Direct expenses are also called ________.
A. major expenses B. chargeable expenses C. overhead expenses D. sundry expenses
A. major expenses B. chargeable expenses C. overhead expenses D. sundry expenses
Anonymous Quiz
23%
A
27%
B
28%
C
22%
D
Tender is an _______.
A. estimation of profit B. estimation of cost C. estimation of selling price D. estimation of units
A. estimation of profit B. estimation of cost C. estimation of selling price D. estimation of units
Anonymous Quiz
12%
A
46%
B
31%
C
11%
D
Indirect material scrap is adjusted along with ________.
A. prime cost B. factory cost C. labour cost D. cost of goods sold
A. prime cost B. factory cost C. labour cost D. cost of goods sold
Anonymous Quiz
17%
A
44%
B
14%
C
25%
D
Indirect material used in production is classified as ________.
A. office overhead B. selling overhead C. distribution overhead D. factory overhead
A. office overhead B. selling overhead C. distribution overhead D. factory overhead
Anonymous Quiz
11%
A
13%
B
15%
C
61%
D
Cost accounting concepts include all the following except ________.
A. planning B. controlling C. profit sharing D. product costing
A. planning B. controlling C. profit sharing D. product costing
Anonymous Quiz
16%
A
13%
B
53%
C
18%
D
The ascertainment of costs after they have been incurred is known as _________.
A. marginal costing B. historical costing C. sunk cost D. notional cost
A. marginal costing B. historical costing C. sunk cost D. notional cost
Anonymous Quiz
23%
A
34%
B
28%
C
15%
D
Given that for a job standard time is 8 hrs, actual time taken is 6 hrs and the time rate is Rs 2 per hr What is the total wages under Halsey premium plan?
A. Rs. 12 B. Rs. 14 C. Rs. 16 D. Rs. 18
A. Rs. 12 B. Rs. 14 C. Rs. 16 D. Rs. 18
Anonymous Quiz
30%
A
31%
B
32%
C
7%
D
How many rate are used to calculate wages under Taylor's differential piece rate system?
A. two B. three C. four D. five
A. two B. three C. four D. five
Anonymous Quiz
32%
A
39%
B
23%
C
6%
D
The loss which arise in manufacturing activity on account of inherent nature of the product is ________.
A. normal loss B. abnormal loss C. net loss D. gross loss
A. normal loss B. abnormal loss C. net loss D. gross loss
Anonymous Quiz
49%
A
37%
B
8%
C
6%
D
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๐บGroup of Seven (G7)๐บ
โThe Group of Seven (G7) is an intergovernmental organization consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. The heads of government of the member states, as well as the representatives of the European Union, meet at the annual G7 Summit.
โAs of 2018, the G7 represents 58% of the global net wealth ($317 trillion), more than 46% of the global gross domestic product (GDP) based on nominal values, and more than 32% of the global GDP based on purchasing power parity. The seven countries involved are also the largest IMF-advanced economies in the world.
โThe annual G7 leaders' summit is attended by the heads of government. The member country holding the G7 presidency is responsible for organizing and hosting the year's summit. The serial annual summits can be parsed chronologically in arguably distinct ways, including as the sequence of host countries for the summits has recurred over time and series. Generally every country hosts the summit once every 7 years.
โSince 1975, the group meets annually on summit site to discuss economic policies[citation needed]; since 1987, the G7 Finance Ministers have met at least semi-annually, up to four times a year at stand-alone meetings.
๐นAbout Member Countries๐น
โCanada
๐๐ปPrime Minister: Justin Trudeau
โFrance
๐๐ปPresident: Emmanuel Macron
โGermany
๐๐ปChancellor: Angela Merkel
โItaly
๐๐ปPrime Minister: Mario Draghi
โJapan
๐๐ปPrime Minister: Yoshihide Suga
โUnited Kingdom
๐๐ปPrime Minister: Boris Johnson
โUnited States
๐๐ปPresident-elect Joe Biden
๐นList of summits Host Country๐น
โ1st summit was held in France (G6 Summit)
โ2nd summit was held in 1976 (Also called "Rambouillet II". Canada joined the group, forming the G7)
โ2019 summit (46th) was to be held at US but that meeting was officially cancelled on March 19, 2020 due to the concerns over the worldwide coronavirus pandemic and was replaced by a global videoconference.
โ47th summit (2021) is scheduled to held on 11-13 June 2021 in United Kingdom.
โ48th summit (2022) is scheduled to held in Germany.
โ49th summit (2023) is scheduled to held in Japan.
โ50th summit (2024) is scheduled to held in Italy.
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โThe Group of Seven (G7) is an intergovernmental organization consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. The heads of government of the member states, as well as the representatives of the European Union, meet at the annual G7 Summit.
โAs of 2018, the G7 represents 58% of the global net wealth ($317 trillion), more than 46% of the global gross domestic product (GDP) based on nominal values, and more than 32% of the global GDP based on purchasing power parity. The seven countries involved are also the largest IMF-advanced economies in the world.
โThe annual G7 leaders' summit is attended by the heads of government. The member country holding the G7 presidency is responsible for organizing and hosting the year's summit. The serial annual summits can be parsed chronologically in arguably distinct ways, including as the sequence of host countries for the summits has recurred over time and series. Generally every country hosts the summit once every 7 years.
โSince 1975, the group meets annually on summit site to discuss economic policies[citation needed]; since 1987, the G7 Finance Ministers have met at least semi-annually, up to four times a year at stand-alone meetings.
๐นAbout Member Countries๐น
โCanada
๐๐ปPrime Minister: Justin Trudeau
โFrance
๐๐ปPresident: Emmanuel Macron
โGermany
๐๐ปChancellor: Angela Merkel
โItaly
๐๐ปPrime Minister: Mario Draghi
โJapan
๐๐ปPrime Minister: Yoshihide Suga
โUnited Kingdom
๐๐ปPrime Minister: Boris Johnson
โUnited States
๐๐ปPresident-elect Joe Biden
๐นList of summits Host Country๐น
โ1st summit was held in France (G6 Summit)
โ2nd summit was held in 1976 (Also called "Rambouillet II". Canada joined the group, forming the G7)
โ2019 summit (46th) was to be held at US but that meeting was officially cancelled on March 19, 2020 due to the concerns over the worldwide coronavirus pandemic and was replaced by a global videoconference.
โ47th summit (2021) is scheduled to held on 11-13 June 2021 in United Kingdom.
โ48th summit (2022) is scheduled to held in Germany.
โ49th summit (2023) is scheduled to held in Japan.
โ50th summit (2024) is scheduled to held in Italy.
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