Classical

June 2015 - Paper 3

6:  

Labour Rate of Pay Variance can be calculated by which one of the following equations ?

A.

Budgeted Labour Costs-Actual Labour Costs

B.

(Standard Hours - Actual Hours) x Actual Wage Rate

C.

(Standard Wage Rate-Actual Wage Rate) x Actual Hours Worked

D.

(Standard Wage Rate-Actual Wage Rate) x Standard Hours Worked

 
 

Option: C

Explanation :

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7:  

Given :

Margin of Safety

Rs 80,000

Profit

Rs 20,000

Sales

Rs 3, 00,000

What is the amount of Fixed Cost ?

A.

Rs 1,00,000

B.

Rs 75,000

C.

Rs 55,000

D.

Rs 20,000

 
 

Option: C

Explanation :

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Bharat Kumar Meher said: (11:18am on Wednesday 25th January 2017)
You can use the formula MOS = Profit/PV Ratio, after calculating the PV Ratio use the formula PV Ratio = (F P)/S

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8:  

Preparation of consolidated statement of accounts as per AS - 21 is :

A.

Optional

B.

Mandatory for Private Ltd. Companies

C.

Mandatory for Listed Companies

D.

Mandatory for all Companies

 
 

Option: C

Explanation :

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9:  

Which one of the following is not true of cash Budget ?

A.

The shortage or excess of cash would appear in a particular period.

B.

All inflows would arise before outflows for those periods.

C.

Only revenue nature cash flows are shown.

D.

Proceeds from issue of share capital is shown as an inflow.

 
 

Option: C

Explanation :

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10:  

10. Study the following transactions :

(a) Raising of short term loans

(b) Goods purchased for cash

(c) Payment of bonus in the form of shares

(d) Issue of shares in lieu of raw materials

Flow of funds is :

A.

(a), (b), (c), and (d)

B.

(b), (c), and (d)

C.

(c) and (d)

D.

Only (d)

 
 

Option: D

Explanation :

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  • This section contains UGC NET  Commerce solved Papers for June 2015 Exam
  • This exam was held by University Grant Commission on 28th June 2015.
  • You can not download pdf of Commerce UGC NET Solved paper .
  • You can view UGC NET June 2015 Commerce Paper online.
  • You can get a fully solved paper. 
  • This year UGC NET Commerce Exam JUNE 2015 was held at varios CBSE schools across India.