32. Calculate the labour turnover rate according to replacement method from the following: No of workers on the payroll: – At the beginning of the month: 500 – At the end of the month: 600 During the month, 5 workers left, 20 workers were discharged and 75 workers were recruited Ofthese, 10 workers were recruited in the vacancies of those leaving and while the rest were engaged for an expansion scheme

4.55%
1.82%
6%
3%

Detailed SolutionCalculate the labour turnover rate according to replacement method from the following: No of workers on the payroll: – At the beginning of the month: 500 – At the end of the month: 600 During the month, 5 workers

left, 20 workers were discharged and 75 workers were recruited Ofthese, 10 workers were recruited in the vacancies of those leaving and while the rest were engaged for an expansion scheme

33. Cost pattern, when production inputs are to be used in discrete functions, but quantities are fractional, will be categorized as

continuously variable cost function
fixed cost function
mixed cost function
semi variable cost function

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class="screen-reader-text">Cost pattern, when production inputs are to be used in discrete functions, but quantities are fractional, will be categorized as

35. “Which of the following would explain an adverse variable production overhead efficiency variance? 1 Employees were of a lower skill level than specified in the standard 2 Unexpected idle time resulted from a series of machine breakdown 3 Poor Quality material was difficult to process”

(1), (2) and (3)
(1) and (2)
(2) and (3)
(1) and (3)

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576 512"> Subscribe on YouTube
was difficult to process”" class="read-more button" href="https://exam.pscnotes.com/mcq/which-of-the-following-would-explain-an-adverse-variable-production-overhead-efficiency-variance-1-employees-were-of-a-lower-skill-level-than-specified-in-the-standard-2-unexpected-idle-time-result/#more-57202">Detailed Solution“Which of the following would explain an adverse variable production overhead efficiency variance? 1 Employees were of a lower skill level than specified in the standard 2 Unexpected idle time resulted from a series of machine breakdown 3 Poor Quality material was difficult to process”

36. “A ltd is a manufacturing company that has no production resource limitations for the foreseeable future. The Managing Director has asked the company mangers to coordinate the preparation of their budgets for the next financial year. In what order should the following budgets be prepared? (1) Sales budget (2) Cash budget (3) Production budget (4) Purchase budget (5) Finished goods inventory budget”

(2), (3), (4), (5), (1)
(1), (5), (3), (4), (2)
(1), (4), (5), (3), (2)
(4), (5), (3), (1), (2)

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next financial year. In what order should the following budgets be prepared? (1) Sales budget (2) Cash budget (3) Production budget (4) Purchase budget (5) Finished goods inventory budget”" class="read-more button" href="https://exam.pscnotes.com/mcq/a-ltd-is-a-manufacturing-company-that-has-no-production-resource-limitations-for-the-foreseeable-future-the-managing-director-has-asked-the-company-mangers-to-coordinate-the-preparation-of-their-bu/#more-57184">Detailed Solution“A ltd is a manufacturing company that has no production resource limitations for the foreseeable future. The Managing Director has asked the company mangers to coordinate the preparation of their budgets for the next financial year. In what order should the following budgets be prepared? (1) Sales budget (2) Cash budget (3) Production budget (4) Purchase budget (5) Finished goods inventory budget”

37. Part of master budget, which covers capital expenditures, budgeted statement of cash flows and balance sheet is classified as

financial budget
capital budget
cash flows budget
balanced budget

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sheet is classified as" class="read-more button" href="https://exam.pscnotes.com/mcq/part-of-master-budget-which-covers-capital-expenditures-budgeted-statement-of-cash-flows-and-balance-sheet-is-classified-as/#more-57176">Detailed SolutionPart of master budget, which covers capital expenditures, budgeted statement of cash flows and balance sheet is classified as

38. Budgeting method, which incorporates an improvement anticipated in budgeting period into budget numbers can be classified as

anticipated budgeting
number budgeting
predict budgeting
kaizen budgeting

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42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube period into budget numbers can be classified as" class="read-more button" href="https://exam.pscnotes.com/mcq/budgeting-method-which-incorporates-an-improvement-anticipated-in-budgeting-period-into-budget-numbers-can-be-classified-as/#more-57170">Detailed SolutionBudgeting method, which incorporates an improvement anticipated in budgeting period into budget numbers can be classified as

39. The value of opening stock as on 1stJanuary 2003 was Rs. 7,000 stock of Rs. 23,000 in January were purchased. COGS was Rs. 21,000. What was the value of closing stock as on 31st January, 2003?

Rs. 7,000
Rs. 5,000
Rs. 2,000
Rs. 9,000

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of closing stock
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as on 31st January, 2003?" class="read-more button" href="https://exam.pscnotes.com/mcq/the-value-of-opening-stock-as-on-1stjanuary-2003-was-rs-7000-stock-of-rs-23000-in-january-were-purchased-cogs-was-rs-21000-what-was-the-value-of-closing-stock-as-on-31st-january-2003/#more-57149">Detailed SolutionThe value of opening stock as on 1stJanuary 2003 was Rs. 7,000 stock of Rs. 23,000 in January were purchased. COGS was Rs. 21,000. What was the value of closing stock as on 31st January, 2003?

40. Costs of all activities for individual products or services can be called

purpose level costs
output-unit level costs
input-unit level costs
activity level costs

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href="https://exam.pscnotes.com/mcq/costs-of-all-activities-for-individual-products-or-services-can-be-called/#more-57147">Detailed SolutionCosts of all activities for individual products or services can be called

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