Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can you solve this for me? An amassing association makes a lone thing which sells for 210.5673 per unit and there is amazing interest for

Can you solve this for me?

An amassing association makes a lone thing which sells for 210.5673 per unit and there is amazing interest for the thing. The variable cost of the thing per unit of Direct Material is 56.5783, Direct Labor (4 hours) is 28.3682 and Variable Overhead is 28.3782. The labor force is as of now working at full breaking point. A customer has advanced toward the association with a sales for the gathering extraordinary solicitation at 40382.56.The cost of the solicitation would be 12023.47 for direct material and 800.3728 work hours will be required. Should the solicitation be recognized?

Give all appropriate answers

I. Which of the going with record is unavoidably set up at the hour of disintegrating of the firm

(a) Revaluation A/c

(b) Goodwill A/c

(c) Realization A/c

(d) Memorandum Revaluation A/c

II. Advertisement expenses are alloted among work spaces in the degree of

(a) sales of each office

(b) purchases of each office

(c) no. of units sold by each office

(d) cost of blueprints of each office

III. Creditors record change account is opened in

(a) General Ledger

(b) Debtors Ledger

(c) Creditors Ledger

(d) Either (b) or (c)

IV. Receipts and Payments account is a

(a) Nominal Account

(b) Real Account

(c) Personal Account

(d) Artificial Personal Account

V. A resource guaranteed by the business with help using it for passing on future advantage, is known as

(a) Capital

(b) Asset

(c) Liability

(d) Surplus

VI. Outward Invoice gave is a source report of

(a) Purchase Book

(b) Sales Book

(c) Return Inward Book

(d) Return Outward Book

VII. Which of coming up next is of capital nature?

(a) Commission on purchases

(b) Cost of fixes

(c) Rent of gathering plant

(d) Wages paid for foundation of equipment

VIII. If any stock is taken by a co-venturer, it will be treated as

(a) an pay of the joint undertaking.

(b) an cost of the joint undertaking.

(c) to be pardoned from joint undertaking.

(d) it will be treated in the individual books of the co-venturer.

IX. Contingent hazard would appear

(a) on the hazard side of the Balance Sheet.

(b) on the assets side of the Balance Sheet.

(c) do not showed up in the books of records.

(d) as a note in Balance Sheet.

X. Income clarification of a Charitable Institution is known as

(a) Statement of advantage and disaster

(b) Receipts and Payments Account

(c) Income and Expenditure Account

(d) Profit and Loss Account

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting IFRS

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

4th Edition

1119607515, 978-1119607519

More Books

Students also viewed these Accounting questions

Question

13. Give four examples of psychological Maginot lines.

Answered: 1 week ago