Cost and Managment Accounting Mcqs Essays

Cost and Managment Accounting Mcqs Essays Cost and Managment Accounting Mcqs Essay Cost and Managment Accounting Mcqs Essay Fixed expense per unit diminishes when: a. Creation volume increments. b. Creation volume diminishes. c. Variable expense per unit diminishes. d. Variable expense per unit increments. 2). Prime expense + Factory overhead expense is: a. Change cost. b. Creation cost. c. All out expense. d. None of given alternative. 3). Discover the estimation of buys if Raw material devoured Rs. 90,000; Opening and shutting supply of crude material is Rs. 50,000 and 30,000 individually. a. Rs. 10,000 b. Rs. 20,000 c. Rs. 70,000 d. Rs. 1,60,000 4). Whenever Cost of merchandise sold = Rs. 40,000 GP Margin = 20% of deals Calculate the Gross overall revenue. a. Rs. 32,000 b. Rs. 48,000 c. Rs. 8,000 d. Rs. 10,000 5). ______________ strategy accept that the products got most as of late in the stores or created as of late are the initial ones to be conveyed to the demanding office. a. FIFO b. Weighted normal strategy c. Latest value strategy d. LIFO Fill in the spaces: (5 x 1) 1). Roundabout cost that is brought about in creating item or administrations however which can not followed in full. 2 Sunk expense is the cost that caused or used in the past which can not be recovered. 3). Transformation cost = Direct Labor + FOH 4). Whenever cost of merchandise sold Rs. 20,000 and Sales Rs. 50,000 at that point Gross Markup Rate is 150% 5). Under Perpetual framework, a total and nonstop record of development of each stock thing is kept up. 1. Cost of creation report is a _________________. a. Fiscal report b. Creation process report c. Request sheet d. None of given choice. 2. There are ___________ parts of cost of creation report. a. 4 b. 5 c. 6 ( sixth is worried about computation of misfortune) d. 7 3. Which one of the association follows the expense of creation report _________________? . Material unit b. Contracted bookkeeper firm c. Poultry shaping d. None of the given choice. 4. _____________________ part of cost of creation report clarifies the expense caused during the procedure. a. Amount plan b. Cost represented as follow c. Cost charge to the office d. None of given choice Solve the inquiry 5 to 7. In the event that units put in the process 7,000, units fi nished and move out 5,000. Units still in process (100% Material, half Conversion cost). 500 units were lost. Cost brought about during the procedure Material and Labor Rs. 50,000 and 60,000. 5. Locate the quantity of units that will show up in amount plan a. 5,750 b. 7,000 c. 5,000 d. 6,500 6. Discover the estimation of per unit cost of both material and change cost a. Material 7. 69; Conversion cost 10. 43 b. Material 7. 14; Conversion cost 10. 43 c. Material 7. 14; Conversion cost 9. 23 d. None of given alternative 7. Discover the estimation of cost moved to next office: a. Rs. 57,500 b. Rs. 50,000 c. Rs. 70,000 d. None of given choice. 8. If there should arise an occurrence of second office discover the expansion of per unit cost in the event of unit lost. Cost got from past office is Rs. ,40,000. a. 1. 43 b. (2. 13) c. 1. 54 d. 1. 67 9. Opening work in process stock can be determined under a. FIFO and Average costing b. LIFO and Average costing c. FIFO and LIFO costing d. None of given choice 10 _________________ needs further handling to improve its attractiveness. a. Result b. Joint Product c. Enlarged item d. None of the given choice Choose probably the best decision . 1. Jan 1; completed merchandise stock of Manuel Company was $3, 00,000. During the year Manuel’s cost of products sold was $19, 00,000, deals were $2, 000,000 with a 20% gross benefit. Ascertain cost doled out to the December 31; completed products stock. a. $ 4,00,000 b. $ 6,00,000 c. $ 16,00,000 d. None of given choices 2. The fundamental motivation behind cost bookkeeping is to: a. Expand benefits. b. Help in stock valuation c. Give data to the board to dynamic d. Help in the obsession of selling value 3. The blend of direct material and direct work is a. All out creation Cost b. Prime Cost c. Transformation Cost d. Absolute assembling Cost 4. The expense used in the past that can't be recovered on item or administration a. Important Cost b. Sunk Cost c. Item Cost d. Insignificant Cost 5. When an assembling procedure requires for the most part human work and there are broadly changing compensation rates among laborers, what is presumably the most suitable premise of applying plant expenses to work in process? a. Machine hours b. Cost of materials utilized c. Direct work hours d. Direct work dollars 6. An average plant overhead expense is: a. circulation b. inward review c. pay of plant supervisor d. structure 7. An industry that would no doubt use process costing systems is: a. tires b. home development c. printing d. airplane . 8. Complete the accompanying table | |Per unit |Total | |Fixed cost |Increase |Constant | |Variable expense | |Total cost |Increase |Decrease | a. Steady, Decrease b. Abatement, Decrease c. Increment, Increase d. Increment, Decrease 9. The Kennedy Corporation utilizes Raw Material Z in an assembling procedure. Data as to balances close by, buys and orders of Raw Material Z is given underneath: Jan. 1 Balance: 200 lbs. @ $1. 