(A) Measure of consumption of assets
(B) Process of allocation and not of valuation
(C) Wear and tear due to use and/or lapse of time
(D) All of the above
Tag: Economics Mcqs With Answers
For exercising control over selling and distribution overheads, the following techniques may be used :
(A) Comparison with past results
(B) Budgetary control
(C) Standard costing
(D) All of the above
Analysis of selling and distribution overheads is done by :
(A) Nature of expenses and functions
(B) Areas, products and salesmen
(C) Types of customers and channels of distribution
(D) All of the above
Which of the following is/are the basic object/s of job analysis?
(A) Determination of wage rates
(B) Ascertain the relative worth of each job
(C) Breaking up job into its basic elements
(D) All of the given options
Which of the following is not used as a base for apportionment of administration overheads ?
(A) Direct wages
(B) Works cost
(C) Conversion cost
(D) Sales value
Which of the following is not a possible method of accounting for administration overheads ?
(A) Include as part of production overheads
(B) b) Apportion to production, selling and distribution functions
(C) Treat administration as a separate entity and treat the costs as such
(D) Transfer to costing profit and loss account
Functionally, administration expenses may comprise expenses of the following activities :
(A) Secretarial and board of directors
(B) Accounting, financing, tax and legal
(C) Audit and personnel
(D) All of these
Which of the following is not a production cause of idle capacity ?
(A) Set-up and change-over time
(B) Lack of supervision and instruction
(C) Lack of materials and tools
(D) Strike