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

a) Rs.500/-
b) Rs.600/-
c) Rs.700/-
d) Rs.800/-
Ans.
41. select the accurate ans.
At a break even point of 400 units, the variable costs are Rs.400/- and the fixed costs are Rs.200/-. What will the 401st unit sold contribute to profit?(
a) Re.0
b) Re.0.50
c) Re.1.00
d) Rs.1.50
Ans.
42. Factory rent is a direct cost to the factory as a whole but indirect to the production departments
a.true
b.false
Ans.
43 The difference ranging from sales and margin of safety is equal to budgeted sales.
a.true
b.false
Ans.
44. select all that apply.
The factors which influence the selection of the method for absorption of overheads are a) ____ kind of industry
b) ____ Nature of products
c) ____ Manufacturing process
d) ____ Demand for products
Ans.
45. The difference ranging from sales and cost of sales is termed as Gross profit,net profit,operating margin,contribution margin
Ans.
46. Under time rate system a worker is paid on the basis of production achieved by him in a provided time.
a) actual
b) false
Ans.
47. . Piece rate system is suitable when quality of goods produced is of extreme importance
a. actual
b.false
Ans
48. P&L statement which is a period statement & relates to a certain period tells about outcomes of operations.
A.true
b.false
Ans.
49 select the accurate ans
compute the machine hour rate. The amount of overhead pertaining to June, 2004 to be apportioned is Rs.170,010/-. The machine cannot work without an operator. During the month June, 2004 the machine operator has been paid for 5,670 hours.
a) Rs.29.98
b) Rs.30/-
c) Rs.30.98
d) Rs.29/-
Ans.
50. select the accurate ans
Net sales Rs,7,50,000/-, opening stock Rs.1,14,375/-, purchases Rs.483,375/- and closing stock Rs.1,47,750/-. compute the Gross Profit.(not over)
a) Rs.233,250/-
b) Rs.232,250/-
c) Rs.3,00,000/-
d) Rs.350,000/-
Ans.
51. select the accurate ans.
XYZ Ltd. has set up the subsequent standards for variable production overheads : standard hours per unit -3 hours; standard variable overhead per hour -Rs.10/-. The true data for the month is as follows : true variable overheads incurred Rs.620,000/-; true output -20,000 units and true hours worked- 54,000 hours. obtain variable overheads cost variance.

Earning:   Approval pending.