Question A.

1. FMG Limited works an arrangement of standard costing in regard of one of its items which is made inside a solitary expense place. Following are the subtleties.

Planned information:

Material Qty Price ($) Amount ($)

A 60 20 1200

B 40 30 1200

Inputs 100 2400

Typical loss 20

Output 80 2400

Real information:

Real output 80 units.

Material Qty Price ($) Amount ($)

A 70 ? ?

B ? 30 ?

Material Price Variance (A) $ 105A

Material expense change $ 275A

You are needed to CALCULATE:

(i) Actual Price of material A

(ii) Actual Quantity of material B

(iii) Material Price Variance

(iv) Material Usage Variance

(v) Material Mix Variance

(vi) Material Sub Usage Variance

Answer all the MCQ in proper sequence in reference to managerial accounts:

2. Obligation value proportion of an organization is 1 : 2. Which of the accompanying exchanges will expand it:

(A) Issue of new offers for money

(B) Redemption of Debentures

(C) Issue of Debentures for money

(D) Goods bought using a credit card

3. Palatable proportion between Long-term Debts and Shareholder's Funds is :

(A) 1 : 1

(B) 3 : 1

(C) 1 : 2

(D) 2 : 1

4. Based on after information, the Debt-Equity Ratio of a Company will be: Value Share Capital $5,00,000; General Reserve $3,20,000; Preliminary Expenses $20,000; Debentures $3,20,000; Current Liabilities $80,000.

(A) 1 : 2

(B) 52 : 1

(C) 4 : 1

(D) 37 : 1

5. Based on after data got from a firm, its Debt-Equity Ratio will be : Value Share Capital $5,80,000; Reserve Fund $4,30,000; Preliminary Expenses $40,000; Long term Debts $1,28,900; Debentures $2,30,000.

(A) 42 : 1

(B) 53 : 1

(C) 63 : 1

(D) 37 : 1

6. Based on after information, the restrictive proportion of a Company will be : Value Share Capital $6,00,000; Debentures $2,40,000; Statement of Profit and Loss Debit Balance $40,000.

(A) 74%

(B) 65%

(C) 82%

(D) 70%

7. Based on after data got from a firm, its Proprietary Ratio will be : Fixed Assets ?3,30,000; Current Assets $1,90,000; Preliminary Expenses $30,000; Equity Share Capital $2,44,000; Preference Share Capital $1,70,000; Reserve Fund $58,000.

(A) 70%

(B) 80%

(C) 85%

(D) 90%

8. Based on after information, a Company's Total Assets-Debt Ratio will be: Working Capital $2,70,000; Current Liabilities $30,000; Fixed Assets $4,00,000; Debentures $2,00,000; Long Term Bank Loan $80,000.

(A) 37%

(B) 40%

(C) 45%

(D) 70%

9. Based on after data got from a firm, its Total Assets-Debt Ratio will be : Working Capital $3,20,000; Current Liabilities $1,40,000; Fixed Assets $2,60,000; Debentures $2,10,000; Long Term Bank Debt $78,000.

(A) 40%

(B) 60%

(C) 30%

(D) 70%

10. Stock Turnover Ratio is:

(A) Average Inventory / Revenue from Operations

(B) Average Inventory / Cost of Revenue from Operations

(C) Cost of Revenue from Operations / Average Inventory

(D) G.P. / Average Inventory

11. Opening Inventory $1,00,000; Closing Inventory $1,50,000; Purchases $6,00,000; Carriage $25,000; Wages $2,00,000. Stock Turnover Ratio will be :

(A) 6.6 Times

(B) 7.4 Times

(C) 7 Times

(D) 6.2 Times