50 08 Received 500 lbs. @ $1. 55 18 Issued 100 lbs. 25 Issued 260 lbs. 30 Received 150 lbs. @ $1. 60 If a ceaseless stock record of Raw Material Z is kept up on a FIFO premise, it will show a month end stock of: a. $240 b. $784 c. $759 d. $767 10. An inconvenience of a time-based compensation plan is that it: a. Gives no motivation to workers to accomplish and keep up an elevated level of creation. b. Is barely ever utilized and is hard to apply. c. Sets up a distinct rate for each hour for every worker. d. Urges workers to forfeit quality so as to amplify income. (10 x 1=10) (Question 2-a) From the accompanying data compute the Maximum stock level, Minimum stock level, Re-requesting level and Danger stock level;- (an) Average utilization 300 units for every day (b) Maximum utilization 400 units for every day (c) Minimum utilization 200 units for each day (d) Re-request amount 3,600 units (e) Re-request period 10 to 15 days (f) Emergency Re-request period 13 days (1. 254=5) Solution: Request Level = Maximum Consumption x Lead Time (greatest) = 400 x 15 = 6,000 Maximum level =Order level †(Minimum utilization x Lead time) + EOQ = 6,000 †(200 x 10) + 3,600 = 7,600 Minimum Level = Order level-(Average utilization x lead time) = 6,000 †(300 x 12. 5) = 2,250 Danger Level = Average utilization x Emergency time = 300 x 13 = 3,900 (Question 2-b) Following information are accessible regarding a specific material. |Annual necessity |1200 units | |Cost to put in a request |Rs 3. 0 | |Annual financing cost |5% | |Per unit cost. |Rs 5. 00 | |Annual conveying cost per unit |Rs 0. 25 | Required: 1) Economic request amount 2) Number of requests every year 3) Frequency of requests (2+1. 5+1. 5=5) Solution: (1)EOQ= (2 x 1200 x 3/0. 25 + 5% of 5)1/2 = 120 units (2)No of order= Annual request/request size = 1200/120 = 10 (3) Frequency of orders= No of days in a year/No of request = 360/10 = 36days Find out right choice from offered MCQs put your response in above tabl e: 1. An assembling organization makes an item which goes through two divisions. 10,000 units were placed in process. 9,400 units were finished moved to office II. 400 units (1/2 complete) were in process toward the finish of month. Staying 200 units were lost during preparing. Expenses brought about by the division were as per the following: Particulars Rs. Direct Materials 19,400 Direct Labor 24,250 Factory overhead 14,550 Apportionment of the Accumulated Cost/Total Cost represented, for the month in CPR ____________ a. Rs. 24,250 Approximately b. Rs. 56,987 Approximately c. Rs. 58,200 Approximately d. None of the given choices MCQ # 2 and 3 depend on the accompanying information: Allied synthetic organization revealed the accompanying creation information for its area of expertise: Particulars Units Received in from division â€1 55,000 Transferred out office â€3 39,500 In process (1/3 work overhead) 10,500 All materials were placed in process in Department No. 1. Costing division gathered after figures for office No. 2: Particulars Rs. Unit cost got in 1. 80 Labor cost in division No. 2 27,520 Applied overhead in Department No. 2 15,480 2. Comparable units of work FOH are _________ a. 3,500 units b. 39,500 units c. 3,000 units d. None of the given choices 3. Unit cost of lost unit after change (by utilizing any strategy) _________ Cost Management Accounting (mgt402) Quiz 02 Fall Semester 2007 a. Rs. 0. 64 b. Rs. 0. 36 c. Rs. 0. 18 d. None of the given alternatives MCQ # 4, 5 and 6 depend on the accompanying information: In Department No. 315 typical creation misfortunes are found toward the finish of procedure. During January 2007 after expenses were charged to Department 315: Particulars Rs. Direct Materials 30,000 Direct Labor 20,000 Manufacturing overhead 10,000 Cost from going before division 96,000 Data of creation amounts is as per the following: Points of interest Units Received in 12,000 Transferred out 7,000 Normal Production Loss 1,000 Partly prepared units in Department No. 315 were finished half. 4. Cost of typical misfortune (where ordinary misfortune is found toward the finish of procedure) _________: a. Rs. 14,000 b. Rs. 44,000 c. Rs. 1, 12,000 d. None of the given alternatives 5. Proportionate units of material __________ a. 2,000 units b. 7,000 units c. 10,000 units d. None of the given alternatives 6. Unit cost of Direct Labor__________ a. Rs. 1 b. Rs. 2 c. Rs. 3 d. None of the given alternatives Cost Management Accounting (mgt402) Quiz 02 Fall Semester 2007 7. During January, Assembling office got 60,000 units from going before division at a unit cost of Rs. 3. 54. Expenses included the get together division were: Particulars Rs. Materials 41,650 Labor 101,700 Factory overheads 56,500 There was no work in process starting stock. Points of interest Units from going before office 60,0

Elderly Depression Example

Old Depression Example Older Depression †Term Paper Example Old Depression is one of the major mental issues found among old individuals. â€Å"It has been evaluated that maybe somewhere close to 10 and 30 percent depressives and hyper depressives murder themselves† (Klein, third version (September 8, 2009) 3. Klein, Donald F.M.D Revised release (May 12, 2005) 4. Mill operator, Mark D M.D 1 release (September 23, 2002)