60. Costing is used in Mass Production Industries O A. Mass Costing O B. Contract...
90.2K
Verified Solution
Link Copied!
Question
Accounting
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
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
