 |
|||
 |
|||
MCQ (Encircle/Tick the best
answer choice)
Using the following
data, the cost of goods manufactured is:
|
Direct material
|
Tk. 38,000
|
|
Direct labour
|
24,000
|
|
Manufacturing
overhead
|
17,000
|
|
Beginning work in
process inventory
|
11,000
|
|
Ending work in
process inventory
|
10,000
|
q Tk. 89,000 q Tk. 78,000 q Tk. 79,000 q Tk. 80,000 q None of these
[(DL + DM + MOH)
+ WIP(B) – WIP (E) = COGM] Thus, [(38,000
+ 24,000 + 17,000) + 11,000 – 10,000]
Using the following
data, the beginning work in process inventory is:
|
Cost of goods
sold
|
Tk. 70
|
|
Direct labour
|
20
|
|
Direct materials
|
15
|
|
Cost of goods
manufactured
|
80
|
|
Work in process
ending
|
10
|
|
Finished goods
ending
|
15
|
|
Manufacturing
overhead
|
30
|
q Tk. 25 q Tk. 20 q Tk. 15 q Tk. 55 q None of these
[(DL + DM + MOH) + WIP(B) – WIP
(E) = COGM] Thus, WIP (B) = COGM + WIP (E) - (DL + DM + MOH)
An expense that is variable with the production level is
q Insurance q Security guard’s salary q Taxes on building
q Lubricants q Rent
Gangaridee
Company’s direct labour cost is 25% of its conversion cost. If the
manufacturing overhead cost for the last period was Tk. 12,345 and the direct
materials cost was Tk. 25,000, the direct labour cost was:
q Tk. 10,000 q Tk. 37,035 q Tk. 8,230 q Tk. 4,115 q None of these
[0.25x + 12,345 = x] Thus, x =
16,460; Thus, DL = .25 * 16460 = 4,115
Direct materials
are part of:
|
|
Conversion cost
|
Manufacturing cost
|
Prime cost
|
|
q
|
No
|
No
|
No
|
|
q
|
Yes
|
Yes
|
No
|
|
q
|
Yes
|
Yes
|
Yes
|
|
q
|
No
|
Yes
|
Yes
|
|
q
|
None of these
|
|
|
Which costs will change with a decrease in activity within the relevant
range?
q Total fixed
cost and total variable cost
q Unit fixed cost
and unit variable cost
q Unit fixed cost and
total variable cost
q Unit fixed cost
and total fixed cost
q None of these
A typical indirect factory overhead is
q Postage q Stationery and printing q Supervisor’s Salary
q Office salaries q Freight-out
[All others are admin or
marketing costs]
The term cost refers to
q The present value of future benefit
q An asset that has given benefit and is now expired
q The price of products sold or service rendered
q The value of the sacrifice made to acquire goods or services
q An asset that has not given benefit and is now expired
As the level of activity decreases within
the relevant range:
q total fixed costs increase
q fixed costs per unit decreases
q total variable costs increase
q variable costs per unit remain unchanged
q None of these
Expense A is a fixed cost; expense B is a variable
cost. During the current year the activity level has increased, but is still within
the relevant range. In terms of cost per unit of activity, we would expect
that:
q expense A has
remained unchanged q expense B has
decreased
q expense B has
increased q expense A has decreased
q None of these
Within the relevant range of activity, variable cost per unit will:
q increase in
proportion with the level of activity
q remain constant
q vary inversely
with the level of activity
q All of the
above
q None of these
An increase in activity level within the relevant range results in:
q an increase in
fixed cost per unit
q a proportionate
increase in total fixed costs
q an unchanged
fixed cost per unit
q a decrease in fixed cost per unit
q None of these
Which of the
following is not a labour related cost?
q Supervisor’s salary q Storage cost q Paid vacations
q Overtime premiums q Medical insurance
North Brook Hall Publishers print and publishes books of
different categories. The production costs per forma are: direct material
costs, Tk. 7.55; direct labour cost, Tk. 5.35; and manufacturing overhead, Tk.
