Accounting Mcqs — Test 12
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Question 1
Total depreciation of an asset cannot exceed its:
Question 2
Find the cost of goods sold if goods are sold for 2,000 at 25% profit on cost?
Question 3
A Ltd. Has sales of 2,200, total fixed cost of 570, variable cost of 1,540, raw material consumed of ` 1,100, number of units sold 22,000. What shall be the BEP 9 in units) if raw material price is reduced by 2%?
Question 4
The cost of obsolete inventory acquired several years ago, to be considered in a keep vs. disposal decision is an example of :
Question 5
If the asset turnover and profit margin of a company are 1.85 and 0.35 respectively, the return on investment is.
Question 6
A company is currently operating at 80% capacity level. The production under normal capacity level is 1,50,000 units. The variable cost per unit is ` 14 and the total fixed costs are ` 8,00,000. If the company wants to earn a profit of ` 4,00,000, then the price of the product per unit should be
Question 7
Consider the following data pertaining to the production of a company for a particular month :
Question 8
If the minimum stock level and average stock level of raw material are 4,000 and 9,000 units respectively, find out its reorder quantity.
Question 9
A worker has a time rate of 15/hr. He makes 720 units of component (standard time : 5 minutes/ unit) in a week of 48 hours. His total wages including Rowan bonus for the week is
Question 10
One of the most important tools in cost planning is__________?