Page 16 of 25 A. 800 units B. 920 units C. 1,000 units D. 200 | Information Science and Technology

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A. 800 units B. 920 units C. 1,000 units D. 200 units E.1,200 units
28. The cost per equivalent units is
A. Br. 50.32 B.Br. 50 C. Br. 0.50 D. Br. 10 E.Br.40
29. The labor costs embodied in the goods transferred out amount to
A. Br. 40,000 B. Br. 50,000 C. Br. 10,000 D. Br. 40,256 E. None
30. The labor cost embodied in the ending work in process is
A. Br.1000 B. Br. 10,000 C. 50,000 C. 40,000 D. Br. 10,064 E. None
Please use Forming Department of Nice Company information given above and additional
shown below & answer question No.31-34
Additional information
Beginning WIP costing method ………………………FIFO
Stage of completion for beginning WIP……………… 80%
31. Equivalent units of production as per of labor is
A. 840 units B. 920 units C. 1000 units D. 200 units E.800 units
32. The cost per equivalent units is
A. Br. 50 B.Br. 48 C. Br. 0.50 D. Br. 10 E.Br.40
33. The labor costs embodied in the goods transferred out amount to
A. Br. 40,000 B. Br. 1,920 C. Br30, 720 D. Br. 28,800 E. None
34 The labor cost embodied in the ending work in process is
A. Br.1000 B. Br. 10,000 C. 50,000 D. 9,600 D. Br. 32,000
Given:- Data Chemical Company Joint products are named Release & Buff. The following
information relating to quantity produced and sales of the product. Common Cost of the period
assumes Br. 81,700. Based on the given information answer question 35 & 36
Product Units in terms of
gallons
Sales Per Unit Total Sales Value
Release 128,000 Br.0.60 Br. 76,800
Buff 62,000 0.80 49,600
Total sales value 190,000 gallons Br. 126,400
35. If common cost allocation made based on physical units & then manufacturing cost of
Release & Buff respectively is
A. Br. 0.43 per gallons C. Br. 26,660 & Br. 55,040
B. Br. 55,040 & Br. 26,660 in total D. A & B E. None of the above
36. If common cost allocation made based on Relative Sales Value & then manufacturing cost of
Release & Buff respectively is
A. Br. 49,640.50 & Br. 32,059.50 C. Br. 26,660 & Br. 55,040
B. Br. 55,040 & Br. 26,660 in total D. Br.32, 059.50 & Br. 49,640 E. None of the above
37. Job Order Costing System characterized by the following except
A. products are manufactured based on customer specification
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C. Decrease the current ratio and increase the acid-test ratio.
D. Decrease the current ratio and decrease the acid-test ratio.
3. ABC Corporation has a current ratio of 3.2. Which of the following transactions will increase
ABC's current ratio?
A. The purchase of inventory for cash. C. The collection of an account receivable.
B. The payment of an account payable. D. none of the above.
4. The true owners of the corporation are the:
A. holders of debt issues of the firm. C. preferred stockholders.
B. board of directors of the firm. D. common stockholders.
5. Which of the following involves significant financial investments in projects to develop
new products, expand production capacity, or remodel current production facilities?
A. Capital budgeting B. Working capital
C. Master budgeting D. Project-cost budgeting
6. Whenever evaluating two capital projects, which one of the following decision rules is
accepted?
A. The project with longer payback period.
B. The project with lower accounting rate of return.
C. The project with positive and higher NPV.
D. The project with less than 1 Profitability index.
7. You are investing $1 today in a savings account at your local bank. Which one of the
following terms refers to the value of this investment one year from now?
A. Future value C. Present value
B. Principal amounts D. Discounted value
8. Which of the following statements is correct?
A. The cash flows for an ordinary annuity all occur at the beginning of the periods.
B. If a series of unequal cash flows occurs at regular intervals, such as once a year, then the
series is by definition an annuity.
C. The cash flows for an annuity due must all occur at the ends of the periods.
D. The cash flows for an annuity must all be equal, and they must occur at regular intervals.
9. You plan to analyze the value