Articles Tagged: cost

Question: PVC Company Has Ordering Quantity 10,000 Units. They Have Storage Capacity 20,000 Units, The  Average Inventory Would Be: a. 20,000 b. 5000 c. 10,000 d. 25,000

Question: The Danger Level Can Be Calculated As? a. Average consumption x Lead time to get urgent supplies b. Normal consumption x Lead time to get urgent supplies c. Maximum consumption x Lead time to get urgent supplies d. Minimum consumption x Lead time to get urgent supplies

Question: Factory Overhead Cost Includes? a. Factory Rent b. Property Tax c. Salaries of Factory Clerk d. All of the given

Question: When Foh Is Under Applied And Charged To Net Profit The Treatment Would Be? a. Under applied Add net profit b. Under applied Less net profit c. Under applied Less operating expense d. None of the given options

Question: The Journal Entry Of Purchase Of Stock Under Periodic Inventory System Would Be? a. Inventory to Cash b. Cash to Purchases c. Purchases to Inventory d. None of the given options

Question: Sales Are ` 4,50,000. Beginning Finished Goods Were ` 23,000. Ending Finished Goods Are ` 30,000. The Cost Of Goods Sold Is ` 3,00,000. What Is The Cost Of Goods Manufactured? a. 323,000 b. 330,000 c. 293,000 d. None of the given options

Question: While Transporting Petrol A Little Quantity Will Be Evaporated Such Kind Of Loss Is Termed As: a. Normal Loss b. Abnormal Loss c. It is incremental loss d. It cannot be abnormal loss  

Question: A Cost Centre Is? a. A unit of product or service in relation to which costs are ascertained b. An amount of expenditure attributable to an activity c. A production or service location, function, activity or item of equipment for which costs are accumulated d. A centre for which an individual budget is drawn up

Question: Under/Over Applied Foh Cost Can Be Adjusted In Which Of The Following? a. Entire Production b. Cost of Goods Sold c. Net Profit d. All of these

Question: All Indirect Cost Is Charged/Record In The Head Of? a. Prime cost b. FOH cost c. Direct labor cost d. None of the given options