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Cost n Management

Cost n Management

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Published by Khurram Nadeem

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Published by: Khurram Nadeem on Nov 17, 2009
Copyright:Attribution Non-commercial


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PVC company has ordering quantity 10,000 units.They have storage capacity 20,000 units,Theaverage inventory would be:
Select correct option:
Cost volume Profit analysis (CVP) is a behavior of how many variables?
Select correct option:
Gross pay less deductions represents all except:
Select correct option:
Net pay Take home pay Total payOther income
Which of the following manufacturers is most likely to use a job order cost accounting system?
Select correct option:
A soft drink producerA flour millA textile millA builder of offshore oil rigsWhich of the following best describes piece rate system?
Select correct option:
 The increased volume of production results in decreased cost of production The increased volume of production in minimum timeEstablishment of fair standard ratesHigher output is a result of efficient managementA company has calculated that volume variance for a given month was unfavorable. This couldhave been caused by which of the following factors?
Select correct option:
 The number of rejected units was higher than normalMachine breakdowns were higher than normalDelays were experienced in the issuing of material to productionAll of the given options
 The difference over the period of time between actual and applied FOH will usually be minimalwhen the predetermined overhead rate is based on:
Select correct option:
Normal capacityDesigned capacityDirect Labor hoursMachine hours
Which of the following is sales force payroll incentive?
Select correct option:
CommissionShift allowanceOver time paymentBonus
At the end of the accounting period, a production department manager submits a productionreport that shows all of the following EXCEPT:
Select correct option:
Number of units in the beginning work in processNumber of units soldNumber of units in the ending work in process and their estimated stage of completionNumber of units completed
High labor turnover is NOT desirable because:
Select correct option:
It denotes the instability of the labor forceIt is an indication of high labor costIt shows frequent changes in the labor forceAll of the given options
 The main purpose of cost accounting is to
Select correct option:
Maximize profitsHelp in inventory valuationProvide information to management for decision makingAid in the fixation of selling price
 The Economic order quantity can be calculated by:
Select correct option:
Formula Method Table MethodGraph MethodAll of the given
Byer produced 20,000 units and their total factory cost was Rs. 450,000,other cost likeproperty tax on factory bulding was Rs. 10,000 included in that cost till year ended the cost of per unit would be:
Select correct option:

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