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Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Cost & Management Accounting
Total manufacturing cost for a period includes all of the fallowing except
A. Total material cost.
B. Total labour cost.
C. Total overhead cost.
D. Cost of finished goods.
Fani Warraich
MANAGEMENT SCIENCES
-
Cost & Management Accounting
Which of the fallowing accounts would not be included in the computation of the cost of goods sold
A. Purchases.
B. Freight in.
C. Purchase discount lost.
D. Purchase discount.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Cost & Management Accounting
When purchase merchandise is returned under a perpetual inventory system a credit would be made to
A. Purchases.
B. Purchase return.
C. Carriage in.
D. Stock.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Cost & Management Accounting
In a manufacturing company product cost include
A. Material + Labour + Overhead cost.
B. Labor + overhead cost.
C. All of these.
D. None of these.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Cost & Management Accounting
Cost volume profit analysis is the method used to estimate the impact on profit is of changes in
A. Sale volume.
B. Unit sale price.
C. Unit variable cost.
D. All of these.
Muhammad Tayyab Ikhlas
MANAGEMENT SCIENCES
-
Cost & Management Accounting
The master budget comprises of
A. A balance sheet.
B. An income statement.
C. Cash budget.
D. All of above.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Cost & Management Accounting
The maximum number of partners in Pakistan can be fixed at the following
A. 10.
B. 20.
C. 30.
D. 40.
Bashir Farooqi
MANAGEMENT SCIENCES
-
Cost & Management Accounting
Net income plus operating expenses is equal to
A. Cost of goods available for sale.
B. Net sales.
C. Gross profit.
D. None of these.
Jamal Khan
MANAGEMENT SCIENCES
-
Cost & Management Accounting
A good Cost Accounting System is
A. If it enables management to increase productivity and rationalize cost structure.
B. If it cannot be reconciled with financial accounts.
C. If it computes estimated cost only.
D. If it only calculate cost figures.
Jamal Khan
MANAGEMENT SCIENCES
-
Cost & Management Accounting
Process Costing method is related to
A. Flour industry.
B. Furniture industry.
C. Cement industry.
D. All of these.
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MANAGEMENT SCIENCES
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