Costing - Study Mode
[#381] Cost that is not affected by changes in the volume of production
Correct Answer
(B) Fixed cost
[#382] Match the following. List-I List-II a. Cost accounting 1. . . . . . . . . is usually prepared every month. b. Funds flow statement 2. . . . . . . . . deals with the cost of production, selling and distribution. c. Cash flow statement 3. . . . . . . . . is an important technique financial analysis. d. Ratio analysis 4. . . . . . . . . depicts the profit or loss made during a specified period.
Correct Answer
(B) a-2, b-1, c-4, d-3
[#383] Economic Batch Quantity depends on . . . . . . . . and . . . . . . . . costs.
Correct Answer
(B) set-up costs, carrying
[#384] Accounting Standard-6 is meant for
Correct Answer
(C) Depreciation accounting
[#385] Assertion (A) Increasing the value of closing inventory increases profit. Reason (R) Increasing the value of closing inventory reduces cost of goods sold.
Correct Answer
(A) Both (A) and (R) are true