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"From the following information, calculate the extra cost of material by following EOQ:<br>Annual consumption = 45000 units<br>Ordering cost per order = Rs 10<br>Carrying cost per unit per annum = Rs 10<br>Purchase price per unit = Rs 50<br>Re-order quantity at present = 45000 units<br>There is discount of 10% per unit in case of purchase of 45000 units in bulk"
A
No saving
B
Rs. 2,00,000
C
Rs. 2,22,010
D
Rs. 2,990
Correct Answer:
Rs. 2,990
Raw material purchased:
1
st
January, 600 units @ Rs. 12 per unit
12
th
January, 500 units @ Rs. 14 per unit
21
st
January, 300 units @ Rs. 13 per unit
Raw material issued for manufacture:
3
rd
January 300 units
5
th
January 124 units
15
th
January 250 units
16
th
January 300 units
Raw material returned to stores from manufacturing department on 14
th
January, 50 units. The material is issued on First-in-First out method.
The value of material remaining in store on 21
st
January will be:
A
5,775
B
6,100
C
6,350
D
6,600
"It is now expected that the variable production cost per unit and the selling price per unit will each increase by 10%, and fixed production cost will rise by 25%. What will be the new break even point?
Selling price - Rs 6 per unit
Variable production cost - Rs 1.20 per unit
Variable selling cost - Rs 0.40 per unit
Fixed production cost - Rs 4 per unit
Fixed selling cost - Rs 0.80 per unit
Budgeted production and sales for the year are 10,000 units."
A
8,788 units
B
11,600 units
C
11,885 units
D
12,397 units
A trader sells two brands of petrol; one is Extra Premium and other one is speed. He mixes 12 litres Extra Premium with 3 litres of speed and by selling this mixture at the price of Extra Premium he gets the profit of 9.09. If the price of Extra Premium Rs. 48 per litre, then the price of Speed is:
A
Rs. 38 per litre
B
Rs. 42 per litre
C
Rs. 28 per litre
D
Rs. 18 per litre
E
None of These
"How many units must be sold if company wants to achieve a profit of Rs 11,000 for the year?
Selling price - Rs 6 per unit
Variable production cost - Rs 1.20 per unit
Variable selling cost - Rs 0.40 per unit
Fixed production cost - Rs 4 per unit
Fixed selling cost - Rs 0.80 per unit
Budgeted production and sales for the year are 10,000 units."
A
2,500 units
B
9,833 units
C
10,625 units
D
13,409 units
The price of a commodity is Rs. 20 and the quantity demanded at this price is 200 units. If the price falls to Rs. 16 and the quantity demanded increases to 280 units, calculate the price (arc) elasticity
A
1.6
B
1.5
C
1.9
D
1.3
"Calculate EOQ (approx) from the following details:
Annual Consumption: 24000 units
Ordering cost: Rs 10 per order
Purchase price: Rs 100 per unit
Carrying cost: 5%"
A
310
B
400
C
290
D
300
"What is the company's breakeven point:
Selling price - Rs 6 per unit
Variable production cost - Rs 1.20 per unit
Variable selling cost - Rs 0.40 per unit
Fixed production cost - Rs 4 per unit
Fixed selling cost - Rs 0.80 per unit
Budgeted production and sales for the year are 10,000 units."
A
8,000 units
B
8,333 units
C
10,000 units
D
10,909 units
If the labour cost 20% of the cost of production and raw material cost 10% of the cost of production and the price on which article is sold is 20% above the cost of production. If the price of labour is increased by 40% and the price of raw material increased by 20% and rest other expenditure of cost remain constant. The industrythus decide to increase the selling price by 10%. Find the new profit percent ?
A
18%
B
20%
C
22%
D
24%
"After inviting tenders for supply of raw materials, two quotations are received as follows—
Supplier P Rs 2.20 per unit, Supplier Q Rs 2.10 per unit plus Rs 2,000 fixed charges irrespective of the units ordered. The order quantity for which the purchase price per unit will be the same—"
A
22,000 units
B
20,000 units
C
21,000 units
D
None of the above.
Marked price of an item is Rs 200. On purchase of 1 item discount is 22%, on purchase of 4 items discount is 33%. Rabia buys 5 items, what is theeffective discount?
A
35 percent
B
30.8 percent
C
20.4 percent
D
34 percent