Please skip if you are not 100% sure. Give calculation and reasons for all the questions!

1.

Nicolas Company works a retail store and ought to choose the authentic December, long haul end aggregation for the going with costs:

The store lease calls for fixed rent of P10,000 every month payable close to the beginning of the month.

Additional rent identical to 6% of net arrangements over P2,000,000 every year payable on January 31 of the following year. Net arrangements for 2015 amounted to P8,000,000.

The component has a certified property subject to veritable nearby charge. The city's monetary year runs July 1 to June 30 and the obligation overviewed at 3% of authentic property accessible is payable on June 30, 2016.

The component evaluated that the certified nearby energize will add to P60,000 for the city's monetary year completing June 30, 2016.

On December 31, 2015, what whole should be represented as assembled costs?

a. 516,000

b. 390,000

c. 510,000

d. 396,000

2. Puran Company reported account for the significant length of January 2015 as follows:

Outright wages 500,000

Yearly evaluation held 60,000

All wages paid were reliant upon SSS.

The SSS charge rates were 7% each for specialist and business.

Puran communicates account charges on the fifteenth of the following month.

In the monetary rundowns for the month completed January 31, 2015,

What whole should be represented independently as supreme money charge hazard and account charge cost?

a. 60,000 and 70,000

b. 95,000 and 70,000

c. 95,000 and 35,000

d. 130,000 and 35,000

3.

Yuvani Company works a retail store. Everything is offered reliant upon a 12% worth added charge, which the component assembles and records as arrangements pay. The component records quarterly arrangements cost structures when due by the twentieth day following the completion of the business quarter.

Regardless, according to state requirements, the substance dispatches regard added charge accumulated by the twentieth day of the month following any month such arrangements outperform P50,000. The substance acknowledges these portions as credits on quarterly arrangements appraisal structures. The value added charges paid by the component are charged against bargains pay.

Following is a month to month layout appearing in the chief quarter 2015 arrangements pay account:

Charge

Credit

January

-

560,000

February

60,000

392,000

Walk

-

448,000

On March 31, 2015, what entirety should be represented as worth added charges payable?

a. 150,000

b. 168,000

c. 108,000

d. 90,000

4. Idle constraint of a plant is the differentiation between:

a. Maximum limit and conventional breaking point

b. Practical limit and run of as far as possible

c. Practical breaking point and cutoff subject to bargains trust

d. Maximum cutoff and genuine breaking point.

5. When P/V extent is 40% and bargains regard is '10,000, the variable cost will be

a. ' 4000

b. ' 6000

c. ' 10000

d. Variable Cost can't be resolved from data given.

6. The forex some portion of imported material cost is changed over

a. At the rate on the date of settlement

b. At the rate on the date of trade

c. At the rate on date of movement

d. None of the previously mentioned.

7. Maximum possible useful constraint of a plant when no functioning time is lost , is its

a. Practical limit

b. Theoretical limit

c. Normal limit

d. Capacity reliant upon bargains trust

8. When creation is underneath standard detail or quality and can't be reviewed by achieving additional cost, it is called

a. Defective

b. Spoilage

c. Waste

d. Scrap

9. Selling and movement overhead prohibits:

a. Cost of warehousing

b. Repacking cost

c. Transportation cost

d. Demurrage charges.

10. When additional time is required for meeting desperate orders, extra time premium should be

a. Charged to Costing Profit and Loss A/c

b. Charged to overhead costs

c. Charged to specific positions

d. None of the previously mentioned.