Question

1. (A) Select the most appropriate option and rewrite the fu!! sentar.ce. (Any 10) 10
1. Which of the following does not use process costing?
a. Oil refining
b. Distilleries
c. Sugar d. Air-craft manufacturing
a
2. By products and main products are differentiated by
number of units per processing period
b. weight or volume of outputs per period
the amount of sales value per unit
d. none of the above
с
3. If the input is 8,400 units, Normal loss 15% and output 7,500 units then abnormal gain is
- units
a 700
b. 300
c.360 d. 400
4. PN ratio equal to
(a) Contribution / sales
(b) profit / sale
(c) Profit / volume
(d) none of above
5. The contribution to sales ratio of a company is 20% and profit is Rs 54,500. If total sales
of company are Rs 7.80.000 the fixed cost is
(a) 1,56,000
(b) 91,500
(C) 1,05,600
(d) 1,21,500
6. The objective of standard costing is to
(a) control cost
(b) Determine profitability
(c) Determine break even production level (d) none of above
7. Standard cost card contains quantities and cost for
(a) Direct material only (b) Direct material and labour Ontly
(C) Direct labour only
(d) Direct material, diręot labour and overheads
8
The degree of completion of work is determined by comparing the work certified with​

Answer 1

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