Cost and Managerial Accounting

561. How many units would the company have to sell to attain target profits of 600,000?

1. 48,000 units
2. 88,000 units
3. 106,668 units
4. None of given options

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562. Percentage of Margin of Safety can be calculated in which one of the following ways?

1. Based on budgeted Sales
2. Using budget profit
3. Using profit & Contribution ratio
4. All of the given options

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563. If Cost of goods sold = 40,000; GP Margin = 20% of sales Calculate the Gross profit margin.

1. 32,000
2. 48,000
3. 8,000
4. 10,000

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564. The difference between gate time and time booked for jobs in respect of a worker in due to the following reasons except:

1. Change-over time
2. Illness
3. Waiting for materials, instructions, etc.
4. Breakdown of machine

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565. If time allowed for a job is 10 hours, time taken for the job is 8 hours and rate of pay is 2 per hour, the bonus to the worker is:

1. 1.20
2. 2.00
3. 3.20
4. None of the above

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566. The authorized heads of deduction from wages payable include the following except:

1. Car allowance
2. Income tax
3. Provident fund
4. Employees'state insurance

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567. XYZ Ltd has the following alternative planned activity levels:

	Level A	Level B	Level C
Total costs	1,00,000	1,50,000	2,00,000
Number of units produced	5,000	10,000	15,000

(Fixed overhead remains constant over the activity range shown.) The fixed overhead cost per unit is:

1. 20.00
2. 15.00
3. 13.33
4. 10.00

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568. Cost unit in a college may be

1. teacher
2. Non teacher staff
3. Student
4. Number of departments
5. None of these

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569. Work cost is the total of

1. Direct cost
2. Indirect cost
3. Variable cost
4. Controllable cost
5. Uncontrollable cost

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570. ______________ represents that quantity of material which is normally ordered when a particular material reaches the ordering level.

1. EOQ
2. BOQ
3. EBQ
4. Re-order period
5. All of these

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