Costing - Study Mode
[#306] The origin of Kaizen costing in
Correct Answer
(B) Japan
[#307] Which of the following is not an example of financing activities with reference to cash flow statement?
Correct Answer
(D) Sale of fixed assets
[#308] The method in which issue prices of material is computed by dividing total purchase cost of material in stock with total quantity in stock ________.
Correct Answer
(B) weighted average method
Explanation
Solution: The method in which issue prices of material is computed by dividing total purchase cost of material in stock with total quantity in stock weighted average method. Under this method weighted average price is calculated by dividing the total cost of material purchased during the accounting period, in which the material to be priced is used by the total quantity of material purchased during that period.
[#309] Under which method the rate of wages are linked with the cost of living index?
Correct Answer
(D) Graduated time rate
Explanation
Solution: Under Graduated time rate method the rate of wages are linked with the cost of living index. Under this method the rates of wages are linked up with the cost of living index. Thus, the rate per hour or day fixed initially goes on changing with the changes in the cost of living index.
[#310] Under which plan efficiency is shared by employee and employer equally?
Correct Answer
(C) Halsey plan
Explanation
Solution: Under Halsey plan efficiency is shared by employee and employer equally.