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

18. select the accurate ans.
A manufacturer is producing alloy for which standard mix is 25% copper and 75%
iron. Standard price for copper is Rs.80/- per kg. and for iron Rs.20/- per kg. 20% of
input is standard loss. true output is 8,000 kg. of alloy using 2,000 kg of copper at
Rs.90/- per kg. and 9,000 kg of iron at Rs.15/- per kg. compute the standard cost of
copper.
a) Rs.200,000/-
b) Rs.150,000/-
c) Rs.350,000/-
d) Rs.180,000/-
Ans. c
19. select all that apply
Cost control procedure deals with :-
a)____ Establishment of plans
b)____ calculation of profit
c)____ Comparison of true and planed performance
d)____ calculation of variance
Ans. A,c,d
20. In computation of total sales margin variance, the ____________ cost of sales is
deducted from the true sales revenue.
Standard; Planned; Scheduled; true
Ans. Standard
21. select the accurate ans.
The gross profit for the year 2004 is Rs.184,326/-. The depreciation on furniture for
the year is Rs.24,561/-; dividend received amounted to Rs.12,000/- and the director's
remuneration worked out to be Rs.95,784/-. obtain the net profit for the year 2004.
a) Rs.75,980/-
b) Rs.75,981/-
c) Rs.63,980/-
d) Rs.51,981/-
Ans. B
22. select the accurate ans.
Standard time needed for a job is 10 hours, i.e.10 X 60 = 600 'Bs'. The worker has
truly completed the job in six hours, i.e.6 X 60 = 360 'Bs'. Time wage rate is Rs.20/-
per hour. Bonus is shared ranging from the worker and the foreman in the ratio of 3:1.
compute total earning of the worker as per Bedeaux Point System.
a) Rs.120/-
b) Rs.160/-
c) Rs.180/-
d) Rs.200/-
Ans. c
23. Profitability statement shows the amount of assets & liabilities.
a) actual
b) false
Ans. B
24. select all that apply
true costs determined on the basis of costing records maintained have subsequent
limitations :-
a)____ No practical utility from control point of view
b)____ No practical utility for price fixation
c)____ Expensive
d)____ Very difficult to understand
Ans. A,b,c
25. Depreciation under Reducing Balance Method is computed as (Number of units *
Rate of depreciation per unit).
a) actual
b) false
Ans. B
26. select all that apply
Features of convention of conservation are :-

Earning:   Approval pending.