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Consider the following data pertaining to the

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Consider the following data pertaining to the production of a company for a particularmonth :Opening stock of raw material 11,570Closing stock of raw material 10,380Purchase of raw material during the month 1,28,450Total manufacturing cost charged to product 3,39,165
Factory overheads are applied at the rate of 45% of direct labour cost.The amount of factory overheads applied to production isA. 65,025B. 94,287C. 95,020D. 1,52,624If the minimum stock level and average stock level of raw material are 4,000 and 9,000units respectively, find out its reorder quantity.A. 8,000 unitsB. 11,000 unitsC. 10,000 unitsD. 9,000 unitsA worker has a time rate of 15/hr. He makes 720 units of component (standard time : 5minutes/ unit) in a week of 48 hours. His total wages including Rowan bonus for the week isA. 792B. 820C. 840D. 864One of the most important tools in cost planning is__________?A. Direct costB. Cost SheetC. BudgetD. Marginal Costing.
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Term
Fall
Professor
NoProfessor
Tags
Balance Sheet, Generally Accepted Accounting Principles, A Assets, D return, D Sales return, C Preparing

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