Question
Tutor, can you please solve practical and mcq questions! ABC CONSTRUCTION LTD. endeavored a concurrence on January 1, 2019 to build up a construction for
Tutor, can you please solve practical and mcq questions!
ABC CONSTRUCTION LTD. endeavored a concurrence on January 1, 2019 to build up a construction for 70.4528 lakh. The Company found on March 31, 2020 that it had adequately consumed 52.3682 lakh on the turn of events. Sensible check of additional cost for perfection was 28.368 lakh. What will be the understanding worth to be seen as Turnover in the last records for the year completed March 31, 2020?
I. Costs are depicted among expeditious and mischievous expenses as shown by philosophy for game-plan by
(A) Nature or Element
(B) Functions
(C) Degree of conspicuousness to thing
(D) Change in Activity or Volume
II. Depreciation on building is an outline of
(A) Committed Costs
(B) Policy and Managed Costs
(C) Discretionary Costs
(D) Step Costs
III. When the volume of yield is expanded then the per unit fixed expense will be
(A) increase in the level of yield.
(B) decrease in the opposite level of yield
(C) changed yet not in level of yield.
(D) unchanged
IV. Which of the going with costing technique is reasonable for Toy Making Industry?
(A) Contract Costing
(B) Process Costing
(C) Job Costing
(D) Batch Costing
V. Which of coming up next isn't a methodology for costing?
(A) Managerial Costing
(B) Process Costing
(C) Standard Costing
(D) Budgetary Costing
VI. Excise responsibility is a blueprint of
(A) Chargeable cost
(B) Factory overhead
(C) Administrative overhead
(D) Non-cost thing
VII. Over which the going with costs, the board is doubtlessly going to have least control?
(A) Wages cost
(B) Building Insurance cost
(C) Machinery Breakdown cost
(D) Advertisement cost
VIII. The works cost despite affiliation costs addresses
(A) Total cost
(B) Cost of Production
(C) Cost of game plans
(D) Factory cost
IX. Opportunity expense is the best outline of
(A) Sunk cost
(B) Standard cost
(C) Relevant cost
(D) Irrelevant cost
X. Which system for costing is utilized for affirmation of expenses for printing industry?
(A) Process costing
(B) Operating costing
(C) Batch costing
(D) Job costing
XI. Prime expense despite mechanical office overheads is known as
(A) Marginal Costing
(B) Conversion Cost
(C) Commercial Cost
(D) Factory Cost
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started