Correct Answer:- Option8

Question28:-In a contract of Indemnity and Guarantee, the liability of a surety is
‘ACoextensive with the principal debtor
B:-Secondary to the principal debtor
Primary with the principal debtor
Dell of these

Correct Answer:- Option-A

Question29:-The annual carrying cost of a material 'M' is Rs. 3.6 per unit and its total carrying cost is Rs. 9,000 per annum. What would be the Economic Order Quantity for material
'M’, if there is no safety stock of material M?

‘85000 units
B:-2500 units
+7500 units
10000 units

Correct Answer:- Option-A

‘Question30:-The number of employees at the beginning and end of the year 2021 was 380 and 420. During the year, 18 employees resigned, 6 were terminated and there were 16
replacements. Find the Labour tumover ratio under Flux Method.

۸056
പമ
೦.28%
5:26
Correct Answer Option-A
Question31:-The primary diference between a fixed budget and a variable (lexible) budget is that a fixed budget
Asincludes only fixed costs, while a variable budget includes only variables costs
പിട concemed with only future acquisition of fixed cost, while a variable budget is concemed with expenses which vary with sales

C-Cannot be changed after the period begins, while variable budget can be changed after the period begins

ಔ:-15 a plan of single level of sales (or other measures of activity), while a variable budget consists of several plans, one for each level of sales (or other measutes of activity)

Correct Answer: Option-D

Question32:-A process loss that does not affect the cost per unit is called
‘As Normal Loss
B:-Abnormal Loss

C:Standard Loss.

Seasonal Loss

Correct Answer:- Option-B

‘Question33:-A company engaged in the manufacturing of some products uses several materials to manufacture its products. If the company combines these materials in proportions
different from standard proportions prescribed for production, itis

A:Material Price Variance
B:-Material Usage Variance

C-Material Yield Variance

Material Mix Variance
Correct Answer:- Option-D

Question34:-The system of costing used by a firm engaged in the manufacturing of definite quantity of similar and identical products is
‘Output costing
8:-Contract costing

C=Batch costing

-Job costing
Correct Answer Option-C
Question35:-In which among the following sectors, service costing is not the appropriate method of costing 7
AsElectronies
Br-Electricity
C-Hospitals
D-Transport
Correct Answer Option-A
Question36:-The classification as Indirect Material, Indirect Labour and indirect Expenses are the result of
AsFunctionwise classification
B:-Industrywise classification
CxElementwise classification
D:Behaviounnise classification

Correct Answer:- Option-C