10.25. For an order of 200 books having 12 formas per book, how much would be
cost per book, total costs for 200 books?
q Tk. 27,780 q Tk. 55,560 q Tk. 37,040
q Tk. 23.15 q None of these
Which of the
following are conveniently and economically traceable to specific units of
productive output?
q Variable costs q Indirect materials q Direct materials
q Overhead costs q Both direct material and variable costs
 |
|||
|
|||
|
|||
MCQ (Encircle/Tick the best
answer choice)
Using the following
data, the cost of goods manufactured is:
|
Direct material
|
Tk. 37,000
|
|
Direct labour
|
24,000
|
|
Manufacturing
overhead
|
17,000
|
|
Beginning work in
process inventory
|
11,000
|
|
Ending work in
process inventory
|
10,000
|
q Tk. 89,000 q Tk. 78,000 q Tk. 79,000 q Tk. 80,000 q None of these
Using the following
data, the beginning work in process inventory is:
|
Cost of goods
sold
|
Tk. 70
|
|
Direct labour
|
20
|
|
Direct materials
|
20
|
|
Cost of goods
manufactured
|
80
|
|
Work in process
ending
|
10
|
|
Finished goods
ending
|
15
|
|
Manufacturing overhead
|
30
|
q Tk. 25 q Tk. 20 q Tk. 15 q Tk. 55 q None of these
An expense that is variable with the production level is
q Insurance q Lubricants q Taxes on building
q Security guard’s salary q Rent
Gangaridee
Company’s direct labour cost is 40% of its conversion cost. If the
manufacturing overhead cost for the last period was Tk. 12,345 and the direct
materials cost was Tk. 25,000, the direct labour cost was:
q Tk. 10,000 q Tk. 37,035 q Tk. 8,230 q Tk. 4,115 q None of these
Direct materials
are part of:
|
|
Conversion cost
|
Manufacturing cost
|
Prime cost
|
|
q
|
No
|
Yes
|
Yes
|
|
q
|
Yes
|
Yes
|
No
|
|
q
|
Yes
|
Yes
|
Yes
|
|
q
|
No
|
No
|
No
|
|
q
|
None of these
|
|
|
Which costs will change with a decrease in activity within the relevant
range?
q Total fixed
cost and total variable cost q Unit fixed cost
and unit variable cost
q Unit fixed cost
and total variable cost q Unit fixed cost
and total fixed cost
q None of these
A typical indirect factory overhead is
q Postage q Stationery and printing q Supervisor’s Salary
q Office salaries q Freight-out
The term cost refers to
q The present value of future benefit
q An asset that has given benefit and is now expired
q The price of products sold or service rendered
q The value of the sacrifice made to acquire goods or services
q An asset that has not given benefit and is now expired
As the level of activity decreases within
the relevant range:
q total fixed costs increase
q fixed costs per unit decreases
q total variable costs increase
q variable costs per unit remain unchanged
q None of these
Expense A is a fixed cost; expense B is a variable
cost. During the current year the activity level has increased, but is still
within the relevant range. In terms of cost per unit of activity, we would
expect that:
q expense A has
remained unchanged q expense B has
decreased
q expense B has
increased q expense A has
decreased
q None of these
Within the relevant range of activity, variable cost per unit will:
q increase in
proportion with the level of activity
q remain constant
q vary inversely
with the level of activity
q All of the
above
q None of these
An increase in activity level within the relevant range results in:
q an increase in
fixed cost per unit
q a proportionate
increase in total fixed costs
q an unchanged
fixed cost per unit
q a decrease in
fixed cost per unit
q None of these
Which of the
following is not a labour related cost?
q Supervisor’s salary q Storage cost q Paid
vacations
q Overtime premiums q Medical insurance
North Brook Hall Publishers print and publishes books of
different categories. The production costs per forma are: direct material
costs, Tk. 7.55; direct labour cost, Tk. 5.35; and manufacturing overhead, Tk.
