Question 12 Not yet answered Marked out of 100 Which account is debited when there is an abnormal toss related with material cost? O a Costing profit and loss Alc b. Factory overhead A/ c. Raw material inventory A/c Od. Work in progress Alc Flag question Question 13 Not yet answered Marked out of 1.00 An organisation manufactures a single product. The total variable cost of making 4,000 units is OMR 20,000. What is the variable cost per unit of the product? O a OMR 5.000 O b. OMR 2.000 O c. OMR 0.200 Flag question d. OMR 4,800 Question 14 Not yet answered Marked out of 1,00 Flag question Following data is given Direct Expenses OMR10,000 Direct wages OMR 30,000 Direct materials OMR 10,000 Indirect wages are 50% of direct wages, indirect materials are 50% of direct materials and indirect expenses are 100% of direct expenses. Compute the Works Cost from the above data O a 50,000 Ob, 80,000 O c. 65,000 O d. 130,000 Question 17 Not yet answered Marked out of 1.00 Flag Question Which of the following entry is recorded when indirect materials are transferred to office dept.? a. Dr Finished Goods Stock Alc. Cr. Work-in-Progress Alc Ob Dr. Material Inventory A/c Cr Office Overhead A/c O c. Dr Office &Administration O.H A/c Cr Material inventory Alc O d. Dr Cost of Goods Sold A/c, Cr. Material Inventory Alc Question 1 Not yet answered Marked out of 100 Flag question Which of the following is an ideal cost unit for the International Marble Company engaged in extracting marbles from mountains? O a Cost Per hour b. Cost Per kg O c. Cost Per km d. Cost per square feet