List of top Economics Questions on Estimation and Costing asked in CUET (PG)

The total cost of manufacturer is C=5000+1000q-500q²+ 2q3/3.The value of q for which MC = AVC will be :-

A firm produces chair, table and cupboards, each require three types of raw materials - timber, nails and varnish. The units of different raw materials required for producing one units of each product is as under: Product Timber (c.ft) Chair Table 0.7 1 Nails (dozen) 2 Varnish (liters) 1 4 1.5 Cupboard 3.2 16 2 If the firm produces 300 units of each product, find the quantity of each raw material. (in c.ft., dozen, liter) respectively would be:

AB Ltd uses the following standard mix for production of 'A' goods. 50 kgs. of material X at standard price ₹.20, 20 kgs of material Y at standard price ₹ 40. The Actual mix was:
60 kgs of material X
10 kgs. of material Y
what will be material mix variance ?

Which type of costing technique is appropriate in the following situations:
When each work is Unique.
When each work is easily identifiable
when costs are assigned to, and Accumulated for each work.

The cost of second best alternative is known as:

The technique in which only variable costs are taken into Account for the purpose of product costing, inventory valuation and other allied important management decisions is known as :

Identify the odd one out from the following, with regards to 5C's of event management:

What does CPA stands for, in relation to consumerism?

If \(\frac{a_{LX}}{a_{LY}}\) and \(\frac{a^{r}_{LX}}{a^{r}_{LY}}\) are the opportunity costs of producing X in terms of Y in countries A and B, and \(\frac{p_X}{p_Y}\) is the international price ratio of X to Y. Both the Py countries will go for complete specialization when

Suppose z = f(x, y) is homogeneous of degree k. Which of the following statements is true?