Costing MCQs

Commerce Objective Questions

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484. Administration expenses are mostly . . . . . . . .

A. semi-variable

D. None of these

485. . . . . . . . . is the excess of overheads absorbed over the actual amount of overheads incurred.

A. Over absorption of overheads

B. Under absorption of overheads

C. Overheads absorption

D. None of these

486. Calendar Ratio =

A. $$\frac{{{\text{Number of actual working days in a period}}}}{{{\text{Number of working days in the budget period}}}} \times 100$$

B. $$\frac{{{\text{Actual hours worked}}}}{{{\text{Budgeted hours}}}} \times 100$$

C. $$\frac{{{\text{Standard hours for actual production}}}}{{{\text{Actual hours worked}}}} \times 100$$

D. $$\frac{{{\text{Standard hours for actual production}}}}{{{\text{Budgeted standard hours}}}} \times 100$$

487. Differential piece wages means _______.

A. different wages for different level of performance

B. different wages for different time consumed

C. different wages for different level of output

D. different wages for different types of industries

488. If all conditions or assumptions of regression analysis simple regression can give

A. dependent estimation

B. independent estimation

C. reliable estimates

D. unreliable estimates

489. "During September, 300 labour hours were worked for a total cost of Rs. 4800 The variable overhead expenditure variance was Rs. 600 (A) Overheads are assumed to be related to direct labour hours of active working.
What was the standard cost per labour hour?"

490. Process costing is also known as . . . . . . . . costing.

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