Costing MCQs

The principle types of inventories are raw materials and, . . . . . . . . and finished goods.

Bin card is also known as-

Consider the following. 1. Basic defensive and interval ratio 2. Current ratio 3. Super quick ratio 4. Quick ratio Arrange these ratios in sequence to reflect the liquidity in descending order.

An increase in fixed costs will result, in which of the following?

AFC is computed by:

Match the items of List-I with those of List-II and indicate the correct canswer: List-I List-II a. Postage stamp pricing 1. Equality of marginal and average cost b. Loss leader 2. Constant average and marginal cost c. Economic capacity 3. Product line pricing d. Reserve capacity 4. Differential pricing

Match the following. List-I List-II a. Excess of actual sales over the break-even sales volume 1. Contribution b. Sum of fixed cost and profit 2. Cost volume profit analysis c. Break-even chart 3. Unaffected by change in output d. Break-even point 4. Margin of safety

The amount at any given volume of output by which aggregate costs are changed if the volume of output is increased or decreased by one unit, can be otherwise termed as:

In the case of plant, the limiting factor may be: