Which of the following statement is true regarding standard costing?
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.
As per Section 27 of Companies Act 2013, any ariation in prospectus is to be approved by _______
NCLAT is constituted under which section of the Companies Act?
No allotment of any securities of a company offered to the public for subscription shall be made unless the amount stated in the _______ as th...
A company has to transfer the unclaimed dividend to which account?
Differences between verbal and nonverbal communication include?
i. Verbal communication is multichanneled; nonverbal communication is single-cha...
The appointment of Directors is to be approved by company in ____
Appointment of Auditors in case of government companies by CAG is given under which section of Companies Act, 2013?
The President of NCLT and Chairperson of NCLAT is to be appointed in consultation with _______
In case where such dividend remained unpaid or unclaimed within _______ from the date of declaration, the amount is transferred to ‘Unpaid Dividend Ac...