Costing MCQs

Fixed cost per unit . . . . . . . . with rise in output and . . . . . . . . with fall in output.

Match the following. List-I List-II a. Prepaid expenses 1. Solvency ratio b. Sales ratio 2. Net profit margin × Investment turnover c. Return on investments 3. Turnover ratio d. 100-Proprietary ratio 4. Current asset

Telephone expense is . . . . . . . . expense.

If the total cost is Rs. 260 and the total variable cost is Rs. 60, what will be total fixed cost if output is (i) 100 units and (ii) 200 units?

The material utilization rate is the most important factor in determining which of the following?

From the following information, find out the number of units that must be sold by the firm to earn profit of Rs. 80,000 per year. Sales price: Rs. 25 per unit Variable manufacturing costs: Rs. 12 per unit Variable selling costs: Rs. 3 per unit Fixed factory overheads: Rs. 5,00,000 Fixed selling costs: Rs. 3,00,000

Determine the operating ratio if operating expenses is Rs. 60,000; sales is Rs. 9,40,000; sales return is Rs. 40,000; and cost of net goods sold is Rs. 6,60,000.

Room/day is the cost unit used in . . . . . . . .

Which of the following is not correct with reference to standard costing?