Cost and Managerial Accounting 51. The following information is available for the W hotel for the latest thirty day period. Number of rooms available per night 40 Percentage occupancy achieved 65% Room servicing cost incurred Rs. 3900 The room servicing cost per occupied room-night last period, to the nearest Rs, was:
Rs 3.25 Rs 5.00 Rs 97.50 Rs 150.00 View answer Correct answer: (B) Rs 5.00
52. 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-
22,000 units 20,000 units 21,000 units None of the above. View answer Correct answer: (B) 20,000 units
53. Statutory cost audit are applicable only to:
Firm Company Individual Society View answer Correct answer: (B) Company
54. The summarized balance sheet of Autolight Limited shows the balances of previous and current year of retained earnings Rs. 25,000 and Rs. 35,000. If dividend paid during the current year amounted to Rs. 5,000 then profit earned during the year will be:
Rs. 5,000 Rs. 55,000 Rs. 15,000 Rs. 65,000 View answer Correct answer: (C) Rs. 15,000
5. When the sales increase from Rs. 40,000 to Rs. 60,000 and profit increases by Rs. 5,000, the P/V ratio is ______________
20% 30% 25% 40%. View answer Correct answer: (C) 25%
56. A profit centre is a centre
Where the manager has the responsibility of generating and maximising profits Which is concerned with earning an adequate Return on Investment Both of the above Which manages cost View answer Correct answer: (A) Where the manager has the responsibility of generating and maximising profits
57. Sunk costs are:
relevant for decision making Not relevant for decision making cost to be incurred in future future costs View answer Correct answer: (B) Not relevant for decision making
58. Calculate value of closing stock from the following: Opening stock of finished goods (500 units) : Rs. 2,000 Cost of production (10000 units) : Rs. 50,000 Closing stock (1000 units):?
Rs. 4,000 Rs. 4,500 Rs. 5,000 Rs. 6,000 View answer Correct answer: (C) Rs. 5,000
59. Economic order quantity is that quantity at which cost of holding and carrying inventory is:
Maximum and equal Minimum and equal It can be maximum or minimum depending upon case to case. Minimum and unequal View answer Correct answer: (B) Minimum and equal
60. Calculate Re-order level from the following: Consumption per week: 100-200 units Delivery period: 14-28 days
5600 units 800 units 1400 units 200 units View answer Correct answer: (B) 800 units