Cost and Managerial Accounting Paper 3

1

Which of the following represents a CVP equation?






2

Inventory control aims at ______________






3

When a manufacturing process requires mostly human labor and there are widely varying wage rates among workers, what is probably the most appropriate basis of applying factory costs to work in process?






4

When prices are rising over time, which of the following inventory costing methods will result in the lowest gross margin/profits?






5

Cost accounting concepts include all of the following EXCEPT ______________






6

Prime cost + Factory overhead cost is ______________






7

If 120 units produced, 100 units were sold @ Rs. 200 per unit. Variable cost related to production & selling is Rs. 150 per unit and fixed cost is Rs. 5,000. If the management wants to increase sales price by 10%, what will be increasing sales profit of company by increasing unit sales price? (Cost & volume profit analysis keep in mind while solving)






8

In the case of plant, the limiting factor may be:






9

The the main difference between the profit center and investment center is






10

The main purpose of cost accounting is to ______________






Result

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