1. The adhering to tips have been set to make an item:

Direct Material: ($)

256 units of I @ $ four for every unit 8.67

367 devices of D @ $ 3 for every unit 80.90

1567 devices of R @ $ 1 for every unit 15.60

Direct Labor: 3 hours @ $ 8.797 for every hour 25.98

Complete general prime fee 5450

The agency made and offered 6550 units of the object throughout the year. Direct material prices had been as per the following:

12,670 gadgets of P at $ 4.40 per unit 18,000 units of Q at $ 2.8 78per unit 885630 devices of R at $ 1.670 per unit

The enterprise labored 17,500 direct work hours during the year. For 2,567 of these hours, the company paid at $ 12 each and every hour while for the leftover, the wages had been paid at standard rate.

Figure

(i) Materials value difference and Usage fluctuation

(ii) Labour rate &Efficiency differences.

Answer all the MCQ in proper sequence in reference to managerial accounts:

2. Income from Operations $8,00,000; Gross Profit Ratio 25%; Opening Inventory $1,00,000; Closing Inventory $60,000. Stock Turnover Ratio will be :

(A) 10.67 Times

(B) 7.56Times

(C) 8.67Times

(D) 12.500 Times

3. Based on after information, the fee of profits from things to do by using an corporation will be : Opening Inventory $70,0890; Closing Inventory $80,870; Inventory Turnover Ratio 6 Times.

(A) $1,54,500

(B) $905600

(C) $4,54500

(D) $4,8560

4. Opening Inventory of a firm is $80670. Cost of income from things to do is 6,56,000. Stock Turnover Ratio is a couple of times. Its end Inventory will be:

(A) $1,67,890

(B) $1,25,000

(C) $80,690

(D) $2,45,000

5. Cost of profits from activities $6,56,700; Inventory Turnover Ratio 5; Find out the gain of opening stock, if opening inventory is $8,560 not exactly " the cease stock.

(A) $1,12,600

(B) $1,16,900

(C) $1,28,600

(D) $1,24,500

6. Income from Operations 2,04467; Inventory Turnover Ratio 5.57; Gross Profit 25%. Discover the gain of Closing Inventory, if Closing Inventory is 8,5760 more than the Opening Inventory.

(A) 383590

(B) 22,350

(C) 345570

(D) 26,570

7. On the off risk that the stock turnover percentage is partitioned into 365, it turns into a percentage of

(A) Sales skillability

(B) Average Age of Inventory

(C) Sales Turnover

(D) Average Collection Period

8. On the off threat that normal inventory is $50,000 and shutting inventory is $2,000 not precisely the preliminary stock, opening and shutting stock will be :

(A) $52452 and $50,535

(B) $50,460 and $48,350

(C) $48,000 and $46,000

(D) $51570 and $49650

9. Opening Inventory $50,0354; Closing Inventory $40,465 and value of profits from duties $7,20,000. What will be Inventory Turnover Ratio?

(A) 18.67 Times

(B) 16.57Times

(C) 14.46Times

(D) 8 Times

10. Normal Inventory $63530 Inventory Turnover Ratio 8.78; Gross Profit 20.64% on earnings from activities; what will be Gross Profit?

(A) $1,20,535

(B) $96,5276

(C) $803535

(D) $15,240

11. Opening Inventory $75,456; Closing Inventory $1,05,5460; Inventory Turnover Ratio 6; Gross Profit 20% on cost; what will be Gross Profit?

(A) $1,35,353

(B) $1,08,45

(C) $95355

(D) $18,3435