7/18/2021 Assignment - 2: Attempt review

Started on Sunday, 18 July 2021, 1:09 PM

State Finished
Completed on Sunday, 18 July 2021, 1:34 PM
Time taken 25 mins 1 sec
Grade 11.50 out of 15.00 (77%)

Question 1
Complete

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When should a segment be dropped?

Select one:
a. Only When The Decrease In Total Contribution Margin Is Less Than The Decrease In Variable Cost
b. Only When The Decrease In Total Contribution Margin Is More Than The Decrease In Variable Cost
c. Only When The Decrease In Total Contribution Margin Is Equal To Fixed Cost
d. Only When The Decrease In Total Contribution Margin Is Less Than The Decrease In Fixed Cost

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Question 2
Complete
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Costs that do not change when the activity base fluctuates are known as?

Select one:
a. Variable Cost
b. Incremental Cost
c. Fixed Costs
d. Sunk Cost

Question 3
Complete
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When sales are Rs.30000 and P/V ratio is 20% then contribution will be--------

Select one:
a. 2000 
b. 8000
c. 6000
d. 4000

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Question 4
Complete
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Output and sales 50,000 units with sale price of Rs. 15/unit. Material & Labour cost per unit Rs.7 & Variable Rs. 3/unit. Fixed Rs. 70,000 &
Other fixed overheads Rs. 90,000. Calculate Net income under Marginal costing?

Select one:
a. Rs. 99,000
b. Rs. 1,10,000
c. Rs. 90,000
d. Rs. 2,50,000

Question 5
Complete
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Warehouse expense is a part of which cost/ overhead?

Select one: 
a. Distribution Overhead
b. Production Overhead
c. Prime Cost
d. Factory Overhead

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Question 6
Complete
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Which of the following is not a material pricing method?

Select one:
a. Lifo
b. Fifo
c. Weighted Average
d. Ved Analysis

Question 7
Complete
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Joint Implementation Programme as per Kyoto Protocol is applicable to _______

Select one:
a. Developing Countries 
b. Developed Countries
c. Developing Countries With High Emission
d. Between Developed And Developing Countries

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Question 8
Complete
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If actual units produced are lower than the budgeted level of production which of the following types of cost would you expect to be lower
than the budget?

Select one:
a. Total Fixed Costs
b. Total Variable Costs
c. Variable Costs Per Unit
d. None Of Above

Question 9
Complete
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The type of cost which changes with the change in alternative course of decision/actions whereas irrelevant cost remains constant across all
the alternative course of decision/ actions

Select one:
a. None Of These
b. Constant
c. Irrelevant
d. Relevant

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Question 10
Complete
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Cost of any finished product can be calculated on the basis of

Select one:
a. Salary Paid To The Employees
b. All The Above
c. Cost Of Material
d. Tax Paid On The Final Product

Question 11
Complete
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___________ method of HRA recognizes an individual’s expected economic value to the enterprise during his remaining service period.

Select one:
a. The Historical Cost Approach 
b. Present Value Of Future Earnings Method
c. The Opportunity Cost Approach
d. The Replacement Cost Approach

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Question 12
Complete
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The scare factors are also known as

Select one:
a. Key Factor
b. Linking Factor
c. None Of The Above
d. Abnormal Factor

Question 13
Complete
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_______ is prepared for single level of activity and single set of business conditions.

Select one:
a. Fixed Budget 
b. None Of The Above
c. Flexible Budget
d. Both A And B

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Question 14
Complete
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The technique of marginal costing is based on classification of cost into ------

Select one:
a. Variable And Semi-Variable Cost
b. Period And Product Cost
c. Fixed And Variable Cost
d. None Of These

Question 15
Complete
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The process of budgeting helps in the control of

Select one:
a. All Of The Above 
b. Capital Expenditure
c. Cost Of Production
d. Liquidity

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Question 16
Complete
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The expected overhead cost for Neel Construction ltd of a particular part cost pool was R.s.5,60,000 and the expected activity was 5,000
parts. The actual overhead cost for the cost pool was Rs.480,000 at an actual activity of 6,000 parts. The activity rate for that cost pool was:

Select one:
a. Rs93.33 Each Part
b. Rs96 Each Part
c. Rs112 Each Part
d. Rs80 Each Part

Question 17
Complete
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While preparing sales budget, which of the following factors are considered?

Select one: 
a. Environmental Factors
b. Non-Operational Factors
c. None Of The Above
d. Both Option 1 & 2

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Question 18
Complete
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Shut down cost is:

Select one:
a. Unavoidable Fixed Cost
b. Avoidable Variable Cost
c. Unavoidable Variable Cost.
d. Avoidable Fixed Cost

Question 19
Complete
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The cost that has been incurred in the past _____

Select one:
a. Direct 
b. Indirect
c. None Of These
d. Sunk

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Question 20
Complete
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Workers who leave the organization during a specific time period are taken into consideration for calculating the labour turnover rate
by____________

Select one:
a. None Of These
b. Replacement Method
c. Flux Method
d. Separation Method

Question 21
Complete
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Which of the following is a limitation of activity-based costing?

Select one: 
a. To Estimate All Overhead Costs, Not Just Factory Overheads.
b. To Estimate A More Precise Cost Per Unit.
c. The Benefits Obtained From Abc Might Not Justify The Costs.
d. To Estimate Costs In Service Costing As In Product Costing.

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Question 22
Complete
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Cost which can be identified with goods produced or purchased for resale is named as

Select one:
a. Expired Cost
b. Unexpired Cost
c. Product Cost
d. Period Cost

Question 23
Complete
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________ is stated as a budget which is made to change as per the levels of activity attained.

Select one:
a. Flexible Budget 
b. Both A And B
c. None Of The Above
d. Fixed Budget

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Question 24
Complete
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The cost which refers to the value of what you have to give up in order to choose something elseis called as?

Select one:
a. Sunk Costs
b. Opportunity Costs
c. Avoidable Costs
d. Differential Costs

Question 25
Complete
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The Countries which have signed Kyoto Protocol are called_____

Select one:
a. Developed Countries 
b. Green Countries
c. Annexured Countries
d. Non Annexured Countries

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Question 26
Complete
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Overhead allocation by using ABC mostly leads to__

Select one:
a. Changes Overhead Costs From Low-Volume Products To High-Volume Products
b. Needs A Predetermined Overhead Rate
c. Changes Overhead Costs From High-Volume Products To Low-Volume Products
d. Provides The Results Same As Traditional Costing

Question 27
Complete
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R&D budget and Capital expenditure budget are examples of

Select one:
a. Short-Term Budget 
b. Current Budget
c. None Of The Above
d. Long-Term Budget

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Question 28
Complete
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_________ cost is the amount of benefits foregone from the second-best alternative decision/action.

Select one:
a. Opportunity
b. Direct
c. Indirect
d. Sunk

Question 29
Complete
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ABC helps managers make improved _________

Select one:
a. Pricing Decisions 
b. Inventory Estimations
c. Profitability Decisions
d. All Of The Above

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Question 30
Complete
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A type of costing system in which only variable costs are recognised as product costs is called as

Select one:
a. None Of These
b. Variable
c. Fixed
d. Invariable

 

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