CI-3 102-ACCOUNTING FOR MANAGERIAL DECISIONS

Name of Student

Roll Number

Section

1.MNP Ltd sold 2,75,000 unit so fits product at`37.50 per unit. Variable costs are17.50 per unit Fixed costs are incurred uniformly throughout the year and amounting to ` 35,00,000 COMPUTE break even sales

• 500000 Units
• 175000 Units
• 200000 units
• 225000 units

2.The PV ratio of the product is .6.Profit is 9000.Margin of Safety is

• 5400
• 15000
• 22500
• 3600

3.Canteen expenses for factory workers are part of:

• (a) Factory overhead
• (b) Administration Cost
• (c) Marketing cost
• (d) None of the above

4.Salary paid to factory store staff is part of:

• (a) Factory overheads
• (b) Cost of good Sold
• (c) Direct Employee cost
• (d) Direct Material Cost.

5.Calculate Prime Cost Raw materials 1,80,000 Direct wages 90,000 Machine hours worked (hours) 10,000 Machine hour rate (per hour) 8

• 90000
• 180000
• 270000
• 350000

6.If standard work for 100 units of output are 400 kg @ 2 per kg and actual are 380 kg @ 2.25 per kg, then the Material Price variance is:

• (a) ` 95 (adverse)
• (b) ` 100 (adverse)
• (c) ` 25 (favourable)
• (d) ` 120 (adverse)

7.The standard and actual figures of product ‘Z’ are as under: Standard Actual Material quantity 50 units 45 units Material price per unit 1.00 0.80 CALCULATE material cost variances.

• 24
• 14
• 16
• 18