Q4.A well-known industry has following expenses spent on making the product as fixed cost - $35,00,000, variable cost =$ 450, selling expenses = $ 780. The industry needs various data to estimate the sales of the product. Hence, find (2) Break-even sales quantity (b) break-even sales, (c) If the actual Production Quantity is 85,800 find (i) Contribution (ii) Margin of Safety by Two methods. (3 marks) st Q2.CHOSE THE CORRECT ANSWER (2.5 Marks) i. Name the well-known cost control technique Budgeting (b)inventory control (c)ascertainment (d)allocation cost ii. Name the component of cost estimate factor listed below (a)drafting (b)estimate (c)allocation (d)operation Name the allowance which concentrates on automatic machines (a)Special (b)personal (@)process (d)fatigue iv. Name the cost analysis method which determines from a unit cost (a)Effectiveness (b)allocation (c)overhead (d)factory expenses V. Name the element of cost which accounts for design & drawings (a)Direct Expenses (b)administrative expenses (c)direct cost (d)selling expenses i. iii. iv. V. NKS(2.5 marks) Name the what type of function is cost reduction cost control Name the cost center which performs using continuous operations Triperonal cost Name the cost which is also known as planned cost Standard cost Name the elements of manuafcturing cost which focus on audit fees Administrive Expanse Name the allowance where an operator cannot speed up the process Diest labour cost Q5.An electronics company plans to compare the results of two years as tabulated Year Sales ($) Profit(S) 2019 2,25,000 45,000 2020 3,35,000 60,000 Calculate (i) P/V ratio, (ii) B.E.P, (iii) The sales required to earn a profit of $75,000,(iv) Profit when sales are $ 4,10,000, (v) Margin of safety at a profit of $90,000, (vi) Variable cost of two periods. Q3.A well-known industry manufactures products in two cases. In the former case, time taken is 5 hours and overheads are 36% of labour cost, while in the latter case time is taken for 54minutes but overheads are 273% of labour cost. Material cost is $ 5.5 per piece for both methods and labour charges are $ 1.25 per hour for both methods and direct expenses are $4.75 for both methods. Calculate & Compare the total cost in both the case. (3 marks). Q4.A well-known industry has following expenses spent on making the product as fixed cost - $35,00,000, variable cost =$ 450, selling expenses = $ 780. The industry needs various data to estimate the sales of the product. Hence, find (2) Break-even sales quantity (b) break-even sales, (c) If the actual Production Quantity is 85,800 find (i) Contribution (ii) Margin of Safety by Two methods. (3 marks) st Q2.CHOSE THE CORRECT ANSWER (2.5 Marks) i. Name the well-known cost control technique Budgeting (b)inventory control (c)ascertainment (d)allocation cost ii. Name the component of cost estimate factor listed below (a)drafting (b)estimate (c)allocation (d)operation Name the allowance which concentrates on automatic machines (a)Special (b)personal (@)process (d)fatigue iv. Name the cost analysis method which determines from a unit cost (a)Effectiveness (b)allocation (c)overhead (d)factory expenses V. Name the element of cost which accounts for design & drawings (a)Direct Expenses (b)administrative expenses (c)direct cost (d)selling expenses i. iii. iv. V. NKS(2.5 marks) Name the what type of function is cost reduction cost control Name the cost center which performs using continuous operations Triperonal cost Name the cost which is also known as planned cost Standard cost Name the elements of manuafcturing cost which focus on audit fees Administrive Expanse Name the allowance where an operator cannot speed up the process Diest labour cost Q5.An electronics company plans to compare the results of two years as tabulated Year Sales ($) Profit(S) 2019 2,25,000 45,000 2020 3,35,000 60,000 Calculate (i) P/V ratio, (ii) B.E.P, (iii) The sales required to earn a profit of $75,000,(iv) Profit when sales are $ 4,10,000, (v) Margin of safety at a profit of $90,000, (vi) Variable cost of two periods. Q3.A well-known industry manufactures products in two cases. In the former case, time taken is 5 hours and overheads are 36% of labour cost, while in the latter case time is taken for 54minutes but overheads are 273% of labour cost. Material cost is $ 5.5 per piece for both methods and labour charges are $ 1.25 per hour for both methods and direct expenses are $4.75 for both methods. Calculate & Compare the total cost in both the case