1. ………………..is maintained to know how the worker’s time shown by the time card is spent on various jobs. (A) Daily time sheets (B) weekly time s…
Read moreMCQs on Cost Accounting -14
1. ……………costs are partly fixed and partly variable in relation to output. (A) Variable (B) fixed (C) Semi-variable (D) both a & b …
Read moreMCQs on Cost Accounting -13
1. Volume Variance = (A) Standard rate (Actual output-budgeted output) (B) Actual output x standard rate-budgeted fixed overheads (C) Standar…
Read moreMCQs on Cost Accounting -12
1. Efficiency Ratio= (A) Number of actual working days in a period x 100 Number of working days in the budget period (B) Actual hours…
Read moreMCQs on Cost Accounting -11
1. The budget relating to ………….must be prepared first and the other budgets should be prepared in the light of that factor. (A) Limiting factor …
Read moreMCQs on Cost Accounting -10
1. Fixed cost …………………… in the same proportion in which output changes. (A) does not change (B) changes (C) increases (D) none of these. …
Read more