A firm Uses its own capital or Uses its owner's time and/or financial resources both are examples of

  1. Home
  2. Back

Question:
A firm Uses its own capital or Uses its owner's time and/or financial resources both are examples of

1.Implicit Cost

2.Explicit Cost

3.Sunk Cost

4.Relevant Cost

Posted Date:-2021-11-17 13:42:20

More MCQS Questions and answers

  1. A firm Uses its own capital or Uses its owner's time and/or financial resources both are examples of
  2. A high inventory turnover may indicate:
  3. Analysis of selling and distribution overheads is done by:
  4. Avoidable causes of labour turnover include the following except:
  5. Bin card is a record of ______________ only.
  6. Break-even analysis assumes that over the relevant range:
  7. Costing is a technique of
  8. Credit and collection cost is an item of
  9. Idle capacity of a plant is defined as the difference between:
  10. If an item of overhead expenditure is charged specifically to a single department this would be an example of:
  11. If fixed costs increased by 31,500 with no other cost or revenue factors changing, the break-even sales in units would be:
  12. In a profit sharing scheme the available surplus is shared by the following except:
  13. In automobile, ______________ costing is used
  14. In order to ensure efficient functioning of the stores department and steady flow of materials to the production departments, the restocking of stores is duty of:
  15. In service costing, fixed charges are also called as ______________
  16. Inventory turnover ratio = Cost of inventory consumed during the period ÷ Cost of ______________ held during the period
  17. Material should be issued by the store keeper against ______________
  18. Obsolescence is the measure of the loss of value of an asset due to:
  19. Opportunity cost does not involve
  20. Over applied FOH will always result when a predetermined FOH rate is applied and:
  21. Ratios which may be used for comparing labour cost over time include the following except:
  22. Re-ordering level is = Maximum consumption x ______________
  23. Replacement costs of labour turnover include the following except:
  24. Sales are 450,000. Beginning finished goods were 23,000. Ending finished goods are 30,000. The cost of goods sold is 300,000. What is the cost of goods manufactured?
  25. Suppose a firm sells its product at a price lower than the opportunity cost of the inputs used to produce it. Which is true?
  26. The authorized heads of deduction from wages payable include the following except:
  27. The basic research cost should be treated as:
  28. The components of factory overhead are as follows:
  29. The factors to be taken into consideration in formulating incentive schemes include:
  30. The process of cost apportionment is carried out so that:
  31. The standard time required per unit of a product is 20 minutes. In a day of 8 working hours a worker had given an output of 30 units. If he gets a time rate of 20/hr., his total earnings under Halsey bonus scheme was:
  32. The Term Minimum Level Represents.
  33. The treatment of idle time in cost includes the following
  34. The two levels of material controls are quantity control and
  35. under marginal costing:
  36. Under perpetual Inventory system at the end of the year:
  37. Volume Variance =
  38. What will be the impact of normal loss on the overall per unit cost?
  39. When the completion stage of the contract is more than half, the profit to be credited to Profit and Loss account will be equal to ______________
  40. Which of the following costs is not a factory overhead expense?
  41. Which of the following does not match? Item of cost Basis of cost allocation
  42. Which of the following factors are not qualitative factors in a make or buy decision?
  43. Which of the following is a mechanical device to record the exact time of the workers?
  44. Which of the following is NOT a reason for carrying inventory?
  45. Which of the following methods of depreciation results in fixed per unit cost of depreciation?
  46. ______________ budget is the preparation of budget starting from a clean state.
  47. ______________ costing is used in transport undertaking.
  48. ______________ is an extension of job costing.
  49. ______________ is the cost which involves payment to outsiders.
  50. ______________ is the time worked over and above the employee's basic working week.
Search
R4R Team
R4Rin Top Tutorials are Core Java,Hibernate ,Spring,Sturts.The content on R4R.in website is done by expert team not only with the help of books but along with the strong professional knowledge in all context like coding,designing, marketing,etc!