Accounting

Question: Cost Of Goods Sold ` 30,000, Opening Inventory ` 9,000, Closing Inventory ` 7,800.What Was The  Inventory Turnover Ratio? a. 3.57 times b. 3.67 times c. 3.85 times d. 5.36 times

Question: Cost Accounting Concepts Include All Of The Following Except a. Planning b. Controlling c. Sharing d. Costing

Question: Closing Work In Process Inventory Of Last Year? a. Is treated as Opening inventory for current year b. Is not carried forward to next year c. Become expense in the next year d. Charge…

Question: Weighted Average Cost Per Unit Is Calculated By Which Of The Following Formula? a. Cost of goods issued/number of units issued b. Total Cost/Total Units c. Cost of goods manufactured/closing units d. Cost of…

Question: Nelson Company Has Following FOH Detail.  Budgeted (`) Actual (`) Production Fixed Overheads 36,000 39,000  Production Variable Overheads 9,000 12,000  Direct Labor Hours 18,000 20,000 a. Under applied by `1,000 b. Over…

Question: Which Of The Following Element Must Be Taken Into Account While Calculating Total Earnings Of A Worker Under Different Incentive Wage Schemes? a. Rate per unit b. Units of production c. Extra time taken…