Question B.

1. The adhering to guidelines have been set to make an item:

Direct Material: ($)

2 units of P @ $ 4 for each unit 8.00

3 units of Q @ $ 3 for each unit 9.00

15 units of R @ $ 1 for each unit 15.00

32.00

Direct Labor: 3 hours @ $ 8 for each hour 24.00

Complete standard prime cost 56.00

The organization made and sold 6,000 units of the item during the year. Direct material expenses were as per the following:

12,500 units of P at $ 4.40 per unit 18,000 units of Q at $ 2.80 per unit 88,500 units of R at $ 1.20 per unit

The organization worked 17,500 direct work hours during the year. For 2,500 of these hours, the organization paid at $ 12 every hour while for the leftover, the wages were paid at standard rate.

Figure

(i) Materials value difference and Usage fluctuation

(ii) Labour rate &Efficiency differences.

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

2. Income from Operations $8,00,000; Gross Profit Ratio 25%; Opening Inventory $1,00,000; Closing Inventory $60,000. Stock Turnover Ratio will be :

(A) 10 Times

(B) 7.5 Times

(C) 8 Times

(D) 12.5 Times

3. Based on after information, the expense of income from activities by an organization will be : Opening Inventory $70,000; Closing Inventory $80,000; Inventory Turnover Ratio 6 Times.

(A) $1,50,000

(B) $90,000

(C) $4,50,000

(D) $4,80,000

4. Opening Inventory of a firm is $80,000. Cost of income from activities is ?6,00,000. Stock Turnover Ratio is multiple times. Its end Inventory will be:

(A) $1,60,000

(B) $1,20,000

(C) $80,000

(D) $2,00,000

5. Cost of income from activities $6,00,000; Inventory Turnover Ratio 5; Find out the benefit of opening stock, if opening stock is $8,000 not exactly " the end stock.

(A) $1,12,000

(B) $1,16,000

(C) $1,28,000

(D) $1,24,000

6. Income from Operations 2,00,000; Inventory Turnover Ratio 5; Gross Profit 25%. Discover the benefit of Closing Inventory, if Closing Inventory is 8,000 more than the Opening Inventory.

(A) 38,000

(B) 22,000

(C) 34,000

(D) 26,000

7. On the off chance that the stock turnover proportion is partitioned into 365, it turns into a proportion of

(A) Sales proficiency

(B) Average Age of Inventory

(C) Sales Turnover

(D) Average Collection Period

8. On the off chance that normal stock is $50,000 and shutting stock is $2,000 not exactly the initial stock, opening and shutting stock will be :

(A) $52,000 and $50,000

(B) $50,000 and $48,000

(C) $48,000 and $46,000

(D) $51,000 and $49,000

9. Opening Inventory $50,000; Closing Inventory $40,000 and cost of income from tasks $7,20,000. What will be Inventory Turnover Ratio?

(A) 18 Times

(B) 16 Times

(C) 14.4 Times

(D) 8 Times

10. Normal Inventory $60,000; Inventory Turnover Ratio 8; Gross Profit 20% on income from activities; what will be Gross Profit?

(A) $1,20,000

(B) $96,000

(C) $80,000

(D) $15,000

11. Opening Inventory $75,000; Closing Inventory $1,05,000; Inventory Turnover Ratio 6; Gross Profit 20% on cost; what will be Gross Profit?

(A) $1,35,000

(B) $1,08,000

(C) $90,000

(D) $18,000