A Best Way To Crack Gorenment Job Exams

Costing MCQs

Commerce Objective Questions

Home / Commerce / Costing



253. Which of the following is usually NOT a right enjoyed by a Principal in the contract of Agency?
A. Right to revoke the agency
B. Right to charge abnormal fee for the agency
C. Right to repudiate the agency
D. Right to recover the secret profits from the agent
Discussion
254. Match the following.
List-I List-II
a. Marginal cost 1. . . . . . . . . = Contribution ÷ Sales
b. P/V ratio 2. Contribution = Selling price - . . . . . . . .
c. Profit 3. . . . . . . . . = Sales (1 - P/V ratio)
d. Variable costs 4. Margin of safety = . . . . . . . . ÷ P/V ratio
A. a-4, b-3, c-2, d-1
B. a-3, b-1, c-4, d-2
C. a-2, b-1, c-4, d-3
D. a-2, b-3, c-4, d-1
Discussion
255. If the total cost is Rs. 260 and the total variable cost is Rs. 60, what will be total fixed cost if output is (i) 100 units and (ii) 200 units?
A. Rs. 200 and Rs. 200
B. Rs. 100 and Rs. 200
C. Rs. 260 and Rs. 100
D. Rs. 160 and Rs. 100
Discussion
256. If flexible budget amount is $62000 and an actual result is $35000, then flexible budget amount would be
A. $27,000
B. $37,000
C. $97,000
D. $87,000
Discussion
257. Which of the following is an abnormal cause of Idle time:
A. Time taken by workers to travel the distance between the main gate of factory and place of their work
B. Time lost between the finish of one job and starting of next job
C. Time spent to meet their personal needs like taking lunch, tea etc
D. Machine break downs
Discussion
258. Residual term is also considered as
A. error term
B. disturbance term
C. relevant term
D. both a and b
Discussion
259. Describe the method of costing to be applied in case of Nursing Home:
A. Operating Costing
B. Process Costing
C. Contract Costing
D. Job Costing
Discussion

Page 37 of 187

« 35 36  37  3839 »