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Costing MCQs

Commerce Objective Questions



204. Which of the following accounts is similar to the inventory account of a merchandising company?
Discussion

205. If sales revenue at 60% capacity is Rs. 4,50,000, sales revenue at 70% capacity on a fall in selling price by 5% would be?
Discussion

206. The cost formula acceptable under AS-2 for inventory valuation is
Discussion

207. Under which method of inventory valuation at the time of value increasing/appreciation, current assets will be valued at lower value
Discussion

208. An amount of spoilage that is natural in any particular production process is classified as
Discussion

209. Total indirect cost in pool by an actual quantity of cost allocation base is used to calculate
Discussion

210. If the normal cost of normal production of 80 units is Rs. 400, then the value of abnormal wastage of 5 units will be
Discussion

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