Costing MCQs

Arrange the following categories of cash inflows and cash outflows in a correct order. 1. Cash flows from investing activities. 2. Cash flows from financing activities. 3. Cash flows from operating activities.

Why is cash budget prepared?

Sales budget is a:

The limitations of . . . . . . . . has led to the development of standard costing system.

Profits can be increased by 1. decreasing the selling price per unit. 2. increasing the selling price per unit. 3. decreasing the volume of sales. 4. increasing the volume of sales. 5. decreasing the fixed or variable expenses. 6. increasing the fixed or variable expenses. 7. giving more weightage for products having higher P/V ratio. 8. giving less weightage for products having higher P/V ratio. Select the correct answer

If the contract is 50% complete, which of the following amount of profit is normally credited?

In transportation costing a composite unit such as . . . . . . . . is used.

Study the following transactions I. Raising of short-term loans II. Goods purchased for cash III. Payment of bonus in the form of shares IV. Issue of shares in lieu of raw materials The flow of funds is

Which of the following is not a cash outflow?