Costing MCQs

. . . . . . . . is not the scope of Cost Accountancy.

Consider the data below and answer the questions based on it. Factory Expenses = Rs. 30000 Administrative Expenses = Rs. 20000 Labour Cost = Rs. 25000 Materials = Rs. 35000 Selling Expenses = Rs. 10000 Ascertain the prime cost with the help of the given cost data.

Which of the following would be included in a cash budget?

Which one of the following concepts is used as fund in the preparation of funds flow statement?

The labour rate of pay variance can be calculated by which of the following equations?

Operating costing is also known as . . . . . . . . costing.

. . . . . . . . is a technique of stock control which leads to saving of time of the management because attention is required to be paid only to some of the items rather than on all the items.

Match the items of List-I with the items of List-Il and indicate the correct answer. List-I List-II a. Debtors turnover ratio 1. Solvency ratio b. Proprietary ratio 2. Liquidity ratio c. Operating ratio 3. Activity ratio d. Acid test ratio 4. Profitability ratio

Match the following. List-I List-II a. Increase in fund 1. Application of funds b. Goods purchased on credit 2. Drain in working capital c. Commission outstanding 3. Sources of funds d. Net loss 4. No flow of funds