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

10
B:-Both 0) are (i)
೦-80 6) and ti)

ലല ofthe above
Correct Answer: Option ®

Question16:-Break Even Sales in value will be if, selling price Rs. 40 p ७, Variable manufacturing cost Rs. 22 p.u, Vatiable 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)
Bs-First In First Out (FIFO)
CeReplacement Cost
D-Simple Average
Correct Answer:- ೦೧000
Question18:-Labour tumover rate is correctly defined as:
കസം 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
ണം 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 ine
C:Variable cost line intersects fixed cost line
D:-Fixed cost line intersects total revenue line
Correct Answer:- ೦೧000

‘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
கரடி 0)

B-Only (i)
೦8000 (i) and (1)
D:-None of the above

Correct Answer: Option-C

Question21:-A firm has fixed expenses Rs. 2,50,000, sales Rs. 4,00,000 and profit Rs. 80,000. The P/V ratio of the firm is
കം

2:5796
೦28%
0:33.33%
Correct Answer: ೦೧0078.
Question22:-Integral accounts eliminate the necessity of operating
‘AcCost Ledger control account

B:-Store Ledger control account