Illustration 1 1) From the following data, calculate Break-even Point ( B∈P) Selling Price Per Unit `40/- Variable Cost Per Unit `30/- Fixed overheads `40,000. If sales are 20% above B∈P , calculate the net profit. ANS: 1) P/V Ratio = Contribution X 100 … Read more
ADVANCE COST ACCOUNTING 1. In case of steam company, the cost per unit is calculated on the basis of (a) Total quantity of lbs. produced (b) Total quantity of kwh. generated (c) Total quantity of tones produced. ANS. A 2. Materials Requisition Note (a) Authorizes and records the issue of materials for … Read more
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M.COM PART 2 FINANCIAL MANAGEMENT MCQ 1. The average collection period for a firm measures the number of days (a) After a typical credit sale is made until the firm receives the payment (b) For a typical check to “clear” through the banking system (c) Beyond the end of the credit period before a typical … Read more