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Cost Accounting
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Cost Accounting
By using table method where—————- is equal, that point is called Economic order quantity.
Ordering cost
Carrying cost
Ordering and carrying cost
Per unit order cost
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Cost Accounting
Cost of goods sold Rs. 30, 000, opening Inventory Rs. 9, 000, Closing inventory Rs. 7,800.What was the inventory turnover ratio?
3.57 times
3.67 times
3.85 times
5.36 times
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Cost Accounting
Overtime that is necessary in order to fulfill customer orders is called:
Avoidable overtime
Unavoidable overtime
Premium Overtime
Flex time
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Cost Accounting
A company has calculated that volume variance for a given month was unfavorable. This could have been caused by which of the following factors?
The number of rejected units was higher than normal
Machine breakdowns were higher than normal
Delays were experienced in the issuing of material to production
All of the given options
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Cost Accounting
Which of the following is considered as basic systems of remunerating labor?
Time rate system
Piece rate system
Halsey Premium plan
Both time rate and piece rate system
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Cost Accounting
The cost of goods sold was Rs. 240,000. Beginning and ending inventory balances were Rs. 20,000 and Rs. 30,000, respectively. What was the inventory turnover?
8.0 times
12.0 times
7.0 times
9.6 times
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rikazzz
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Cost Accounting
High labor turnover is NOT desirable because:
It denotes the instability of the labor force
It is an indication of high labor cost
It shows frequent changes in the labor force
All of the given options
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rikazzz
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Cost Accounting
Inventory turnover ratio can be calculated as follow?
Cost of goods sold/Average inventory
Gross profit/Average inventory
Cost of goods sold/sale
Cost of goods sold/Gross profit
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rikazzz
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Cost Accounting
Which of the following is sales force payroll incentive?
Commission
Shift allowance
Over time payment
Bonus
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rikazzz
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Cost Accounting
The main purpose of cost accounting is to
Maximize profits
Help in inventory valuation
Provide information to management for decision making
Aid in the fixation of selling price
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