COSTING AND FM BY SEKHAR

Question-16: A budget report is prepared on the principle of exception and thus-

Question-15: Which of the following is not a normal reason of material shortage:

Question-14: Which of the following is the least suited pair of industry and cost unit

Question-13: Fixed costs, which cannot be avoided during the temporary closure of a plant, will be known as:

Question-12: Responsibility Centre can be categorised into:

Question-11: Classification of a cost element as direct, indirect, fixed or variable, all depends on

Question - 10 : Which of the following is Not added with cost of material:

Question - 9: At which of the following level fresh order should be placed for replenishment of stock:

Question - 8 : While setting the quantity to be re-ordered, consideration is given to:

Question - 7 : Which of the following not true about “Bin card”:

Question - 6 :This system of inventory classification, classify inventory on the basis of its criticality for the production function and final product.

Question - 5 : Which of the following statement is true:

Question - 4 :This system of inventory classification, classify inventory according to their relative importance, namely, their value and frequency of replenishment during a period.