D:-What proportion of net profit has been used for paying interest and tax 7
Correct Answer:- Option-C
Question39:-Determination of the amount of provision for doubtful debts in accounting is
A:-Policy
B:-Estimate
C:-Parameter
D:-None of the above
Correct Answer:- Option-B
Question40:-Change in method of depreciation is a change in
A:-Accounting Policy
B:-Accounting Method
C:-Measurement Discipline
D:-None of the above
Correct Answer:- Option-A
Question41:-_____ method is most suitable in times of decreasing the price of raw materials in the market.
A:-FIFO
B:-LIFO
C:-Base stock
D:-Average cost
Correct Answer:- Option-A
Question42:-Which among the following results in the over absorption of overheads 7
A:-Actual volume of output is less than the estimated lebvel of production
B:-Overhead actually incurred is more than the estimated overhead
C:-Standard overhead recovery rate fixed is more than the actual
D:-None of the above
Correct Answer:- Option-C
Question43:-Breakeven point will not be changed if
A:-PV ratio Is decreased
B:-Sales volume 6 decreased
C:-Selling price per unit is decreased
D:-Variable cost per unit is decreased
Correct Answer:- Option-B
Question44:-Margin of safety is increased when
A:-Variable cost per unit is increased
B:-Fixed cost is decreased
C:-Selling price per unit is decreased
D:-Sales volume is decreased
Correct Answer:- Option-B
Question45:-Calculate Fixed cost if PV ratio is 40% and Margin எ Safety is Rs. 30,000, which is 15% of sales
A:-Rs. 68,000
B:-Rs. 70,000
C:-Rs. 75,000
D:-Rs. 1,70,000
Correct Answer:- Option-A
Question46:-Which among the following is comrect 7
A:-Fixed Overhead Volume Variance = Capacity Variance + Calendar Variance + Efficiency Variance
80 Overhead Capacity Variance = Volume Variance + Calendar Variance + Efficiency Variance
C:-Fixed Overhead Cost Variance = Capacity Variance + Volume Variance + Efficiency Variance
D:-None of the above
Correct Answer:- Option-A
Question47:-Which among the following is not a costing technigue 7
A:-Process Costing
B:-Standard Costing
C:-Marginal Costing
D:-Budgetary Control
Correct Answer:- Option-A
Question48:-Which of the following is not treated as selling and distribution overhead in cost accounts 7
A:-Advertisement
B:-Cash discount