gearing ratio 4. $$frac{{{ ext{Shareholder's Funds}}}}{{{ ext{Total Assets}}}}$$
Correct Answer

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

[#169] Increases in the efficiency of workers-
Correct Answer

(B) Efficiency wage system

[#170] Approaches used to allocate joint costs include
Correct Answer

(D) all of above

Explanation

Solution: Approaches used to allocate joint costs include sales value at split off method, net realizable value method and constant gross margin percentage NRV method.