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Thread: MGT402 Current Quiz 3 Solved Spring 2010

  1. #1
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    99 MGT402 Current Quiz 3 Solved Spring 2010

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    MGT402 Current Quiz # 3 Solved

    Question # 1 of 15 ( Start time: 03:53:53 AM ) Total Marks: 1
    A chemical process has normal wastage of 5% of input. In a period, 3,500 Kg of material were input and there was no abnormal loss. What quantity of good production was achieved?
    Select correct option:


    2,175 Kg
    2,250 Kg
    3,325 Kg
    4,425 Kg

    Question # 2 of 15 ( Start time: 03:54:54 AM ) Total Marks: 1
    Which of the following is/are not associated with ordering costs?
    Select correct option:


    Interest
    Insurance
    Opportunity costs
    All of the given options

    Question # 3 of 15 ( Start time: 03:55:16 AM ) Total Marks: 1
    Direct materials cost is Rs. 80,000. Direct labor cost is Rs. 60,000. Factory overhead is Rs. 90,000. Beginning goods in process were Rs. 15,000. The cost of goods manufactured is Rs. 245,000. What is the cost assigned to the ending goods in process?
    Select correct option:


    Rs. 45,000
    Rs. 15,000
    Rs. 30,000
    There will be no ending Inventory

    Question # 4 of 15 ( Start time: 03:56:37 AM ) Total Marks: 1
    A method by which the good used are priced out at average cost is known as:
    Select correct option:


    BCVO
    AVCO
    c.FIFO
    LIFO

    Question # 5 of 15 ( Start time: 03:56:55 AM ) Total Marks: 1
    A standard rate is paid to the employee when he completed his job:
    Select correct option:


    In time less than the standard
    In standard time
    In time more than standard
    Both in standard time and more than the standard time

    Question # 6 of 15 ( Start time: 03:57:13 AM ) Total Marks: 1
    Which of the following is correct?
    Select correct option:


    Units sold=Opening finished goods units + Units produced – Closing finished goods units
    Units Sold = Units produced + Closing finished goods units - Opening finished goods units
    Units sold = Sales + Average units of finished goods inventory
    Units sold = Sales - Average units of finished goods inventory

    Question # 7 of 15 ( Start time: 03:57:45 AM ) Total Marks: 1
    Which of the following is sales force payroll incentive?
    Select correct option:


    Commission
    Shift allowance
    Over time payment
    Bonus

    Question # 8 of 15 ( Start time: 03:59:11 AM ) Total Marks: 1
    Where the applied FOH cost is greater than the actual FOH cost it is:
    Select correct option:


    Unfavorable variance
    Favorable variance
    Normal variance
    Budgeted variance

    Question # 9 of 15 ( Start time: 03:59:31 AM ) Total Marks: 1
    Which of the following statement is correct regarding reasons of variance?
    Select correct option:


    Difference between capacity level over which overhead absorption rate is calculated & capacity level attained.
    Difference between FOH cost budgeted or estimated over which overhead absorption rate and FOH actually incurred.
    Diffrence between the actual level which company achived and budget level which company determined.
    All of the given

    Question # 10 of 15 ( Start time: 03:59:58 AM ) Total Marks: 1
    If joint products are to be processed further beyond the point of separation, costs should be assigned to the products on the basis of:
    Select correct option:


    Adjusted sales value (not Sure)
    Ultimate sales value
    A physical unit of measure
    An engineering analysis

    Question # 11 of 15 ( Start time: 04:01:06 AM ) Total Marks: 1
    Gross pay includes which of the following items?
    Select correct option:

    Basic pay + bonus pay
    Overtime payment + shift allowances
    Rent and conveyance allowances
    All of the given options

    Question # 12 of 15 ( Start time: 04:02:15 AM ) Total Marks: 1
    Increase in material Inventory means:
    Select correct option:

    The ending inventory is greater than opening inventory
    The ending inventory is less than opening inventory
    Both ending and opening inventories are equal
    Can not be determined

    Question # 13 of 15 ( Start time: 04:02:42 AM ) Total Marks: 1
    All of the following are cases of labor turnover EXCEPT:
    Select correct option:


    Workers appointed against the vacancy caused due to discharge or quitting of the organization
    Workers employed under the expansion schemes of the company
    The total change in the composition of labor force
    Workers retrenched

    Question # 14 of 15 ( Start time: 04:03:00 AM ) Total Marks: 1
    Byer produced 20,000 units and their total factory cost was Rs. 450,000,other cost like property tax on factory bulding was Rs. 10,000 included in that cost till year ended the cost of per unit would be:
    Select correct option:


    Rs.22.5
    Rs.23.5
    Rs.24.5
    Rs.26.5

    Question # 15 of 15 ( Start time: 04:03:20 AM ) Total Marks: 1
    Alpha company purchased a machine worth Rs 200,000 in the last year.Now that machine can be use in a new project which company has received this year. Now the cost of that machine is to be called:
    Select correct option:


    Project cost
    Sunk cost
    Opportunity cost
    Relevant cost

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  2. #2
    Administrator Xpert's Avatar
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    is ki last date kia hai?

  3. #3
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    Quote Originally Posted by Xpert View Post
    is ki last date kia hai?
    ha ha ha ais ki last date kiya honi hai toba hia xpert tum bimar to nahi
    :o:o--------------------------------------------------------------------------------------:o:o
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