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60. Costing is used in Mass Production Industries O A. Mass Costing O B. Contract...

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60. Costing is used in Mass Production Industries O A. Mass Costing O B. Contract Costing O C. Terminal Costing O D. Process Costing 61. ) A process may consistsof several operations. (ii) Operations costing is sometimes described as a hybrid system of costing. O A. (i) False (ii) True OB. True (ii) False O c. (i) True (ii) True OD.) False (ii) False 62. If material introduced to a process are 1,700 units, 2% is normal loss to input and 10% is scrap, then the expected number of units for the process is __ A. 01,496 Units B. 01,546 Units C. 01,530 Units D. 01,666 Units with change in output 63. Total variable cost change O A. Proportionately O B. Constantly O C. Not proportionately O D. None of these 64. The cost of material that is not completely processed, would be found in which of the following inventory account on the Balance Sheet? O A. Supplies inventory O B. Direct material inventory O C. Finished goods inventory O D. Work-in-process inventory 65. A Traveller Car carries 25 passengers daily for 25 days and its mileage per month is 1000 kms. Its passenger miles are O A. 30,000 O B. 12,500 O C. 20,000 O D. 25,000

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