Author name: Administrator

2026. Unemployment due to mechanization of agriculture is

Seasonal
Structural
Industrial
Personal
✅ The correct answer is B.
Unemployment due to mechanization of agriculture is Structural. Due to structural changes in the economy, structural unemployment may take place. Structural unemployment is caused by a decline in demand for production in a particular industry, and consequent disinvestment and reduction in its manpower requirements.

2027. Which of the following is not a common approach to phishing?

Send an official‐looking e‐mail asking for confidential information
Ask people to fill out and return a fake letter using postal mail
Ask people to click a link in an e‐mail to open a submission form on a web page
All of the above are uncommon approaches to phishing
✅ The correct answer is B.
Asking people to fill out and return a fake letter using postal mail is not a common approach to phishing.

2029. A unit cost calculated in costing system, by assigning total costs incurred to many similar units is categorized as

accounting period costing system
process costing system
job costing system
none of above
✅ The correct answer is B.
A unit cost calculated in costing system, by assigning total costs incurred to many similar units is categorized as process costing system. Process costing is a type of operation costing which is used to ascertain the cost of a product at each process or stage of manufacture.

2030. An acquisition cost of raw material is to be used in manufacturing, and becoming a component of cost object is classified as

direct material costs
indirect material costs
direct labour costs
indirect labour costs
✅ The correct answer is A.
An acquisition cost of raw material is to be used in manufacturing, and becoming a component of cost object is classified as direct material costs. Direct materials cost the cost of direct materials which can be easily identified with the unit of production. For example, the cost of glass is a direct materials cost in light bulb manufacturing.

2031. Second mortgages pledged against bond’s security are referred as

loan mortgages
medium mortgages
senior mortgages
junior mortgages
✅ The correct answer is D.
Second mortgages pledged against bond’s security are referred as junior mortgages. A junior mortgage is a mortgage that is subordinate to a first or prior (senior) mortgage. A junior mortgage often refers to a second mortgage, but it could also be a third or fourth mortgage. In the case of foreclosure, the senior mortgage will be paid down first.

2032. Labour which works as forklift truck, plant guards and rework labour is classified as

prime overhead
conversion overhead
factory overhead
manufacturing overhead
✅ The correct answer is D.
Labour which works as forklift truck, plant guards and rework labour is classified as manufacturing overhead. Manufacturing overhead is all indirect costs incurred during the production process. This overhead is applied to the units produced within a reporting period.

2036. A group of individual indirect cost item is defined as

direct pool
cost pool
indirect pool
item pool
✅ The correct answer is B.
A group of individual indirect cost item is defined as cost pool. Cost pools is an accounting term that refers to groups of accounts serving to express the cost of goods and service allocatable within a business or manufacturing organization.
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