on 9 et ered d out of The difference between sales and marginal cost is_ a. Fixed Cost O b. Profit C. Sales price O d. Contribution . on 10 Under which of the following inventory control system, balance of inventory in hand are calculated on a continuous basis. a. Periodic Inventory System O b. Annual Stock recording system C. Perpetual inventory system out of O d. All of these 11 d out of Opening stock of raw materials OMR 4,000, closing stock of raw materials OMR 4,000, raw material purchased OMR 3,000, wages paid to labourers OMR 1300, direct expenses OMR 2,00, Office rent, rates and taxes OMR 5,00, factory power OMR 4,00, factory insurance OMR 1,000, selling overhead OMR 1200. Compute works cost. a. OMR 6400 b. OMR 7400 O c. OMR 5900 O d. None of these - 12 What type of efficiency rating procedure deals with the science of eliminating wastefulness resulting from il-directed and inefficient motions? ed out of a. Time study O b. Job analysis O c. Motion study O d. Job evaluation Question 13 Not yet answered Marked out of 1.00 A segment of an organisation for which both cost, as well as profit are traced is called a. Cost centre O b. Cost unit O c. Profit centre O d. Cost Flag question Question 14 Not yet answered Marked out of 1.00 Which of the following overhead expense is a controllable overhead by management action? a, Idle time labour cost b. Insurance C. None of these O d. Rent and rates Flag question Question 15 Not yet answered Marked out of 100 Flag question Calculate the value of the closing stock from the following according to the FIFO method: 1st January 2021: Opening balance: 50 units @ OMR. 4 Recept: 5th January 2021: 100 units @ OMR5 12th January 2021: 200 units OMR 4,500 Issues 2nd January, 2021: 30 units 18th January 2021: 150 units O a OMR 786 O b. OMR 700 O COMR 805 O d. OMR 765