A. Establishing standard costs B. Measurement of actual costs C. Identifying variances and causes of variance D.Disposing the variances to cost and profit centers E. Comparision of actual and standard costs Choose the correct answer from the options given below:

A. estimates becoming more reliable the further you forecast into the future B. specification error C. cyclical variation D. stationarity in data series E. consistency in data series Choose the most appropriate answer from the options given below:

(i) No buying or selling (ii) No manufacturing (iii) Shifting of business from one place to another place (iv) Assets to be sold or disposed off. (v) Returning capital to owners

List I List II ( Cost concepts) (Description) A. Sunk cost I. Change in total cost for a unit change in output B. Marginal cost II. Value of inputs owned and used in production C. Investment cost III. Costs that are unaffected by firm decision D. Implicit cost IV. Total increase in costs resulting from […]

A. Minimising cost of energy consumption B. Minimising waste in energy consumption C. Scaling harmful impacts of pollution on health of the natives D. Minimising environmental degradation Choose the most appropriate answer from the options given below:

A. Variable cost of operations B. Marginal revenue received C. Average variable cost of operations D. Average marginal revenue received Choose the most appropriate answer from the options given below:

A. Dispatch of goods B.Sales Book C. Direct notes D. Credit notes Choose the correct answer from the options given below:

A. Partners are not bound to carry on the business of the firm to the greatest common advantage B. Where a partner is entitled to interest on capital subscribed by him, such interest shall be payable whether or not there are profits C. An outgoing partner has a right to claim a share in the […]