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Commerce Costing Difficulty: Medium

Labour rate variance is computed by multiplying the:

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Currency swap is a method of In normal costing, manufacturing overhead allocated is also called Match the following. List-I List-II a. Consumer surplus 1. Loniet b. Concept of compensating variation 2. Newman Morgensterm c. Utility index number 3. Hick d. Input-output model 4. Marshall Match the following. List-I (Production functions) List-II (Name of the shapes of returns to scale) a. Q = 10.2K 0.19 L 0.88 1. Constant returns to scale b. Q = 1.01L 0.75 K 0.25 2. Diminishing returns to scale c. Q = 0.84L 0.63 K 0.3 3. Increasing returns to scale Banks lend money by 1. Loan 2. Cash credit 3. Overdraft 4. Discounting of bill Select the correct answer