D:-None of the above
Correct Answer: Option:

Question15::Which of the following statements are true?
(i) Common-size balance sheet shows relative value of the various items

(0). In the common size income statement, each product is represented as a percentage of the net sales figure
(ii) Common size income statements represent the various elements as a percentage of the gross profit

0
8:800% () ೫೮ (0

Both Gi) and ti)

Dr-All ofthe above
Correct Answer: Option ®

‘Question16:-Break Even Sales in value will be if, selling price Rs. 40 p U, Variable manufacturing cost Rs. 22 p.u, Variable selling cost Rs. 3 p.u., Fixed factory overhead Rs.
1,60,000 Fixed selling cost Rs. 20,000.

12,000
‏0ھ‎
‏6ت‎
‎00
‎Correct Answer:- Option-C
Question17:-f raw materials prices are inflated, which of the following stock valuation methods will show the lowest gross profit?
‘AcLast In First Out (LIFO)
B:-First In First Out (FIFO)
CeReplacement Cost
D-Simple Average
Correct Answer:- Option-é
Question18:-Labour tumover rate is correctly defined as:
‘AcThe number of employees who completed the required job training program
B:-The degree of mobility of employees from one department to another
C-The total number of employees replaced divided by the average number of employees in the payroll
D:The number of employees selected in each year
Correct Answer:- Option-C
Question19:-Angle of incidence is the angle at which
കന്തി revenue line intersects the total cost line
B:Total cost line intersects the variable cost line
C:Variable cost line intersects fixed cost line
D:-Fixed cost line intersects total revenue line
Correct Answer:- Option-é

‘Question20::Which of the following statement is/are correct

(i). Standard costing is an estimated or predetermined cost of performing an operation, or producing a good or service, under normal conditions

(ii) Standard costing is a control technique that reports variances by comparing actual cost to pre-determined standards so facilitating action through management by exception
A-Only (i)

B-Only (i)
C-Both (i) and (i)
D:-None of the above

Correct Answer: Option-C

‘Question21:-A firm has fixed expenses Rs. 1,50,000, sales Rs. 4,00,000 and profit Rs. 80,000. The P/V ratio of the firm is
കം

857.5%
~
5:3396
Correct Answer:- Option ®
Question22:-Integral accounts eliminate the necessity of operating
‘AcCost Ledger control account

B:-Store Ledger control account