10.25. For an order of 200 books having 8 formas per book, how much would be
cost per book, total costs for 200 books?
q Tk. 27,780 q Tk. 55,560 q Tk. 37,040
q Tk. 23.15 q None of these
Which of the
following are conveniently and economically traceable to specific units of
productive output?
q Variable costs q Indirect materials q Direct materials
q Overhead costs q Both direct material and variable costs
|
|||
|
|||
|
|||
|
|||
MCQ (Encircle/Tick the best
answer choice)
Using the following
data, the cost of goods manufactured is:
|
Direct material
|
Tk. 37,000
|
|
Direct labour
|
23,000
|
|
Manufacturing
overhead
|
17,000
|
|
Beginning work in
process inventory
|
11,000
|
|
Ending work in
process inventory
|
10,000
|
q Tk. 89,000 q Tk. 78,000 q Tk. 79,000 q Tk. 80,000 q None of these
Using the following
data, the beginning work in process inventory is:
|
Cost of goods
sold
|
Tk. 70
|
|
Direct labour
|
30
|
|
Direct materials
|
15
|
|
Cost of goods
manufactured
|
80
|
|
Work in process
ending
|
10
|
|
Finished goods
ending
|
15
|
|
Manufacturing
overhead
|
30
|
q Tk. 25 q Tk. 20 q Tk. 15 q Tk. 55 q None of these
An expense that is variable with the production level is
q Insurance q Security guard’s salary q Lubricants
q Taxes on building q Rent
Gangaridee
Company’s direct labour cost is 75% of its conversion cost. If the
manufacturing overhead cost for the last period was Tk. 12,345 and the direct
materials cost was Tk. 25,000, the direct labour cost was:
q Tk. 10,000 q Tk. 37,035 q Tk. 8,230 q Tk. 4,115 q None of these
Direct materials
are part of:
|
|
Conversion cost
|
Manufacturing cost
|
Prime cost
|
|
q
|
No
|
No
|
No
|
|
q
|
Yes
|
Yes
|
No
|
|
q
|
No
|
Yes
|
Yes
|
|
q
|
Yes
|
Yes
|
Yes
|
|
q
|
None of these
|
|
|
Which costs will change with a decrease in activity within the relevant
range?
q Total fixed
cost and total variable cost q Unit fixed cost
and unit variable cost
q Unit fixed cost
and total variable cost q Unit fixed cost
and total fixed cost
q None of these
A typical indirect factory overhead is
q Postage q Stationery and printing q Supervisor’s Salary
q Office salaries q Freight-out
The term cost refers to
q The present value of future benefit
q An asset that has given benefit and is now expired
q The price of products sold or service rendered
q The value of the sacrifice made to acquire goods or services
q An asset that has not given benefit and is now expired
As the level of activity decreases within
the relevant range:
q total fixed costs increase
q fixed costs per unit decreases
q total variable costs increase
q variable costs per unit remain unchanged
q None of these
Expense A is a fixed cost; expense B is a variable
cost. During the current year the activity level has increased, but is still
within the relevant range. In terms of cost per unit of activity, we would
expect that:
q expense A has
remained unchanged q expense B has
decreased
q expense B has
increased q expense A has
decreased
q None of these
Within the relevant range of activity, variable cost per unit will:
q increase in
proportion with the level of activity
q remain constant
q vary inversely
with the level of activity
q All of the
above
q None of these
An increase in activity level within the relevant range results in:
q an increase in
fixed cost per unit
q a proportionate
increase in total fixed costs
q an unchanged
fixed cost per unit
q a decrease in
fixed cost per unit
q None of these
Which of the
following is not a labour related cost?
q Supervisor’s salary q Storage cost q Paid
vacations
q Overtime premiums q Medical insurance
North Brook Hall Publishers print and publishes books of
different categories. The production costs per forma are: direct material
costs, Tk. 7.55; direct labour cost, Tk. 5.35; and manufacturing overhead, Tk.
10.25. For an order of 200 books having 6 formas per book, how much would be
cost per book, total costs for 200 books?
q Tk. 27,780 q Tk. 55,560 q Tk. 37,040
q Tk. 23.15 q None of these
Which of the
following are conveniently and economically traceable to specific units of
productive output?
q Variable costs q Indirect materials q Direct materials
q Overhead costs q Both direct material and variable costs
No comments:
Post a Comment