Question
Which of the following statement is true regarding
standard costing?Solution
Standard cost is set on the basis of management’s estimation. Cost is estimated on the basis of technical specification provided by the engineering department or other expert such as production engineer. Generally, while setting standards, consideration is given to historical data, current production plan and expected conditions of future. Standard costing is different from budgeting. Standard costs are used to set budgets and based on these budgets managerial performance is evaluated. Standard costing is most widely used in manufacturing industry but may be applied in various other industries too.
If all the even numbers are dropped from the above given arrangement then which is the 6th element to the left of the 4th element from the right end?
How many such letters are there which are not immediately followed by a symbol between ‘@’ and ‘I’ in the given arrangement?
The term ‘toast’ is related to _______________.
Which element is exactly in the middle of the fourth consonant from the left end and sixth number from the right end?
 Which of the following can input graphical images and pictures for a computer?
In computer storage media, WORM is a data storage technology that allows information to be written to a disc a single time and prevents the drive from e...
In the given arrangement, how many such numbers are there which immediately followed by a letter?
In the given series, how many numbers are immediately preceded by an alphabet and immediately followed by a symbol?
- How many such consonants are there in the above arrangement each of which is immediately followed by a consonant and immediately preceded by a symbol?
Vacuum Tubes were used in which generation of Computers?
