M Mr. Dubey 🎓 Coach ⭐ 104.48K Points 📊 Costing Q. Halsey premium plan is ____________ (A) individual incentive scheme (B) group incentive scheme (C) differential piece wage system (D) time and piece wage system 👁️ Show Answer 💬 Discuss 🔗 Share ⚡Menu ✅ Correct Answer: (A) individual incentive scheme
M Mr. Dubey 🎓 Coach ⭐ 104.48K Points 📊 Costing Q. Material requisition is meant for _____________ (A) purchase of material (B) sales of material (C) storage of material (D) supply of materials from stores 👁️ Show Answer 💬 Discuss 🔗 Share ⚡Menu ✅ Correct Answer: (D) supply of materials from stores
M Mr. Dubey 🎓 Coach ⭐ 104.48K Points 📊 Costing Q. The three major elements of product costs are all except____________ (A) factory overhead (B) indirect labour (C) direct material (D) direct labour 👁️ Show Answer 💬 Discuss 🔗 Share ⚡Menu ✅ Correct Answer: (B) indirect labour
M Mr. Dubey 🎓 Coach ⭐ 104.48K Points 📊 Costing Q. The basic rule of preparing the reconciliation statement is _______________ (A) do as all has done (B) do as i have done (C) do as the other has done (D) do as you had done 👁️ Show Answer 💬 Discuss 🔗 Share ⚡Menu ✅ Correct Answer: (C) do as the other has done
M Mr. Dubey 🎓 Coach ⭐ 104.48K Points 📊 Costing Q. The variables production overheads shall be absorbed in production cost based on ______________ capacity (A) normal (B) current (C) super normal (D) actual 👁️ Show Answer 💬 Discuss 🔗 Share ⚡Menu ✅ Correct Answer: (D) actual
M Mr. Dubey 🎓 Coach ⭐ 104.48K Points 📊 Costing Q. If an item of overhead expenditure is charges specifically to a single department this would be an example of ____________ (A) absorption (B) apportionment (C) reapportionment (D) allocation 👁️ Show Answer 💬 Discuss 🔗 Share ⚡Menu ✅ Correct Answer: (D) allocation
M Mr. Dubey 🎓 Coach ⭐ 104.48K Points 📊 Costing Q. An employee is eligible for getting overtime wage if he/ she works for more than ____________ (A) 6 hours a day (B) 12 hours a day (C) 9 hours a day (D) 8 hours a day 👁️ Show Answer 💬 Discuss 🔗 Share ⚡Menu ✅ Correct Answer: (C) 9 hours a day
M Mr. Dubey 🎓 Coach ⭐ 104.48K Points 📊 Costing Q. Material controls involves control over _____________ (A) issue of material (B) consumption of material (C) purchase, storage and issue of materials (D) purchase of material 👁️ Show Answer 💬 Discuss 🔗 Share ⚡Menu ✅ Correct Answer: (C) purchase, storage and issue of materials
M Mr. Dubey 🎓 Coach ⭐ 104.48K Points 📊 Costing Q. A cost unit is _____________ (A) a major of work output in a standard hour (B) the cost per unit of electricity consumed (C) a unit of product or service in relation to which costs are ascertained (D) the costs per hour of operating a machine 👁️ Show Answer 💬 Discuss 🔗 Share ⚡Menu ✅ Correct Answer: (C) a unit of product or service in relation to which costs are ascertained
M Mr. Dubey 🎓 Coach ⭐ 104.48K Points 📊 Costing Q. Notional interest charged to owner for drawings income credited only in _____________ (A) debtors accounts (B) cost accounts (C) final accounts (D) profit and loss accounts 👁️ Show Answer 💬 Discuss 🔗 Share ⚡Menu ✅ Correct Answer: (B) cost accounts