Question 1

When the completion stage of the contract is more than half, the profit to be credited to Profit and Loss account will be equal to…………..

Accepted Answer

A) 1/3rd of notional profit x cash received work certified 
B) ½ of notional profit x cash received work certified 
C) 2/3rd of notional profit x cash received work certified 
D) full notional profit. 
A) 1/3rd of notional profit x cash received work certified 
B) ½ of notional profit x cash received work certified 
C) 2/3rd of notional profit x cash received work certified 
D) full notional profit.

Question 2

Credit and collection cost is an item of

Accepted Answer

A) selling overhead 
B) office overhead 
C) prime cost 
D) administrative overhead 
A) selling overhead 
B) office overhead 
C) prime cost 
D) administrative overhead

Question 3

Which of the following measures helps to increase the P/V Ratio ?

Accepted Answer

A) increasing the selling price per unit 
B) reducing the variable or marginal cost 
C) changing the sales mixture 
D) all of these 
A) increasing the selling price per unit 
B) reducing the variable or marginal cost 
C) changing the sales mixture 
D) all of these

Question 4

Fancy packing is an example of .................. expenses.

Accepted Answer

A) selling 
B) distribution 
C) administration 
D) factory 
A) selling 
B) distribution 
C) administration 
D) factory

Question 5

Maintenance charges are in the nature of..............................expenses.

Accepted Answer

A) fixed 
B) variable 
C) semi-variable 
D) none of these 
A) fixed 
B) variable 
C) semi-variable 
D) none of these

When the completion stage of the contract is more than half, the profit to be credited to Profit and Loss account will be equal to…………..

Credit and collection cost is an item of

Which of the following measures helps to increase the P/V Ratio ?

Fancy packing is an example of .................. expenses.

Maintenance charges are in the nature of..............................expenses.

Exploring the World of Cost Accounting

Inventory Management and Costing Techniques

Wage Systems, Cost Apportionment, and Expenses in Cost Accounting

Costing and Process Costing

Budgeting and Loss Calculation in Cost Accounting

Filters

Exam 4: Costing and Expense Analysis

When the completion stage of the contract is more than half, the profit to be credited to Profit and Loss account will be equal to…………..

Credit and collection cost is an item of

Which of the following measures helps to increase the P/V Ratio ?

Fancy packing is an example of .................. expenses.

Maintenance charges are in the nature of..............................expenses.

Exploring the World of Cost Accounting

Inventory Management and Costing Techniques

Wage Systems, Cost Apportionment, and Expenses in Cost Accounting

Costing and Process Costing

Budgeting and Loss Calculation in Cost Accounting

Filters