Problem 1:

In a gathering unit of Alexion overhead was recovered at a predestined speed of Rs. 30.567 each man-day. The total mechanical office overhead achieved and the man-days truly worked were Rs. 5,20,167 and 12,546 independently.

Out of the 41946 units made during a period, 33573 units were sold. There were furthermore 39363 uncompleted units which may be figured at 60.345% complete.

On researching the reasons, it was found that 51.9323% of the unabsorbed overheads were a direct result of lacking masterminding and the rest were inferable from extended overhead costs. How should unabsorbed overhead be treated in Cost Accounts?

Problem 2: provide all answers with explanation of reasons.

I. In which of the going with procedures, issue of materials are esteemed atpre-chosen rate?

(A) Specific esteem strategy

(B) Standard esteem strategy

(C) Inflated esteem strategy

(D) Replacement esteem strategy

II. The showing of going round the creation shop to note down the headway of work and analysis the information is known as

(A) Dispatching

(B) Routing

(C) Follow up

(D) Trip card

III. Maximum possible gainful restriction of a plant when no working time is lost is its

(A) Normal limit

(B) Practical limit

(C) Theoretical limit

(D) Capacity reliant on bargains expectation

IV. In work costing, which of the going with reports is used to record the issue of direct materials to an undertaking?

(A) Goods Receipt Note

(B) Purchase Order

(C) Purchase Requisition Note

(D) Material Requisition Note

V. The guideline explanation behind accounting of joint things and results is to

(A) determine the advantage/mishap on each item offering.

(B) determine the selling cost.

(C) comply with the lawful requirements.

(D) identify the cost and weight it on the crucial thing.

VI. Number of item assortments that can be fabricated in Mass creation is

(A) one as it were.

(B) few assortments in enormous volume.

(C) two as it were.

(D) large assortments in little volumes.

VII. Identify which one of coming up next isn't the objective of the help:

(A) To keep all creation workplaces and collaborated workplaces in an ideal working condition.

(B) To ensure decided exactness to things and time schedule of transport to customers.

(C) To hold the excursion of the machine at the best.

(D) To keep the creation cycle inside the predefined reach.

VIII. With reference to the characteristics of a respectable thing plan, which one of coming up next is suggested "the effortlessness of creation with lowest cost"?

(A) Reliability

(B) Productibility

(C) Specification

(D) Simplification

IX. For reducing the work cost per unit, which of the going with components is the most huge?

(A) Low wage rates

(B) Longer significant stretches of work

(C) Higher input-yield extent

(D) Strict control and oversight

X. In an association diagram, the development that ought to be done before the start of an activity is called as

(A) Successor development

(B) Predecessor development

(C) Concurrent development

(D) Dummy development