Which of the following is not a factory overhead?

• Work manager's salary

• Indirect wages

• Depreciation of machinery

• Depreciation of furniture

Factory overhead is generally apportioned as the percentage of.....................

Which of these are the components of prime cost?

• Direct materials and indirect materials

• Direct wages and indirect wages

• Direct materials and direct wages

• Indirect materials and indirect materials

Which is the correct formula to calculate the Cost of materials consumed?

• Opening raw materials + Purchase of raw materials + Carriage inwards - Closing raw materials

• Closing raw materials - Purchase of raw materials + Opening raw materials - Carriage outwards

• Opening raw materials + Purchase of raw materials + Carriage outwards - Closing raw materials

• Closing raw materials + Raw materials purchase + Carriage outwards - Closing raw materials

Identify and mark the selling overheads among these expenses.

• Audit fees

• Showroom expenses

• Advertisement

• Rent of warehouse

• Salaries

Which of these is not a formula to calculate Net Profit in a cost sheet?

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• 
• 
• 

Which of the following expenses is not included in cost sheet?

• Depreciation

• Income tax expenses

• Audit fees

• Sale of scrap

Indirect expenses are also called........

Which is the correct order for the components of a cost sheet?

• Prime cost, Cost of production, Work cost, Cost of sales

• Work cost, Prime cost, Cost of sales, Cost of production

• Prime Cost, Work cost, Cost of production, Cost of sales

• Prime cost, Work cost , Cost of sales, Cost of production

If Purchase of materials = Rs.45,000

Closing raw material = Rs.15,000

Opening raw material = Rs.5,000

Custom duty = Rs. 3,000

then, Cost of materials consumed = Rs. ???