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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.

                            Materials                               Rs.40,500
                            Labour                                     101,700
                            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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