81. Which answer correctly completes this 2026 current-affairs record: How many calendar days did BIO International Convention 2026 span in 2026?
✅ C. 4 days
A. 3 days B. 5 days C. 4 days D. 6 days Read more
Author: Faraz Ahmed – Page 5
82. When production is equal to sales, which of the following is TRUE?
✅ A. No change occurs to inventories for either use absorption costing or variable costing methods
Option A : No change occurs to inventories for either use absorption costing or variable costing methods Option B : The use of absorption costing produces a higher net income than the use of variable costing Option C : The use of absorption costing produces a lower net income than the use of variable costing Option D : The use… Read more
83. Costs that change in response to alternative courses of action are called___________?
✅ B. Differential costs
Option A : Relevant costs Option B : Differential costs Option C : Target costs Option D : Sunk costs Correct Answer : Differential costs Read more
84. The total cost incurred in the operation of a business undertaking other than the cost of manufacturing and production is known as________?
✅ C. Commercial cost
Option A : Direct cost Option B : Variable cost Option C : Commercial cost Option D : Conversion cost Correct Answer : Commercial cost Read more
85. Which of the following bases is not appropriate for apportionment of Transport departments cost ?
✅ B. Crane value
Option A : Crane hours Option B : Crane value Option C : Truck Mileage Option D : Truck value Correct Answer : Crane value Read more
86. The cost of obsolete inventory acquired several years ago, to be considered in a keep vs. disposal decision is an example of :
✅ B. Sunk cost
Option A : Uncontrollable cost Option B : Sunk cost Option C : Avoidable cost Option D : Opportunity cost Correct Answer : Sunk cost Read more
87. Budgeted sales for the next year is 5,00,000 units. Desired ending finished goods inventory is 1,50,000 units and equivalent units in ending W-I-P inventory is 60,000 units. The opening finished goods inventory for the next year is 80,000 units, with 50,000 equivalent units in beginning W-I-P inventory How many equivalent units should be produced?
✅ A. 5,80,000
Option A : 5,80,000 Option B : 5,50,000 Option C : 5,00,000 Option D : 5,75,000 Read More Details about this Mcq Correct Answer : 5,80,000 Read more
88. If the asset turnover and profit margin of a company are 1.85 and 0.35 respectively, the return on investment is.
✅ A. 0.65
Option A : 0.65 Option B : 0.35 Option C : 1.5 Option D : 5.29 Correct Answer : 0.65 Read more
89. A company is currently operating at 80% capacity level. The production under normal capacity level is 1,50,000 units. The variable cost per unit is ` 14 and the total fixed costs are ` 8,00,000. If the company wants to earn a profit of ` 4,00,000, then the price of the product per unit should be
✅ C. 24
Option A : 37.5 Option B : 38.25 Option C : 24 Option D : 35 Correct Answer : 24 Read more
90. Consider the following data pertaining to the production of a company for a particular month :
✅ A. Opening stock of raw material 11,570 Closing stock of raw material 10,380 Purchase of raw material during the month 1,28,450 Total manufacturing cost charged to product 3,39,165 Factory overheads are applied at the rate of 45% of direct labour cost. The amount of factory overheads applied to production is 65,025
Option A : Opening stock of raw material 11,570 Closing stock of raw material 10,380 Purchase of raw material during the month 1,28,450 Total manufacturing cost charged to product 3,39,165 Factory overheads are applied at the rate of 45% of direct labour cost. The amount of factory overheads applied to production is 65,025 Option B : 94,287 Option C :… Read more