Question 4 Financial manager has to prepare reports to the top management. Which of the following form of reports makes the top management to understand easily? Not yet answered Marked out of 1.00 Flag question a. Both a & b b. Graphical form c. Descriptive from d. None of the above Question 5 Not yet answered Marked out of 1.00 Identify the correct statement from the following Statement-I, Management accounting reports prepared frequently. Statement-II, Financial accounting prepares statements of P&L & Balance sheet Statement-III, Maintenance of cost records compulsory for notified government industries Flag question a. Statement-I and II b. Statement-II and III c. Statement-I and III d. Statement-1,11 and Ill Question 12 Not yet answered Huawei Company is producing Laptops and Tablets. They are deciding whether to use job-order costing or activity based costing. Based on next year's budget, two cost pools have been developed with the following information: Marked out of 1.00 P Flag question Particulars Laptops Tablets Overhead Assigned Direct labor hours 5000 Sewing machine hours 5000 Machine set up hours 100 10000 3000 OMR 400,000 OMR 200,000 400 Find out the Sewing machine hour rate using activity based costing. a. OMR 500 per hour b. OMR 40 per hour c. OMR 50 per hour d. OMR 400 per hour Identify the false statement from the following Question 14 Not yet answered Marked out of 1.00 Flag question a. Management accounting is purely voluntary b. Cost accounting is based on data derived from financial accounts c. None of the above d. Evolution of management accounting is due to the limitation of cost accounting Question 17 Not yet answered Marked out of 1.00 Identify the false statement from the following: a. Management accounting is not bound by the accounting standards b. Management accounting provides decision to management c. Management accounting is concerned with accounting information that is useful to management d. The origin of management accounting is due to the limitation of financial accounting and cost accounting Flag question Question 20 Not yet answered Marked out of 1.00 P Flag question Ms. Sara wants to conduct a survey to know the performance of one of the product manufactured by the company. She decided to collect information from all customers. Which sampling method is suitable for the above scenario? a. Quota Sample method b. None of the above c. Multistage sampling d. Census method Question 11 Not yet answered Marked out of 1.00 Flag question Samsung Company is manufacturing various products like Laptops and Tablets etc., They are deciding whether to use job-order costing or activity based costing. Based on next year's budget, two cost pools have been developed with the following information: Particulars Laptops Tablets Overhead Assigned Direct labor hours 5000 Sewing machine hours 500 Machine set up hours 100 10000 300 OMR 400,000 OMR 200,000 400 Find out the pre-determined overhead rate if overhead is applied based on the direct labor hour rate. a. OMR 40 per hour b. OMR 4000 per hour c. OMR 400 per hour d. OMR 4 per hour
