The total cost incurred in the operation of a business undertaking other than the cost of manufacturing and production is known as________? April 20, 2025 by admin A. Direct cost B. Variable cost C. Commercial cost D. Conversion cost
Consider the following data for a company during the month of June 2012 Budgeted hours 4,000 Standard hours for actual production 4,400 Maximum possible hours in the budget period 4,800 Actual hours 3,800 The activity ratio of the company during the month is April 20, 2025 by admin A. 111% B. 120% C. 95% D. 117%
Which of the following bases is not appropriate for apportionment of Transport department‘s cost ? April 20, 2025 by admin A. Crane hours B. Crane value C. Truck Mileage D. Truck value
The cost of obsolete inventory acquired several years ago, to be considered in a keep vs. disposal decision is an example of : April 20, 2025 by admin A. Uncontrollable cost B. Sunk cost C. Avoidable cost D. Opportunity cost
Budgeted sales for the next year is 5,00,000 units. Desired ending finished goods inventory is 1,50,000 units and equivalent units in ending W-I-P inventory is 60,000 units. The opening finished goods inventory for the next year is 80,000 units, with 50,000 equivalent units in beginning W-I-P inventory How many equivalent units should be produced? April 20, 2025 by admin A. 5,80,000 B. 5,50,000 C. 5,00,000 D. 5,75,000 Explanation:Using production related budgets, units to produce equals…
If the asset turnover and profit margin of a company are 1.85 and 0.35 respectively, the return on investment is. April 20, 2025 by admin A. 0.65 B. 0.35 C. 1.50 D. 5.29
A company is currently operating at 80% capacity level. The production under normal capacity level is 1,50,000 units. The variable cost per unit is ` 14 and the total fixed costs are ` 8,00,000. If the company wants to earn a profit of ` 4,00,000, then the price of the product per unit should be April 20, 2025 by admin A. 37.50 B. 38.25 C. 24.00 D. 35.00
Consider the following data pertaining to the production of a company for a particular month : April 20, 2025 by admin A. 65,025 B. 94,287 C. 95,020 D. 1,52,624
If the minimum stock level and average stock level of raw material are 4,000 and 9,000 units respectively, find out its reorder quantity. April 20, 2025 by admin A. 8,000 units B. 11,000 units C. 10,000 units D. 9,000 units
A worker has a time rate of 15/hr. He makes 720 units of component (standard time : 5 minutes/ unit) in a week of 48 hours. His total wages including Rowan bonus for the week is April 20, 2025 by admin A. 792 B. 820 C. 840 D. 864
