2.5 Which of the following explains the essence of quote sampling ?
A. None of the above
B. Each element of the population has an equal chance of being chosen
C. Every nth member of the population is selected
D. Every element of one definable sub-section of the population is selected
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11.4 In a particular process, the input for the period was 2,000 units. There were no inventories at the beginning or end of the process. Normal loss is 5 per cent of input. In which the following circumstances is there an abnormal gain?(i) Actual output =1,800 units(ii) Actual output=1,950 units (iii) Actual output=2,000 units
A. (ii) and (iii) only
B. (i) and (ii) only
C. (i) only
D. (ii) only
11.3 If there had been a normal process loss of 10% of input during the month, the value of this loss would have been:
A. Nil
B. $450
C. $600
D. $1,050
11.1 A chemical process has a normal wastage of 10% of input. In a period, 2,500 kgs of material were input and there was an abnormal loss of 75 kgs.What quantity of good production was achieved?
A. 2,175 kgs
B. 2,250 kgs
C. 2,325 kgs
D. 2,425 kgs
9.9 Absorption costing is concerned with of the following ?
A. Variable and fixed costs
B. Fixed costs
C. Direct labour
Direct materials