C-Overhead adjustment account

D:-None of the above

Correct Answer: Option:
‘Question23::Which of the following statement is/are correct
(i). Cost indifferent point is the point at which cost line under two alternatives intersect each other
(il) 815 the point at which total cost line and total revenue line for a particular altemative intersects each other
(10 kis the level of activity at which total cost under two altematives are equal

கரடி 0) and (1)

B-Only (1) and (ii)

C-Only 0) and (ii)

D:-All of the above

Correct Answer: Option-C

Question24:-In a process 20000 units are introduced during a period. 10% of input is normal loss. Closing work-in-process 70% complete is 1000 units. 8000 completed units are
transferred to next process, equivalent production for the period is

9700 units
B:-9500 units
೦೧8700 units
8500 units
Correct Answer: Option-C
Question25:-In the context of Contract afc, work completed and not yet certified will be shown
கம்‌ cost plus +2/3rd of the notional profit under ‘Completed Work’
B:-At cost plus notional profit less retention money under "Completed Work’
‏اقب‎ cost under ‘Completed Work’
ದ: cost under WIP ale
Correct Answer:- Option-D
Question26:-In reconciliations statements, closing stock undervalued in Financial accounts is
‘AcAdded to financial profit
B:-Deducted from financial profit
८१०८५
D-Added to costing profit
Correct Answer:- ೦೧000
ಆಟ of the following statement is/are correct?
(i) Contract costing is a special type of job costing

0) tis also known as terminal costing
(ii) The contract itself is a profit centre and is executed under the contractor's specifications

கரடி 0) and (1)
B-Only (i) and (ii)
೦-೦೧1 01) and (i

०-५॥ of the above
Correct Answer:- ೦೧000
Question28:-The methodology that focuses on removing waste or any item that does not provides value to the customer from the manufacturing system is
‘AcJustin-Time Inventory (7)
B:-Cross-Docking
೦೩8೮ Analysis
D-Lean Manufacturing
Correct Answer:- Option-D
Question29:-Sunk costs are:
‘Ac Relevant for decision making
B:-Not relevant for decision making
‏ومع نيع‎ to be incurred in future
ലര costs
Correct Answer: Option ®

‘Question30:-Economic order quantity is that quantity at which cost of holding and carrying inventory is: