Correct Answer:- Option-B

Question37:- represents an increase in the total cost due to changes in the
quality of products

A:-Marginal cost

B:-Direct cost
C:-Incremental cost
D:-Differential cost
Correct Answer:- Option-C

Question38:-Which of the following statements are correct about variance analysis?
(1) If the actual result is better than the standard result, variance is unfavourable
(11) If the actual result is lower than the standard result, the variance is adverse
(111) Favourable and unfavourable variances are also called credit variances and
debit variances

A:-Only (i) and (ii)

B:-Only (ii) and (iii)

C:-Only (i) and (iii)

D:-All the above (i), (ii) and (iii)
Correct Answer:- Option-B

Question39:-Section of the organization of an undertaking defined for the purpose
of budgetary control

A:-Budget centre
B:-Budget Committee
C:-Budget Manual
D:-Budget Period

Correct Answer:- Option-A

Question40:-Which of the following statements are correct about Job Analysis?

(1) Merrick's Differential Piece rate System Suggests three-piece rates

(11) Time Study and Motion study are the important features of Taylor's Differential
Piece Rate System

(iii) Under the Bedaux Point Premium System, the time allowed for a job is
expressed in terms of points

A:-Only (i) and (ii)

B:-Only (ii) and (iii)

C:-Only (i) and (iii)

D:-All the Above (i), (ii) and (iii)

Correct Answer:- Option-D
Question41:-PARETO Analysis is also known as

A:-FNSD Analysis

B:-VED Analysis