(a) Huliana Ltd produces a thing Sun fire light fans for which the association has an ensured market. The yield for 2001 has been arranged at 2,10,000 units at 80.675% breaking point use.

(')

Selling price 500

Less: Direct matrial 205

Part X 54

Direct work @ '490 for each hour 96

Creation line overheads (60.67% fixed)65

Selling overheads (70.90% variable) 30

Administrative overheads (100% fixed) 10

Creation line overheads are ingested on direct work hour premise.

Section X can be brought from outside market at ' 26 for every unit with least solicitation of 78,000 units for each annum.

To utilize as far as possible and improve the profitability of the association, the going with independent suggestions were set up before the directorate of the association:

(A) A demand has been gotten from abroad for 48,784 units of thing RIO 466 for every unit. Solicitation can't be recognized deficiently. The cost data is: Direct material

' 239 for every unit, direct wok 346 hours for each unit, variable preparing plant overheads are chargeable dependent on direct work hours. Variable selling overheads will increase by ' 2 for each unit.

(B) Rent out as far as possible at ' 6 consistently.

(C) Manufacture part Z which has an ensured market. Association can sell many units conveyed. Each unit of section Z requires 0.40 direct work hour and will deliver a responsibility of ' 2.5068 per unit.

2. Investigation is required when

a. Fraud is suspected in business

b. On procurement of running business

c. All of them

3. Which among coming up next is certifiably not a privilege of organization evaluators

a. Right to get to the book accounts

b. Right to look for clarifications

c. Right to lies on books of records

4 Test checking is done when there is a compelling arrangement of -

a. Internal control

b. Internal review

c. Internal check

5. Test checking implies

a. Checking, everything being equal,

b. Checking of half of the exchanges

c. Checking of chose things

61. Audit working papers are - -

a. Important data about review

b. Appointment letters in regards to review

c. Letter of notice

7 Current review record comprises of

a. Matters of future significance

b. Matters relations to post years

c. Matters identifying with the time of review

9 begins where bookkeeping closes

a. Bookkeeping

b. Auditing

c. Internal check

10audit is mandatory for business entities

a. Statutory

b. Final

c. Continuous