Costing MCQs

Which of the following technique of inventory control is specially designed to have better control on investment and cost:

The contract cost is used in-

Indicate the correct option as regards the sources of funds for a funds flow statement from the following 1. Increase in working capital. 2. Decrease in working capital. 3. Writing-off the intangible/fictitious assets. 4. Issuing equity shares for acquisition of a building for office. 5. Charging depreciation on fixed assets. Select the correct answer

Re-ordering level = Maximum consumption × . . . . . . . .

Which of the following is not a feature of budgetary control?

In increasing production volume situation, the behaviour of fixed cost will be . . . . . . . . and variable cost will . . . . . . . .

Match the following. List-I List-II a. Absorption costing 1. . . . . . . . . is a logical extension of marginal costing. b. Fixed expenses 2. . . . . . . . . is a valuable adjust to standard costing and budgetary costing. c. Marginal costing 3. Contribution = . . . . . . . . + Profit. d. Break-even analysis 4. . . . . . . . . is not very helpful in taking managerial decisions.

. . . . . . . . is the consolidated summary of the various functional budgets.

When factory overhead control account has an ending debit balance, factory overhead was . . . . . . . .