Costing - Study Mode
[#476] Match the following. List-I (Variances) List-II (Causes) a. Overhead efficiency variance 1. Power failure b. Overhead volume variance 2. Appointing low grade employees c. Labour idle time variance 3. Poor working condition d. Labour efficiency variance 4. Working days being more or less than budgeted
Correct Answer
(B) a-3, b-4, c-1, d-2
[#477] . . . . . . . . is the assessment of the relative worth of jobs within a company whereas . . . . . . . . is the assessment of the relative worth of man behind the job.
Correct Answer
(A) Job evaluation, merit rating
[#478] What is Economic Order Quantity?
Correct Answer
(D) Optimum order size
[#479] An estimated price, which is expected to be paid by customers for particular market offering is classified as
Correct Answer
(A) target price
[#480] Cost which are recorded in the books after expenditure is incurred but before profit is realized
Correct Answer
(C) Unfinished cost