Question A.

1.G.Y. Ltd. makes PDR by blending three crude materials. For each bunch of 100 kg. of PDR, 125 kg. of crude materials are utilized. In April, 2020, 60 clusters were set up to create a yield of 5,600 kg. of PDR. The norm and genuine specifics for April, 2020, are as per the following:

Crude Materials Standard Actual Quantity of Raw Materials Purchased

Mix Price per kg. Mix Price per Kg.

(%) ($) (%) ($) (Kg.)

A 50 20 60 21 5,000

B 30 10 20 8 2,000

C 20 5 20 6 1,200

You are needed to CALCULATE:

(i) Material Price difference

(ii) Material Usage Variance

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

2. Complete credit income from tasks of a firm is $5,40,000. Normal assortment period is 3 months. Opening account holders are $1,10,000. Its end debt holders will be :

(A) $1,35,000

(B) $1,60,000

(C) $2,20,000

(D) $1,80,000

3. The equation for computing Trade Payables Turnover Ratio is :

(A) Net Credit Purchases/Average Creditors

(B) Net Credit Purchases/(Average Creditors + Average Bills Payable)

(C) Cash Purchases/Total Creditors

(D) None of the abovementioned.

4. Credit Purchases $12,00,000; Opening Creditors $2,00,000; Closing Creditors $1,00,000. Exchange Payables Turnover Ratio will be :

(A) 6 times

(B) multiple times

(C) multiple times

(D) multiple times

5.All out Purchases $4,50,000; Cash Purchases $1,50,000; Creditors $50,000; Bills Payable $10,000. Exchange Payables Turnover Ratio will be :

(A) 7.5 occasions

(B) multiple times

(C) multiple times

(D) multiple times

6. Credit Purchases $6,00,000; Trade Payables Turnover Ratio 5; Calculate shutting lenders, if shutting leasers are ? 10,000 not exactly opening lenders.

(A) $1,15,000

(B) $1,25,000

(C) $1,30,000

(D) $1,10,000

7. Credit Purchases $9,60,000; Cash Purchases $6,40,000; Creditors $2,40,000; Bills Payable $80,000. Normal Payment Period will be :

(A) 3 months

(B) 4 months

(C) 2.4 months

(D) a half year

8 Current Assets $5,00,000; Current Liabilities $1,00,000; Revenue from Operations $28,00,000. Working Capital turnover Ratio will be:

(A) 7 times

(B) 5.6 occasions

(C) multiple times

(D) multiple times

9. Based on after information, the Waiting Capital Turnover Ratio of an organization will be :

Fluid Assets $3,70,000; Inventory $80,000; Current Liabilities $1,50,000; Cost of levcnue from activities $7,50,000.

(A) 2.5 Times

(B) 3 Trimes

(C) 5 Times

(D) 3.8 Times

10. An association's current resources are $3,60,000; Revenue from activities is $12,00,000. Its working capital turnover will be:

(A) 3 Times

(B) 5 Times

(C) 8 Times

(D) 4 Times

11. Opening Inventory $1,00,000; Closing Inventory $1,20,000; Purchases $20,00,000; Wages $2,40,000; Carriage Inwards $1,50,000; Selling Exp. $60,000; Revenue from Operations $30,00,000. Net Profit proportion will be :

(A) 29%

(B) 26%

(C) 19%

(D) 21%