Question
Urgent Need of correct answer: A association works an activity based costing (ABC) system to credit its overhead costs to cost objects. In its monetary
Urgent Need of correct answer:
A association works an activity based costing (ABC) system to credit its overhead costs to cost objects. In its monetary arrangement for the year-completing 31st August, 2019. The association expected to put an amount of 2002.5178 purchase orders at a hard and fast expense of 1,00,689.4256. This development and its associated costs were wanted to occur at a consistent rate all through the going through year which is disengaged into 13.4682 multi week time periods. During the multi week time period completed 30th June 2017, an amount of 202.4842 purchase orders were set to a detriment of 9,023.7645. What is the over recovery of these costs for the multi week time span?
I. The following is an outline of direct costs:
(A) Special harsh material which is a gigantic piece of the mind boggling cost.
(B) Travelling costs to site.
(C) Overtime charges paid to oversee laborer to finish work before time.
(D) Catalogue of costs of completed things.
II. The following isn't treated as a get-together overhead:
(A) Lubricants
(B) Cotton squander
(C) Apportioned affiliation overheads
(D) Night move settlement paid to a consecutive development framework specialist because of general work pressure.
III. When you attempt a compromise of benefits as shown by Financial Accounts and Cost Accounts, coming up next is finished:
(A) Add the under assimilation of overheads in Cost Accounts on the off chance that you start from the benefits according to Financial Accounts.
(B) Add the under ingestion of overheads in Cost Accounts on the off chance that you start from the benefits according to Cost Accounts.
(C) Add the over ingestion of overheads in Cost Accounts on the off chance that you start from the benefits as shown by Financial Accounts.
(D) Add the over ingestion of overheads in Cost Accounts in the event that you start from the benefits as demonstrated by Cost Accounts.
IV. Batch Costing is applied adequately in the going with condition:
(A) paper making
(B) drug making
(C) designer garments making
(D) oil refining
V. In the setting of Contract a/c, work finished and not yet ensured will beshown
(A) at cost despite + 2/third of the notional benefit under 'Finished Work'.
(B) at cost despite notional benefit less help cash under 'Finished Work'.
(C) at cost under 'Finished Work'.
(D) at cost under WIP a/c.
VI. A certain cycle required standard work of 24 skilled work hours and 30 clumsy work hours at ' 60 and 40 independently as the standard work rates. Considering everything, 20 and 25 work hours were utilized at ' 50 and 50 autonomously. By at that point, the work blend difference will be
(A) Adverse
(B) Favourable
(C) Zero
VII. Favourable for gifted and negative for uncouth
(x) If an association has the entirety of the assets it needs for creation, by then the head spending factor will undoubtedly be
(A) non-existing
(B) sales request
(C) raw materials
(D) labour supply
VIII. Which of coming up next is a weird justification Idle time:
(a) Time taken by workers to dare to all aspects of the distance between the essential entryway of assembling plant and spot of their work
(b) Time lost between the finishing of one work and start of next work
(c) Time spent to meet their own necessities like taking lunch, tea, etc
(d) Machine break downs
IX. If extra time is gone to at the aching of the customer, by then the additional time premium:
(a) should be charged to costing advantage and adversity account;
(b) should not be charged using any and all means
(c) should be charged to the work directly
(d) should be charged to the most raised advantage making office
X. Labour turnover infers:
(a) Turnover created by work
(b) Rate of progress in sythesis of labor force during a foreordained period
(c) Either of the previously mentioned
(d) Both of the previously mentioned
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