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0333-7637637
Rs. 200,000
Rs. 66,667
Rs. 100,000
Rs. 62,500
Rs.22.5
Rs.23.5
Rs.24.5
Rs.26.5
Production Center
Service Center
Net pay
Total pay
Other income
Overstocking
Under stocking
Replenishment of stock
Acquisition of stock
Flexibility of practices
3.57 times
3.67 times
3.85 times
5.36 times
Income Statement
Balance Sheet
0333-7637637
Time 86
Left sec(
Quiz Start Time: 11:05 PM s)
Time 89
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s)
Quiz Start Time: 11:05 PM
Question # 2 of 15 ( Start time: 11:06:48
Total Marks: 1
PM )
According to IASB framework, Financial statements exhibit to its users the:
Select correct option:
Financial position
Financial performance
Time 89
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s)
Quiz Start Time: 11:05 PM
Question # 3 of 15 ( Start time: 11:07:23
Total Marks: 1
PM )
The Term Mimimum Level Represents.
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Time 89
Left sec(
Quiz Start Time: 11:05 PM s)
Rs. 200,000
Rs. 66,667
Rs. 100,000
Rs. 62,500
Time 89
Left sec(
s)
Quiz Start Time: 11:05 PM
Question # 5 of 15 ( Start time: 11:07:50
Total Marks: 1
PM )
Under Periodic Inventory system Purchase of inventory is treared as:
Select correct option:
Assets
Expense
Income
Liability
Time 89
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s)
Quiz Start Time: 11:05 PM
Question # 6 of 15 ( Start time: 11:08:16
Total Marks: 1
PM )
Cost accounting concepts include all of the following EXCEPT:
Select correct option:
Planning
Controlling
Sharing
Costing
Time 89
Left sec(
Quiz Start Time: 11:05 PM s)
Factory burden
Factory expenses
Manufacturing overhead
Conversion costs
Time 89
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s)
Quiz Start Time: 11:05 PM
Question # 8 of 15 ( Start time: 11:11:07
Total Marks: 1
PM )
Period costs are
Select correct option:
Not expensed
Time 89
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s)
Quiz Start Time: 11:05 PM
Question # 9 of 15 ( Start time: 11:11:37
Total Marks: 1
PM )
Which of the following is to be called product cost
Select correct option:
Material cost
Labor cost
FOH cost
Time 89
Left sec(
Quiz Start Time: 11:05 PM s)
BCVO
AVCO
c.FIFO
LIFO
Time 89
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s)
Quiz Start Time: 11:05 PM
Question # 12 of 15 ( Start time: 11:15:26
Total Marks: 1
PM )
Which of the following is / are element / s of production payroll?
Select correct option:
Selling wages
Time 89
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s)
Quiz Start Time: 11:05 PM
Question # 13 of 15 ( Start time: 11:16:05
Total Marks: 1
PM )
Which of the following is correct?
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Time 88
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s)
Quiz Start Time: 11:05 PM
Question # 14 of 15 ( Start time: 11:17:33
Total Marks: 1
PM )
Gross pay includes which of the following items?
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Time 89
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s)
Quiz Start Time: 11:05 PM
Question # 15 of 15 ( Start time: 11:18:30
Total Marks: 1
PM )
Merrick Differential system uses----------- rates.
Select correct option:
Two
Three
Four
Five
Time 88
Left sec(
s)
Quiz Start Time: 11:21 PM
Question # 1 of 15 ( Start time: 11:21:23
Total Marks: 1
PM )
What will be the impact of normal loss on the overall per unit cost?
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Time 89
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s)
Quiz Start Time: 11:21 PM
Question # 2 of 15 ( Start time: 11:22:48
Total Marks: 1
PM )
FOH absorption rate is calculated by the way of
Select correct option:
Time 90
Left sec(
s)
Quiz Start Time: 11:21 PM
Question # 3 of 15 ( Start time: 11:23:03
Total Marks: 1
PM )
The journal entry of purchse of stock under periodic inventory system would be?
Select correct option:
Inventory to Cash
Cash to Purchases
Purchses to Inventory
Time 87
Left sec(
s)
Quiz Start Time: 11:21 PM
Question # 4 of 15 ( Start time: 11:23:22
Total Marks: 1
PM )
A method by which the good used are priced out at average cost is known as:
Select correct option:
BCVO
AVCO
c.FIFO
LIFO
Time 89
Left sec(
s)
Quiz Start Time: 11:21 PM
Question # 6 of 15 ( Start time: 11:24:56
Total Marks: 1
PM )
Cost accounting department prepares _____________ that helps the in preparing final accounts.
Select correct option:
Cost sheets
Time 90
Left sec(
Quiz Start Time: 11:21 PM s)
100 days
73 days
50 days
10 days
Time 82
Left sec(
s)
Quiz Start Time: 11:21 PM
Question # 8 of 15 ( Start time: 11:26:04
Total Marks: 1
PM )
Opportunity cost is the best example of:
Select correct option:
Sunk Cost
Standard Cost
Relevant Cost
Irrelevant Cost
Time 89
Left sec(
s)
Quiz Start Time: 11:21 PM
Question # 9 of 15 ( Start time: 11:27:07
Total Marks: 1
PM )
Direct material opening inventory add net purchases is called
Select correct option:
Material consumed
Material available for use
Time 85
Left sec(
s)
Quiz Start Time: 11:21 PM
Question # 10 of 15 ( Start time: 11:27:28
Total Marks: 1
PM )
A method by which the first goods to be received are said to be the first to by sold
Select correct option:
LIFO
AVCO
FIFO
WASH
Time 89
Left sec(
Quiz Start Time: 11:21 PM s)
Time 89
Left sec(
s)
Quiz Start Time: 11:21 PM
Question # 12 of 15 ( Start time: 11:28:01
Total Marks: 1
PM )
Which of the following costs is part of the prime cost for manufacturing company?
Select correct option:
Time 89
Left sec(
s)
Quiz Start Time: 11:21 PM
Question # 13 of 15 ( Start time: 11:29:27
Total Marks: 1
PM )
The cost of electricity bill of the factory is treated as:
Select correct option:
Fixed cost
Variable cost
Step cost
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