Accounting Mcqs - Page 2 of 39

Opening stock of raw material 11,570
Closing stock of raw material 10,380
Purchase of raw material during the month 1,28,450
Total manufacturing cost charged to product 3,39,165
Factory overheads are applied at the rate of 45% of direct labour cost.
The amount of factory overheads applied to production is
A. 65,025
B. 94,287
C. 95,020
D. 1,52,624

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

If the asset turnover and profit margin of a company are 1.85 and 0.35 respectively, the return on investment is.

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……..?

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