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 |
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Option: C Explanation : Click on Discuss to view users comments. |
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 : Click on Discuss to view users comments. Bharat Kumar Meher said: (2:18am 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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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 : Click on Discuss to view users comments. |
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 : Click on Discuss to view users comments. |
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) |
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Option: D Explanation : Click on Discuss to view users comments. |
