Machine hour rate is obtained by dividing the total running expenses of a machine during a particular period by the…………

Related MCQs

• Expenses incurred during production other than direct materials and direct labour are called…………..factory expenses; those charged to production on estimated basis are called …………….
• For a work order, standard time and time taken are 20 hours and 15 hours respectively. Time rate being Rs. 2 per hour, total wages payable under Rowan Premium Plan will be……………….
• Inventory turnover ratio = Cost of …………………..during the period ÷ Cost of average inventory held during the period.
• The total of all direct expenses is known as ................... cost.
• Total sales Rs. 20,00,000; Fixed expenses Rs. 4,00,000; P/V Ratio 40%; Break-even capacity in percentage is .
• When …………………….is used on the basis of budgeted overheads and the rate is applied to the actual base, the actual overhead expenses may be different from the charged overheads.
• Inventory turnover ratio = Cost of inventory consumed during theperiod ÷ Cost of ....................................................held during the period
• Average unit cost for each process is calculated by dividing the ………………..by…………………
• ……………………are costs which have been applied against revenue of particular accounting period.
• .......................Under marginal costing, …………… costs are treated as period costs and charged to profit and loss account for the period for which they are incured.