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The normal cost of normal output is Rs. 3,000; value of abnormal loss is Rs. 450 and normal output is 200 units. The units of abnormal loss would be-
A
30 units
B
1,333 units
C
3,000 units
D
None of the above
Correct Answer:
30 units
50 units are processed at a cost of Rs 80, normal loss is 10%, each unit carries a scrap value of 25 paise If output is 40 units, the value of abnormal loss will be _________.
A
Rs. 1.25
B
Rs. 8.00
C
Rs. 8.75
D
Rs. 8.88
"Calculate the value of closing stock from the following according to Weighted Average method:
1st January, 20XX: Opening balance: 50 units @ Rs 4
Receipts:
5th January, 20XX: 100 units @ Rs 5
12th January, 20XX: 200 units @ Rs 450
Issues:
2nd January, 20XX: 30 units
18th January, 20XX: 150 units"
A
Rs. 765
B
Rs. 805
C
Rs. 786
D
Rs. 700
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
Input is 10,000 units and normal loss is 20% of input and abnormal loss is 400 units What is actual output?
A
7600 units
B
10,000 units
C
10, 400 units
D
12,000 units
Chemical engineering plant cost index is used for finding the present cost of a particular chemical plant, if the cost of similar plant at some time in the past is known.
The present cost of the plant = $${\text{original cost}} \times \frac{{{\text{index value at present}}}}{{{\text{index value at time original cost was obtained}}}}.$$
The most major component of this cost index is
A
Fabricated equipment and machinery
B
Process instruments and control
C
Pumps and compressor
D
Electrical equipments and material
The cost of packaging of the mangoes is 40% the cost of fresh mangoes themselves. The cost of mangoes increased by 30% but the cost of packaging decreased by 50%, then the percentage change of the cost of packed mangoes, if the cost of packed mangoes is equal to the sum of the cost of fresh mangoes and cost of packaging :
A
14.17%
B
7.14%
C
8.87%
D
6.66%
If the normal cost of normal production of 80 units is Rs. 400, then the value of abnormal wastage of 5 units will be
A
Rs. 25
B
Rs. 1
C
Rs. 1600
D
Rs. 1800
Following information is available of PQR for year ended March, 20XX: 4,000 units in process, 3,800 units output, 10% of input is normal wastage, Rs 2.50 per unit is scrap value and Rs 46,000 incurred towards total process cost then amount on account of abnormal gain to be transferred to Costing P&L will be:-
A
Rs 2,500
B
Rs 2,000
C
Rs 4,000
D
Rs 3,500
"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
"Calculate the value of closing stock from the following according to FIFO method:
1st January, 20XX: Opening balance: 50 units @ Rs 4
Receipts:
5th January, 20XX: 100 units @ Rs 5
12th January, 20XX: 200 units @ Rs 4.50
Issues:
2nd January, 20XX: 30 units
18th January, 20XX: 150 units"
A
Rs. 765
B
Rs. 805
C
Rs. 786
D
Rs. 700