The scarce factor of production is known as

Related MCQs

• The cost per unit of a product manufactured in a factory amounts to Rs 160 (75% variable) when the production is 10,000 units. When production increases by 25%, the cost of production will be Rs per unit.
• Key factor is also known as -
• The factor which limits the volume of output of different products of an understanding at a particular point of time is known as…
• Usually the production budget is stated in terms of…
• The fixed administration expenses are Rs 50,000 at 10,000 units of production.What will be the per unit fixed cost at 8000 units?
• Calculate the production budget from the following data: sales 89,350 units; opening inventory 23,864 units; closing inventory 33,156 units.
• Production budget is -
• Which matters are taken into consideration while preparing production budget ?
• Usually the production budget is stated in terms of -
• The data related to Production of T are for material X standard data and actual data are 40 kgs @ Rs 10 and 55 kgs @ Rs 9, respectively. The standard data and actual data for material Y are 50 kgs @ Rs 5 and 35 kgs @ Rs 7. Determine material usage variance.