MC080401288 : Afraz Ahmed
Quiz Start Time: 07:37 PM
Time Left 90
sec(s)
Question # 1 of 10 ( Start time: 07:37:45 PM ) Total Marks: 1
__________ is the time worked over and above the employee's basic working week.
Select correct option:
Flex time
Overtime
Shift allowance
Commission
MC080401288 : Afraz Ahmed
Quiz Start Time: 07:37 PM
Time Left 89
sec(s)
Question # 2 of 10 ( Start time: 07:38:19 PM ) Total Marks: 1
All Indirect cost is charged/record in the head of
Select correct option:
Prime cost
FOH cost
Direct labor cost
None of the given options
MC080401288 : Afraz Ahmed
Quiz Start Time: 07:37 PM
Time Left 89
sec(s)
Question # 3 of 10 ( Start time: 07:39:10 PM ) Total Marks: 1
Which of the following best describes the manufacturing costs?
Select correct option:
Direct materials, direct labor and factory overhead
Direct materials and direct labor
Direct materials, direct labor, factory overhead, and administrative overhead
Direct labor and factory overhead
MC080401288 : Afraz Ahmed
Quiz Start Time: 07:37 PM
Time Left 90
sec(s)
Question # 4 of 10 ( Start time: 07:39:28 PM ) Total Marks: 1
If, Gross profit = Rs. 40,000 GP Margin = 25% of sales What will be the value of cost of goods sold?
Select correct option:
Rs. 160,000
Rs. 120,000
Rs. 40,000
Can not be determined
MC080401288 : Afraz Ahmed
Quiz Start Time: 07:37 PM
Time Left 90
sec(s)
Question # 5 of 10 ( Start time: 07:39:41 PM ) Total Marks: 1
Byer produced 20,000 units and their total factory cost was Rs. 450,000,other cost like property tax on factory bulding was Rs. 10,000 included in that cost till year ended the cost of per unit would be:
Select correct option:
Rs.22.5
Rs.23.5
Rs.24.5
Rs.26.5
MC080401288 : Afraz Ahmed
Quiz Start Time: 07:37 PM
Time Left 89
sec(s)
Question # 6 of 10 ( Start time: 07:40:29 PM ) Total Marks: 1
The abbreviation LIFO is:
Select correct option:
Large integrated financial organization
Least interesting financial option
Last-in-First-out method
None of the given options
MC080401288 : Afraz Ahmed
Quiz Start Time: 07:37 PM
Time Left 89
sec(s)
Question # 7 of 10 ( Start time: 07:40:54 PM ) Total Marks: 1
Closing work in process Inventory of last year:
Select correct option:
Is treated as Opening inventory for current year
Is not carried forward to next year
Become expense in the next year
Charge to Profit & Loss account
MC080401288 : Afraz Ahmed
Quiz Start Time: 07:37 PM
Time Left 89
sec(s)
Question # 8 of 10 ( Start time: 07:41:11 PM ) Total Marks: 1
Differential cost has the behavior of ?
Select correct option:
Fixed cost
Step cost
Variable/semi avriable cost
All of the given options
MC080401288 : Afraz Ahmed
Quiz Start Time: 07:37 PM
Time Left 90
sec(s)
Question # 9 of 10 ( Start time: 07:42:31 PM ) Total Marks: 1
If, COGS = Rs. 70,000 GP Margin = 30% of sales What will be the value of Sales?
Select correct option:
Rs. 200,000
Rs. 66,667
Rs. 100,000
Rs. 62,500
MC080401288 : Afraz Ahmed
Quiz Start Time: 07:37 PM
Time Left 90
sec(s)
Question # 10 of 10 ( Start time: 07:42:47 PM ) Total Marks: 1
Overtime that is necessary in order to fulfill customer orders is called:
Select correct option:
Avoidable overtime
Unavoidable overtime
Premium Overtime
Flex time
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