42 Not yet answered The given table shows the wage expense of Fatima LLC. If the delay in payment of wages is 1/5 months, the wage expense for the month of April will be: Marked out of 1.00 Flag question O a. RO 12260 O b. RO 12520 O c. RO 13800 O d. RO 14,080 Month Wage expenses February 16,000 March 14,600 April 12,000 May 13,300 June 15,800 Question 43 Not yet answered Marked out of 1.00 Flag question When the supply of material and labor required for production is uncertain, which among the following budget is prepared? O a. Flexible budget O b. Cost of production budget Oc. Master budget d. Fixed budget Question 45 Not yet answered Marked out of 1.00 Flag question Which among the following type of accounting measures, analyses and reports financial and non-financial information to aid decision making? O a. Management accounting O b. Financial accounting Oc. Decision accounting O d. Cost accounting Question 46 Not yet answered Marked out of 1.00 Flag question Which of the following decisions are not covered in managerial reporting? O a. Purchase policy O b. Capacity utilization O c. None of the listed options O d. Buy or make a component part Question 47 Not yet answered Marked out of 1.00 Flag question Which among the following is an example of tangible resource? O a. Employee competence O b. License O c. Company's brand image Od. Company's goodwill Question 48 Not yet answered Marked out of 1.00 Flag question Al Sahar LLC develops and sells computer games. Based on the market research done at the beginning of the year, the company estimates the selling price of the computer game as RO 25. The company wants a profit margin of 25% on sales. Given below is the estimated cost per unit of manufacturing the product: Material cost RO 3.500, Labour cost RO 5.250, Set ups RO 3.000, Administrative costs RO 4.250, Inspection and testing RO 2.000, Selling and distribution costs RO 3.500. The Target Cost and the Cost Gap is: Target Cost RO 18.750 and Cost Gap RO 2.500 O b. Target Cost RO 18.750 and Cost Gap RO 2.750 Oc Target Cost RO 21.500 and Cost Gap RO -2.750 Od. Target Cost RO 21.500 and Cost Gap is zero Question 49 Not yet answered Marked out of 1.00 Flag question When one product is under-costed, another product is over-costed because: O a. Total amount of overhead varies with cost allocation O b. Total amount of overhead remains unchanged O c. Overhead costs contribute to a smaller share of total expenses O d. Overhead costs contribute to a larger share of total expenses Question 50 Not yet answered Marked out of 1.00 Flag question Identify the false statement related to elements of budgeting: O a. Good system of accounting should be maintained O b. Availability of working capital should be ensured O c. System of reporting should be made optional Od. Authority and responsibility should be properly fixed