(Semester 1) a3 Objective Questions 108. The marginal cost increase as the (a) Turnover decrease (b) Fixed cost increases (©) Selling price decreases (d) Production increases 109. Stock Exchanges in India protects the investors interest in (a) Private limited companies (b) Partnership firms expenses is (©) Usted companies (4) Co-operative banks 110. A low inventory turnover ratio indicates (2) Underinvestment in stock (b) Existance of monopoly (0) Overinvestment in inventory (d) Strong financial position 211. Marginal cost includes prime cést plus all (@) Fixed overheads (b) Variable overheads (c) Semi-variable overheads (d) Establishment overheads ‘112.. Variance is the difference between the standard cost and the (@) Variable cost (b) Budgeted cost (© Fixed cost (d) Actual cost +113. Idle time variance will always be. @ Adverse (b) Favourable (©) Semi-favourable (@) Positive material cost for 800 units will be (a) % 21,000 (b) % 26,000 (@) % 24,000 (a) 29,000 745. Standard labour rate per hour & 8.50, Actual labour rate per hour Z 10.50, Abnormal idle time 40 hours. Idle time variance will be (@) 3420 Adverse (b) € 340 Adverse (© % 260 Adverse (@) % 300 Adverse H36. Flexible budgeting is more suitable for (@) Chemical industries (b) Automobile industries identified (0) Non-seasonal industries (@) Seasonal industries The primary objective of budgetary control is {@) Cost control (b) Cost classification (©) Cost presentation (d) Cost determination