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MGT402 Today Paper
Total Questions = 27
Total MCQ = 22 (Each of 1 Marks)
Total Short Questions = 3 (Each of 3 Marks)
Total Long Questions = 2 (Each of 5 Marks)
1. Explain equivalent production. Marks 3
2. There are two wage rate principles i.e. time wage and piece rate. Explain these systems. Marks 3
3. ABC company’s data is as under:
400 units already in inventory @ Rs. 5
Additional 500 units purchased @ Rs. 6
ABC Company sold 800 units @ Rs. 8
If ABC Company is following LIFO method than compute GROSS MARGIN to be shown on income statement. Marks 3
4. Wage rate per hour Rs. 3.50
Time allowed for the job 21 hours
Time taken 19 hours.
1. Calculate the Gross earnings of the worker according to Halsey Premium Plan.
2. Find out effective “rate of earnings” Marks 5
5. Marks 5
Units transferred to next department 40,000
Units still in process (all material, 2/3 labour & FO H) 8,000
Following costs were added during the process.
Factory overhead 50,500
You are required to calculate equivalent units of material, labour and factory
Overhead and unit cost of material, labour and factory overhead.
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