Advance Cost Accounting M.Com Part 1 Click Here https://www.surajpateleducation.com/2021/05/mcom-part-1-mcq-mumbai-university-mcom.html 1. Which of the following is not a feature of process costing A equivalent production B classification of costs into fixed and variable C duration of work in long D emergence of more than product ANS: 2 2. [...]
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MARGINAL COSTING AND ABSORPTION COSTING Formula Contribution Sale Profit –Volume (P/V) Ratio Breakeven Point: Margin of safety: 1) Contribution Contribution= Sales-Variable cost Or Contribution= F+P Contribution= Sales X PV Ratio 2) Sale Sales = Variable Cost + Contribution Sales = Contribution [...]
ADVANCE COST ACCOUNTING 1. In case of steam company, the cost per unit is calculated on the basis of (a) Total quantity of lbs. produced (b) Total quantity of kwh. generated (c) Total quantity of tones produced. ANS. A 2. Materials Requisition Note (a) Authorizes and records [...]