A. 0.65
B. 0.35
C. 1.50
D. 5.29
Correct Answer: 0.65 ✔
Last Updated: August 21, 2020
Related MCQs
- Find the cost of goods sold if goods are sold for 2,000 at 25% profit on cost?
- A Ltd. Has sales of 2,200, total fixed cost of 570, variable cost of 1,540, raw material consumed of ` 1,100, number of units sold 22,000. What shall be the BEP 9 in units) if raw material price is reduced by 2%?
- One of the most important tools in cost planning is__________?
- 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
- 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.
- Consider the following data pertaining to the production of a company for a particular month :
- 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
- 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?
- The cost of obsolete inventory acquired several years ago, to be considered in a keep vs. disposal decision is an example of :
- Which of the following bases is not appropriate for apportionment of Transport department‘s 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
- The total cost incurred in the operation of a business undertaking other than the cost of manufacturing and production is known as________?
- Costs that change in response to alternative courses of action are called__________?
- An average cost is also known as________?
- When production is equal to sales, which of the following is TRUE?
- Which English alphabet is similar to the shape of an account?
- The most common imprest system is the ________ system?
- A cash book with cash, bank and discount column is commonly referred as________?
- Introduction capital by owner of business is recorded on which side of a cash book?
- Cash discount is allowed on _______ repayment of debt.
- Payment of rent expenses is recorded on which side of cash book?
- Drawings by owner of business are generally recorded on which of the following side of a cash book?
- A cash book that is used to record the small payments of cash is generally referred as_________?
- Postage stamps on hand are considered as_________?
- Purchase of office equipment for cash will be recorded on which of the following sides of a cash book?
- A simple or one column cash book usually has which of the following main columns?
- Cash book with cash and discount column is mostly referred as________?
- Which of the following is generally not the party to a check?
- Postdated checks are considered as__________?
- Petty cash fund is supposed to be replenished?
- A credit balance in cash book indicates?
- The closing balance of petty cash book is considered as_________?
- Discount received is recorded on which of the following side of a cash book?
- Cash book is prepared by__________?
- Cash book records:__________?
- An entry which is made on both sides of a cash book is called__________?
- $5000 deposited in bank account was entered twice in the cash book. Identify the correct adjustment in cash book.
- A company was entered in hire purchase agreement and had to pay $1000 per month. Three payments were made via bank account but no entry was found in cash book. Identify the correct adjustment in cash book
- Balance as per cash book(adjusted.=$1000, Unpresented checks=$2000, Uncredited checks=$500, Deposit in transit=$500. Compute the balance as per bank statement.
- Favorable balance of bank statement implies that
- _________ Checks that are presented to bank but not yet credited by the bank.
- Which of the following error results in unadjusted cash book balance?
- In bank reconciliation statement the amount of outstanding checks is added to ________ balance of cash book.
- Bank sent debit advice of $500 to company being interest on overdraft. It wasn’t entered in cash book. Identify the correct adjustment in cash book.
- __________ are checks that are issued by the business but not yet presented to bank
- Uncollected checks also referred as__________?
- Standing orders are ________
- A discount of $2000 was given to a supplier on his prompt repayment of debt but the cashier entered the gross amount in cash book. What should be the adjustment in cash to work out the correct balance of cash book?
- Unpresented checks also referred as__________?
- In the Bank reconciliation statement “Deposit in transit” is usually:
- Bank reconciliation statement is the comparison of a bank statement (sent by bank) with the _________ (prepared by business).