Question
Urgent assignemnt question, Please give right answers with working notes and reasons. I. MCD Company gave the 2015 monetary reports on March 1, 2016. The
Urgent assignemnt question, Please give right answers with working notes and reasons.
I. MCD Company gave the 2015 monetary reports on March 1, 2016. The substance gave the going with data to the year completed December 31, 2015:
Aggregate owing to another substance for organizations conveyed during
December 2015 300,000
Evaluated long assistance leave inferable from laborers in respect of past organizations 1,200,000
Evaluated cost of moving a delegate from head office to a branch around there (specialist will genuinely relocate in January 2016) 100,000
Evaluated cost of redesiging machine predictably 150,000
What entirety should be seen as plan on December 31, 2015?
a. 1,200,000
b. 1,300,000
c. 1,600,000
d. 1,750,000
II. Which of coming up next are quick expenses?
A. The cost of remarkable plans, drawings or plans
B. The enroll of instruments or stuff for a particular work
C. Salesman's wages
D. Rent, rates and security of a mechanical office
a. (1) and (2)
b. (1) and (3)
c. (1) and (4)
d. (3) and (4)
III. Which of the going with things isn't dismissed while setting up a cost sheet?
A. Goodwill limited
B. Provision for charge appraisal
C. Property charge on Factory building
D. Transfer to saves
E. Interest paid
IV. What is prime cost
A. Total direct expenses figuratively speaking
B. Total variant expenses figuratively speaking
C. Total non-creation costs
D. Total creation costs
V. Which of coming up next isn't a part of works overhead?
A. Sales manager's remuneration
B. Plant manager's pay
C. Factory repairman's wages
D. Product inspector's pay
VI. In Reconciliations Statements Expenses shown interestingly in money related records are.
A. Added to financial advantage
B. Deducted from financial advantage
C. Ignored
D. Added to costing advantage
VII. In Reconciliations Statements Expenses shown particularly in cost accounts are.
A. Added to money related advantage
B. Deducted from money related advantage
C. Ignored
D. Deducted from costing advantage
VIII. In Reconciliations Statements, moves to holds are.
A. Added to financial advantage
B. Deducted from financial advantage
C. Ignored
D. Added to costing advantage
IX. In Reconciliations Statements, Incomes shown particularly in financial records are.
A. Added to money related advantage
B. Deducted from money related advantage
C. Ignored
D. Deducted from costing advantage
X. In Reconciliations Statements, Closing Stock Undervalued in Financial records is
A. Added to money related advantage
B. Deducted from financial advantage
C. Ignored
D. Added to costing advantage
XI. Which of the going with things is barred from availability of cost sheet?
A. Carriage inner
B. Purchase returns
C. Sales commission
D. Interest paid
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started