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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
State whether the following statements are True (T) or False (F) : (i) The cost of drawings, design and layout is an example of production cost. (ii) Cost accounting is a government reporting system for an organistaion. (iii) Internal instruction to buy the specified quantity and description is called stores requisition note. (iv) The stock turnover ratio indicates the slow moving stocks. (v) The flux rate method of labour turnover considers employees replaced. (vi) An automobile service unit uses batch costing. (vii) Ash produced in thermal power plant is an example of co-product. (viii) The marginal costing method conforms with the accounting standards. (ix) An increase in variable cost reduces contribution. (x) The use of actual overhead absorption may be suitably applied in small firms which are manufacturing a single product.
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