Find the cost of goods sold if goods are sold for 2,000 at 25% profit on cost?A. 1,600 B. 1,500 C. 1,000 D. 1,800Total Sales value =2000 Gross Profit =25 % of Sales = 25/100×2000 = 500 Gross Profit Cost…

A Ltd. Has sales of 2,200, total fixed cost of 570, variable cost of 1,540, raw material consumed of ` 1,100, number of units sold 22,000. What shall be the BEP 9 in units) if raw material price is reduced…

One of the most important tools in cost planning is__________? A. Direct cost B. Cost SheetC. Budget D. Marginal Costing.

A worker has a time rate of 15/hr. He makes 720 units of component (standard time : 5 minutes/ unit) in a week of 48 hours. His total wages including Rowan bonus for the week is A. 792 B. 820…

If the minimum stock level and average stock level of raw material are 4,000 and 9,000 units respectively, find out its reorder quantity. A. 8,000 units B. 11,000 unitsC. 10,000 units D. 9,000 units

Consider the following data pertaining to the production of a company for a particular month : Opening stock of raw material 11,570Closing stock of raw material 10,380Purchase of raw material during the month 1,28,450Total manufacturing cost charged to product 3,39,165Factory…

A company is currently operating at 80% capacity level. The production under normal capacity level is 1,50,000 units. The variable cost per unit is ` 14 and the total fixed costs are ` 8,00,000. If the company wants to earn…

If the asset turnover and profit margin of a company are 1.85 and 0.35 respectively, the return on investment is. A. 0.65 B. 0.35 C. 1.50 D. 5.29

Budgeted sales for the next year is 5,00,000 units. Desired ending finished goods inventory is 1,50,000 units and equivalent units in ending W-I-P inventory is 60,000 units. The opening finished goods inventory for the next year is 80,000 units, with…