1. ……….set of account books are maintained under Non – Integrated system. a. One b. Two c. Three d. Four ANS: B 2. Idle time variance is always ………. a. Favourable b. Controllable c. Profitable d. Unfavourable ANS: A 3. Wages control A/c is debited by………. a. Direct wages only b. Indirect … Read more
Youtuber : Suraj Patel Education ADVANCED COST ACCOUNTING M.COM [PART 1] Hello Friends… Aaj ke article me aap logo ko M.com Part 1 ADVANCED COST ACCOUNTING related MCQ provide karne wala hu yeah MCQs kafi jyada important hai M.COM ke Student ke liye. Friends is article me 25 MCQ honge agar aapko aur bhi artical chahie ho is topic ke related … Read more
Illustration 1 1) From the following data, calculate Break-even Point ( B∈P) Selling Price Per Unit `40/- Variable Cost Per Unit `30/- Fixed overheads `40,000. If sales are 20% above B∈P , calculate the net profit. ANS: 1) P/V Ratio = Contribution X 100 … Read more
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 PV Ratio … Read more
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 the issue of materials for … Read more