B:-ABC analysis
C:-FSND analysis
D:-Just in time inventory system
Correct Answer:- Option-A
Question58:-Special Economic Zone Act came into existence
A:-23 June 2005
B:-23 June 2007
C:-25 June 2003
D:-25 June 2007
Correct Answer:- Option-A
Question59:-Financial accounting is different from cost accounting in respect of
A:-collection of cost
-recording cost
C:-allocating cost
D:-controlling costing
Correct Answer:- Option-D
Question60:-Prime cost + variable OH
A:-factory cost
-marginal cost
C:-cost of production
D:-cost of sales
Correct Answer:- Option-B
Question61:-When profit is 20% on sales, it will be ----- of cost price
A:-80%
-25%
C:-75%
D:-60%
Correct Answer:- Option-B
Question62:-For reducing the labour cost per unit which of the following factors is the most important
A:-Low wage rates
igher input-output ratio
C:-strict control & supervision
D:-longer hours of work
Correct Answer:- Option-B
Question63:-In transport costing, an example of fixed cost is
-license fees
B:-tyres and tubes
C:-wages of driver
D:-repairs and painting
Correct Answer:- Option-A
Question64:-Which is not considering while preparing final accounts
A:-loss on sale of capital assets
B:-fines and penalities
C:-notional rent
D:-damages payable by law
Correct Answer:- Option-C

Question65:-If the rate of gross profit is 25% on cost of goods sold and the sales are Rs.100000, the amount of gross profit
will be

A:-Rs.25000

B:-Rs.20000

C:-16667

D:-26667

Correct Answer:- Option-C
Question66:-Which of the following is not a group bonus plan

A:-priestman Plan

B:-Towne Plan

C:-Rucker Plan

D:-Bedaux Plan

Correct Answer:- Option-D