Management Accounting - Study Mode
[#236] While computation of profit in marginal costing
Correct Answer
(C) total marginal cost is deducted from total sales revenues
[#237] Which of these is not an objective of Cost accounting?
Correct Answer
(A) Assisting shareholders in decision-making
[#238] Prime cost plus factory overhead cost is
Correct Answer
(B) production cost
[#239] Calculate the prime cost from the following information Direct material purchased Rs. 1,00,000 Direct material consumed Rs. 90,000 Direct labour Rs. 60,000 Direct expenses Rs. 20,000 Manufacturing overheads Rs. 30,000
Correct Answer
(C) Rs. 1,70,000
[#240] Element(s) of cost of a product are
Correct Answer
(D) Material, labour and expenses