The most important element of cost is:

Related MCQs

• Sales Rs. 4,00,000; Variable Cost Rs. 3,00,000; Fixed Cost Rs. 75,000; Investments Rs. 1,50,000 and desired 20% on investments. What is residual income?
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• In a product mix decision, which is the most important factor to consider in order to try to maximize profit?
• In cost accounting, purpose of variance analysis is to:
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• In two consecutive periods, sales and profit were Rs. 1,60,000 and Rs. 8,000 respectively in the first period and Rs. 1,80,000 and Rs. 14,000 respectively during the second period. If there is no change in fixed cost between the two periods, the PV ratio must be:
• During the month of March, 560 kg of material was purchased at a total cost of Rs. 15,904. The stock of material increased by 15 kg. it is the company’s policy to value the stocks at standard purchase price. If the material price variance was Rs. 224 (A), the standard price per kg. of material is :
• Cost Price is not fixed in case of:
• Which of the following items is not excluded while preparing a cost sheet?
• Joint cost is suitable for: