Costing MCQs

If the present cost of the car is Rs. 1,00,000 residual value at the end of the 5th year is Rs. 20,000, the monthly depreciation is . . . . . . . .

. . . . . . . . budget is the most important budget and it forms the basis on which all the other budgets are built up.

Salary paid to general manager is an item of . . . . . . . . expenses.

Budgeting system . . . . . . . . key managerial functions.

Taylors differential piece rate system provides for higher rate to . . . . . . . . workers.

If beginning work-in-process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and ending work-in-process equivalent units are 5000 units, then complete equivalent units 8 in current period are

Which of the following statements are true about ratio analys is? 1. Ratio analysis is useful in financial analysis. 2. Ratio analysis is helpful in communication and coordination. 3. Ratio analysis is not helpful in identifying weak spots of the business. 4. Ratio analysis is helpful in financial planning and forecasting.

Specific price method of valuing material issue is used when . . . . . . . .

Stock verification sheets are maintained to record the results of . . . . . . . .