Costing MCQs

Cost accounting records both monetary and . . . . . . . . units.

Price earning ratio is useful to whom?

Portion of labour costvariance which is due to the difference between predetermined working days and actual working days is

Which of the following items would be specifically included in the statement of cash flows constructed in compliance with AS-3?

Match the items of List-I with the items of List- II and select the correct answer. List-I List-II a. Golden parachutes 1. The right to purchase a stated number of shares of company stock at today's price in the future. b. Gain sharing 2. An incentive plan engaging employees in a common effort to achieve productivity objectives and share the gains. c. Stock-option 3. Payment companies make in connection with a change in ownership or control of a company. d. Annual bonus 4. Plans designed to motivate the short-term performance of managers, and are tied to company profitability.

The debt-equity ratio of a company is 2 : 1. In this relation, match the following. List-I List-II a. Issue of equity shares 1. No change on the ratio b. Cash received from debtors 2. Reduce the ratio c. Redemption of debentures 3. No change on the ratio d. Purchased goods on credit 4. Reduce the ratio

Match the following. List-I List-II a. Statement of changes in working capital 1. Cash flow statement b. Deferred tax 2. Fixed assets c. Three activities 3. Fund flow statement d. Impairment loss 4. Balance sheet

Material usage variance = standard price (. . . . . . . .)

Which of the following is correct in regard to the cost unit of a passenger transport 1. Per passenger 2. Per kilometre Select the correct answer