Costing - Study Mode
[#261] The material utilization rate is the most important factor in determining which of the following?
Correct Answer
(D) All of the above
[#262] From the following information, find out the number of units that must be sold by the firm to earn profit of Rs. 80,000 per year. Sales price: Rs. 25 per unit Variable manufacturing costs: Rs. 12 per unit Variable selling costs: Rs. 3 per unit Fixed factory overheads: Rs. 5,00,000 Fixed selling costs: Rs. 3,00,000
Correct Answer
(B) 88,000 units
[#263] Room/day is the cost unit used in . . . . . . . .
Correct Answer
(A) hotels
[#264] Which of the following is not correct with reference to standard costing?
Correct Answer
(C) Only adverse variances are investigated intensively
[#265] . . . . . . . . obviates the necessity for the physical checking of all items of stores at the end of the year and thereby avoids dislocation of production.
Correct Answer
(D) Perpetual Inventory System