Question
Confused in the below mentioned question, please help with working notes and clarrifications for all the questions! (i) Kristina Company gave the 2015 monetary reports
Confused in the below mentioned question, please help with working notes and clarrifications for all the questions!
(i) Kristina Company gave the 2015 monetary reports on March 1, 2016. The substance gave the going with data to the year completed December 31, 2015:
Aggregate owing to another substance for organizations conveyed during
December 2015 300,000
Evaluated long assistance leave inferable from laborers in respect of past organizations 1,200,000
Evaluated cost of moving a delegate from head office to a branch around there (specialist will genuinely relocate in January 2016) 100,000
Evaluated cost of redesiging machine predictably 150,000
What entirety should be seen as plan on December 31, 2015?
a. 1,200,000
b. 1,300,000
c. 1,600,000
d. 1,750,000
(ii) A component is closing one of its functioning divisions, and the conditions for causing revamping game plan to have been met.
The end will happen in the chief quarter of the accompanying financial year.
At the current year-end, the component has detailed the customary game plan openly and us registering the revamping course of action.
Which of the going with costs should be associated with the modifying plan?
a. Retraining staff continuing to be used
b. Relocation costs relating to staff moving to various divisions
c. Lawfully required costs of leaving staff being made redundant from the division being closed
d. Future working disasters of the division being closed everything down date of end
(iii). Statement appearance discrete of costs is known as
(A) Cost sheet
(B) Tender
(C) Production account
(D) Statement of advantage
(iv). Which one is connected with cash related records at any rate not in cost accounts?
(A) Royalty
(B) Dividend paid
(C) Excise duty
(D) Carriage and payload
(v). Which of the going with term is stayed away from the business records?
(A) Income charge
(B) Interest on debenture
(C) Cash rebate
(D) All of the as of late referred to
(vi). Variable costs are fixed
(A) depend upon the substance
(B) for a period
(C) per unit
(D) for a particular illustration of creation
(vii). Costs are referenced into fixed costs, variable costs and semi-variable costs, it is known as
(A) Behavioural gathering
(B) Classification as shown by controllability
(C) Functional gathering
(D) Element quick portrayal
(viii). The head support cost accounting is to
(A) maximize advantage
(B) inventory valuation
(C) provide information for dynamic.
(D) fixation of selling cost
(ix). Process cost is a colossal heap of material in
(A) Construction industry
(B) Pharmaceutical industry
(C) Airline connection
(D) Printing industry
(x). All monstrosity costs are named as
(A) Prime cost
(B) Factory cost
(C) Conversion cost
(D) Overheads
(xi) The worth of an asset ensuing to deducting depreciation from the unquestionable cost is known as
(A) Fair regard
(B) Market regard
(C) Net doable worth
(D) Book regard
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