Costing - Study Mode

[#336] If difference in costs is $32000 and slope coefficient is 0.40, then difference in machine hours would be
Correct Answer

(A) $80,000

Explanation

Solution: Difference in machine hours = Difference in costs ÷ Slope coefficient = $32000 ÷ 0.40 = $80,000

[#337] In plotting of cost functions, level of activities according to which charged cost is represented on
Correct Answer

(A) x-axis

Explanation

Solution: In plotting of cost functions, level of activities according to which charged cost is represented on x-axis.

[#338] The quantity of material to be ordered at one time is known as . . . . . . . . .
Correct Answer

(A) ordering quantity

[#339] The Gantt bonus scheme is a composite form of-
Correct Answer

(C) Halsey and Taylor scheme

[#340] The test of objectivity and verifiability is satisfied by valuing inventory at:
Correct Answer

(C) Net realisable value