Sikkim-Manipal University of Health Medical and Technological Sciences (SMUHMTS) 2007 M.B.A Financial and Management Accounting -university question paper

Advertising discounts allowed & selling costs are Re one per tone. 16,000 tones of commodities were produced during the year.
PRIME Cost is :
a. 2,19,200 b. 3,19,200
c. 1,19,800 d. 4,00,200

15. Work Cost is :
a. 2,67,800 b. 3,67,200
c. 2,67,200 d. 2,37,200

16. Cost of production is:
a. 2,56,000 b. 2,36,000
c. 2,33,000 d. 2,56,600

17. Total Cost is:
a. 2,45,000 b. 2,35,000
c. 3,45,000 d. 2,54,000

18. “ The amount at any provided quantity of output by which the aggregate costs are modifications if the quantity of output is increased or reduced by 1 unit” is called:
a. Absorption b. Marginal Costing
c. Variable Costing d. C.V.P analysis

19. P/V ratio = C/S
a. True b. False

20. Which of the subsequent is accurate.
a. C=s-vc b. C=F+P
c. S=c-vc d. All of the above

21. P/V stands for profit/value ratio.
a. True b. False

22. compute B.E.P from the subsequent figures.
TS = Rs 50,00,000 VC = Rs 2,75,000
N.P.= Rs 1,08,000 BEP= ?
a. Rs. 2,30,000 b. Rs. 2,60,000
c. Rs. 3,00,000 d. Rs. 3,30,000

23. In a B.E. chart, the horizontal axps (x-axis) represents _________ .
a. Cost of production b. Output
c. Input d. Profit

24. Variable Cost = Marginal Cost.
a. actual b. False

25. Which of the subsequent are the advantages of Break – even chart.
a. It helps to determine the selling price to provide a desired quantity of profit.
b. It facilities Inter firm comparison of profitability.
c. It indicates the affect of increase and reduce in selling price.
d. All of the above.

26. Sales - ____________ = Margin of safety
a. Break even point b. Break even sales
c. P/V ratio d. Profit

27. Which of the subsequent heads is not an application of marginal costing.
a. Competition b. Recession
c. Special customer d. None of above

28. F.C = P/V X S – F.
a. actual b. False

29. Which of the subsequent is accurate.

Earning:   Approval pending.