In case of steam company, the cost per unit is calculated on the basis of---------

Related MCQs

• ----------is the cost attribution to the cost unit on the basis of benefits received from indirect activities.
• Mines `A’ and `B’ are at a distance of 10 kms and 15 kms from the factory. The cost per tonne-km in case of mine A is Rs. 3 while it is R. 2.5 in case of mine B. The factory should procure coal from------------
• In August actual material used amounted to 5,650 kg, budgeted output was 1,000 units and standard material usage was 5 kg per unit. Actual output was 1,075 units. If the standard material cost of each product is 25 the material efficiency variance will be:
• An equivalent unit of material or conversion cost is equal to:
• The labour rate variance can be calculated by the following equation:
• To produce a particular batch of product, Falcon Corporation paid its workers 12.00 per hour for 4,000 hours of work. The standards for the quantity of work represented by the batch were 12.50 per hour and 4,400 hours. What was the labour efficiency variance?
• The firm’s direct-labour rate variance was 4,800 unfavourable. Actual labour was 24,000 direct-labour hours, at a cost of 1,68,000, for 25,000 units of finished product that require 1 hour of direct labour each, at standard. What is the standard rate per direct-labour hour?
• Which of the following cost classification categories is almost identical to a relevant cost?
• Upstream cost, Down stream cost etc., are the concepts in---------------.
• ---------- cost is also known as hypothetical or notional cost.