Standard Costing-Quiz to test your knowledge!
Standard costing is method of costing which measures the performance or activity of by comparing by comparing actual cost and standard cost.It is used as a control tool by management for efficiency of business.
Standard cost is the planned unit cost of a product. The base for determination of standard cost can very over the situation, place etc. Since planning is effective tool for business. This technique helps to plan costing for a product.When a product is finally produced, it can be compared with standard cost for comparison.
Hence,it is a type of budgeted number, characterized by a certain amount of rigor in its determination, and by its ability to motivate managers and employees to work towards the company’s objectives for production efficiency and cost control.
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Atoms are composed ofCorrectIncorrect
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The age of most anciant geological formations is estimated byCorrectIncorrect
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Which of the following is used as a moderator in nuclear reactor ?CorrectIncorrect
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Isotopes are separated byCorrectIncorrect
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Which of the following colour in the visible spectrum has maximum range ?CorrectIncorrect
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Who suggested that most of the mass of the atom is located in the nucleus ?CorrectIncorrect
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Mesons are found inCorrectIncorrect
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In a fast breeder reactor,U-238 gets converted toCorrectIncorrect
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Which of the following elements is non-radioactive ?CorrectIncorrect
- Question 10 of 10
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The neutral atom’s two isotopes differ in the number ofCorrectIncorrect