10. If factory overhead is 30,000 which is 20% of direct labor then conversion cost will be: TE Rs.36,000 Rs.120,000 Rs.90,000 А. В. С. D. Rs.180,000 11 A+ 200 units totol oogta ore Ps 1 450 ond ot 600 unite totol 9osts ore Re 3 050 Uoing the

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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10. If factory overhead is 30,000 which is 20% of direct labor then conversion cost will be:
Rs.36,000
Rs.120,000
Rs.90,000
А.
В.
С.
D.
Rs.180,000
11. At 200 units, total costs are Rs.1,450 and at 600 units, total costs are Rs.3,850. Using the
high-low method, fixed costs are:
А.
50
В.
150
С.
250
D.
550
12. Which of the following represents the CVP equation?
Sales = Contribution margin + Fixed expenses + Profits
Sales = Contribution margin ratio + Fixed expenses + Profits
Sales = Variable expenses + Fixed expenses + Profits
Sales = Variable expenses - Fixed expenses + Profits
13. The Basheer Corporation has a breakeven point when sales are 100,000 units and
Rs.320,000, and variable costs at that level of sales are Rs.200,000. How many additional
units would have to be sold to reach a new breakeven point, if fixed costs doubled?
А.
В.
С.
D.
100,000.
120,000.
160,000.
325,000.
А.
В.
С.
D.
14. Cost that are identified with and traced to, one product or specific batch of products are
called:
А.
ОН сost
В.
Indirect costs
Fixed costs
С.
D.
Direct costs
15. Which of the following is not a period cost?
Wood used in making table
The company president’s salary
Depreciation on a sales staff’s car
Е.
F.
G.
Н.
Sales commission
Transcribed Image Text:10. If factory overhead is 30,000 which is 20% of direct labor then conversion cost will be: Rs.36,000 Rs.120,000 Rs.90,000 А. В. С. D. Rs.180,000 11. At 200 units, total costs are Rs.1,450 and at 600 units, total costs are Rs.3,850. Using the high-low method, fixed costs are: А. 50 В. 150 С. 250 D. 550 12. Which of the following represents the CVP equation? Sales = Contribution margin + Fixed expenses + Profits Sales = Contribution margin ratio + Fixed expenses + Profits Sales = Variable expenses + Fixed expenses + Profits Sales = Variable expenses - Fixed expenses + Profits 13. The Basheer Corporation has a breakeven point when sales are 100,000 units and Rs.320,000, and variable costs at that level of sales are Rs.200,000. How many additional units would have to be sold to reach a new breakeven point, if fixed costs doubled? А. В. С. D. 100,000. 120,000. 160,000. 325,000. А. В. С. D. 14. Cost that are identified with and traced to, one product or specific batch of products are called: А. ОН сost В. Indirect costs Fixed costs С. D. Direct costs 15. Which of the following is not a period cost? Wood used in making table The company president’s salary Depreciation on a sales staff’s car Е. F. G. Н. Sales commission
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