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  • Spring 2009 - MGT402 - 1 - SOL

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    tanveerahmd
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    This document contains 20 multiple choice questions with their corresponding answers. The questions cover various accounting and business-related topics such as direct materials, inventory, economic order quantity, overhead absorption, relevant costs, and work-in-process accounting. The correct answers to all of the questions are also provided.

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    Spring 2009_MGT402_1_SOL

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    This document contains 20 multiple choice questions with their corresponding answers. The questions cover various accounting and business-related topics such as direct materials, inventory, economic order quantity, overhead absorption, relevant costs, and work-in-process accounting. The correct answers to all of the questions are also provided.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    12 views1 page

    Spring 2009 - MGT402 - 1 - SOL

    Uploaded by

    tanveerahmd
    This document contains 20 multiple choice questions with their corresponding answers. The questions cover various accounting and business-related topics such as direct materials, inventory, economic order quantity, overhead absorption, relevant costs, and work-in-process accounting. The correct answers to all of the questions are also provided.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Question Correct

    No option Detail
    1 D Direct materials
    2 D There will be no ending Inventory
    3 D First to be allocated to the cost of good sold
    4 D 81,000
    5 C Acceptable customer service at low capital investment
    6 B Economic Order Quantity
    7 A Ordering cost is equal to carrying cost
    8 B Overhead was under-absorbed by Rs.7,920
    9 B Rs. 17.50
    10 C Provide information to management for decision making
    11 D All of the given options
    12 D None of the given options
    13 D Analyzing the data
    14 D Salary of a marketing manager
    15 A Decision making
    16 C Relevant Cost
    17 B Rs. 160,000
    18 A Opening finished goods units + Units produced – Closing finished goods units =
    19 B Abnormal Loss
    20 B Work in process account

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