‘AcStatement a and b only are true
B:-Statement a only are true
Statement a, b and c only are true
D:-Statement a, b, cand d are true
Correct Answer:- Option-C

Question15:-Cost of Goods Sold is ‏0ء‎

Opening Inventory is 40,000

Closing Inventory is 60,000

Inventory Turnover Ratio is
‘10 times
B:-9 times
6.14 times
D:5 times
Correct Answer:- Option-é

Question16:-An Example for the lrrelevance Theory of Dividend is
‘AcWalter’s Model
B:-Gordon’s Model
C:Modigliani and Miller Model
D-Capital Asset Pricing Model
Correct Answer:- Option-C

Question17:-The costing method suitable for Oil Refineries
‘AcContract Costing
७८०७ 0००६५
Process Costing
D-Batch Costing
Correct Answer:- Option-C

Question18:-Cost of Direct Material is 10,000

Cost of indirect Material is 5.000

Cost of Direct labour is 20,000

Cost of indirect Labour is 8,000

Cost of Direct Expense is 6,000

Cost of indirect Expense is 3,000

The Prime Cost is
52,000
‏0ھ‎
‎208
‎0-39.000

Correct Answer: Option ®

Question19::Which of the following in NOT TRUE in respect of perpetual Inventory Control?

‘A:Continuous stock staking for all each receipts and issue

B:-Bin Cards are used for arriving the continuous balancing of stack of materials

C:Stores Ledgers are used for continuous balancing of quantity and amount of material for each receipts and issue

D:-ABC Analysis is carried out to classify the materials

Correct Answer: Option-D

‘Question20::Which of the following is NOT considered for the calculation of cost of production?

‘AcCost of wages
B:-Cost of Normal idle Time
C=Cost of Abnormal Idle Time
D-Cost of Over Time Wages

Correct Answer: Option-C

‘Question21:-Which of the following statement is NOT correct in respect of overhead?

A:Service Department cost are allocated directly to the production departments

B:-Overheads which are directly identifiable with a specific cost centres are allocated to that cost centre

C-Overheads incurred for two or more departments or cost centres are apportioned to each cost centres