Symbiosis International Education Centre 2006 Post Graduate Diploma Business Administration Management Accounting - Question Paper

d)____ Guaranteed time rate payment is made
Ans. A,c,d
44. select all that apply
various kinds of tenders are :-
a)____ Singly tender
b)____ Multiple tender
c)____ Open tender
d)____ Global tender
Ans. A,c,d
45. select all that apply
From the following, choose intangible assets:-
a)____ Goodwill
b)____ Patents
c)____ Trade Marks
d)____ Investments
Ans. A,b,c
46. select the accurate ans.
choose the cost that shows increased or reduced total cost due to the increased or
reduced quantity of operations :-
a) Differential cost
b) Opportunity cost
c) Sunk cost
d) Variable cost
Ans. A
47. select the accurate ans.
Which of the subsequent aspects are mainly responsible for difficulty in application of
Uniform costing system?
a) Capital investment
b) Plant size
c) Location
d) Loans taken
Ans. A,b,c
48. The _______________________ variance is the difference ranging from the true
variable overhead incurred and the standard variable overhead charged to production.
Variable overhead volume; Total fixed overhead;
Total variable overhead; Variable overhead efficiency
Ans.
49. Accounting is an art of recording, classifying & summarizing in a significant manner.
a) actual
b) false
Ans. A
50. select the accurate ans.
A company manufactures and sells 4 products, viz. A, B, C and D. The details are
as follows : Profit quantity ratio:-Product A- 20%, Product B- 40%, Product C-25%,
Product D-18%; Incremental rupee sale for every Rupee spent on advertisement:-
Product A- Rs.11/-, Product B-Rs.6/-, Product C-Rs.12/-, Product D-Rs.10/-. Amount
of advertisement available is only Rs.5,000/-. On which product should the company
spend this amount of Rs.5,000/-?
a) Product A
b) Product B
c) Product C
d) Product D
Ans.
51 Profitability statement shows the amount of assets & liabilities.
a) actual
b) false
Ans. B
52. select the accurate ans.
compute inventory holding period. Safety stock - 250 units; maximum stock - 6,500
units; re-order volume - 3,800 units and material issued during 2003 is 24,000 units.
a) 66 days
b) 66.9 days
c) 67 days
d) 67.9 days
Ans.
53. Balance sheet shows the expenditure & income from the business.

Earning:   Approval pending.