801. Productivity means:
A. The ability to produce
B. All units produced
C. Good units produced
D. None of these
802. A segment of the business that generates both revenue and cost is called:
A. Profit Center
B. Cost Center
C. Cost driver
D. All of these
803. Process Cost is very much applicable in:
A. Construction Industry
B. Pharmaceutical Industry
C. Airline company
D. None of these
804. Which of the following items of cost should not be treated as direct material:
A. Electricity representing 90% of the total cost
B. Sandpaper used in production
C. Thread used in stitching garments
D. All of the above
805. Continuous stock-taking is a part of:
A. Annual stock-taking
B. Perpetual inventory system
C. ABC analysis
D. Periodic inventory system
806. In the ABC analysis, items are categorized according to:
A. Investment value of materials
B. Consumption value of materials
C. Quantity of materials consumed
D. All of these
807. In which of the following methods, issues of materials are priced at a pre-determined rate?
A. Inflated price method
B. Standard price method
C. Replacement price method
D. Specific price method
808. Materials are issued at the price that was in effect at the time of issue in which of the following methods?
A. Inflated price method
B. Standard price method
C. Replacement price method
D. Specific price method
809. When stock reaches the storekeeper should initiate a purchase requisition.
A. Minimum level
B. Maximum level
C. Re-order level
D. Average level
810. Which of the accompanying material misfortunes ought to be moved to costing benefit and misfortune account?
A. Loss by evaporation
B. Loss as a result of materials stored improperly
C. Loss due to breaking the bulk
D. All of these
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