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Cost Accounting
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Cost Accounting
Taylor’s Differential Piece Rate Plan uses———–piece rates.
Three
Two
Four
Five
Author:
rikazzz
Comment
Cost Accounting
Buyer produced 20,000 units and their total factory cost was Rs. 450,000,other cost like property tax on factory building was Rs. 10,000 included in that cost till year ended the cost of per unit would be:
Rs.22.5
Rs.23.5
Rs.24.5
Rs.26.5
Author:
rikazzz
Comment
Cost Accounting
Loss by fire is an example of:
Normal Loss
Abnormal Loss
Incremental Loss
Cannot be determined
Author:
rikazzz
Comment
Cost Accounting
A blanket absorption rate is a single rate of absorption used throughout an organization’s production facility and based upon its total
production
costs
Activity
All of these
Author:
rikazzz
Comment
Cost Accounting
Gross pay less deductions represents all except:
Net pay
Take home pay
Total pay
Other income
Author:
rikazzz
Comment
Cost Accounting
An organistation sold units 4000 and have closing finished goods 3500 units and opening finished goods units were 1000.The quantity of unit produced would be:
7500 units
6500 units
4500 units
8500 units
Author:
rikazzz
Comment
Cost Accounting
Which of the following is an example of Statutory deductions:
Deduction as Income Tax
Deduction as social security
Subscriptions to a trade union
None of the given
Author:
rikazzz
Comment
Cost Accounting
Cost accounting concepts include all of the following EXCEPT:
Planning
Controlling
Sharing
Costing
Author:
rikazzz
Comment
Cost Accounting
When FOH is under applied and charged to Net profit , the treatment would be:
Under applied Add net profit
Under applied Less net profit
Under applied Less operating expense
None of the given options
Author:
rikazzz
Comment
Cost Accounting
FOH applied rate of Rs. 5.60 per machine hour. During the year the FOH to Rs.275,000 and 48,000 machine hours were used. Which one of following statement is correct?
Overhead was under-applied by Rs.6,200
Overhead was over-applied by Rs.6,200
Overhead was under-applied by Rs.7,200
Overhead was over-applied by Rs.7,200
Author:
rikazzz
Comment
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