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# MGT 402 All Current Mid Term Papers Spring 2013 (25 May 2013 ~ 06 June 2013) at One Place

All Current Mid Term Papers Spring 2013 (25 May 2013 ~ 06 June 2013) at One Place

From 25 May 22, 2013 to 06 June 2013 Spring 2013

Current Mid Term Papers Spring 2013 Papers, May 2013 Mid Term Papers, Solved Mid Term Papers, Solved Papers, Solved Past Papers, Solved MCQs

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Total Questions: 27

Total MCQs of 1 Mark: 22

Total Short Subjective Question of 3 Marks:3

Total Short Subjective Question of 5 Marks:2

. 1- calculate variable FOH absorbtion rate ... pg no. 122 (3)

2-calculate efficiency ration...pg no. 99...question no.1 of problem question. (3)

3-write formula of closing finished good inventory...pg no.36 (3)

4-calculate departmental rate, data was given (for hints see pg no. 107 ques no. 2) (5 marks)

5- what information is written on job cost sheet...pg no. 74 (5 marks)

A company employs 4800 employees. During the past 12 months, 660 employees left the company and had to be replaced. Determine labor turnover ratio.

Levis uses predetermined overhead rates to apply manufacturing overhead to jobs. The predetermined overhead rate is based on machine hours in stitching department and direct labor cost in packing department and at the beginning of the year, the company made the following estimates:

 Particulars Stitching Dept  (Rs.) Packing Dept (Rs.) Direct labor cost 125000 146000 Manufacturing overhead 86000 72000 Direct labor hours 36000 48000 Machine hours 73000 82000

What predetermined overhead rates would be used in stitching and packing Department respectively?

FM motors works collects its cost data by the job order cost accumulation procedure. For job # 111, the following data are available:

 Direct Material Issued Direct labour Date Rs. 14-8-10 1300 13-8-10 180 hrs @ Rs. 6.00 /hr 20-8-10 668 21-8-10 150 hrs @ Rs. 7.5/hr 22-8-10 450

Factory overhead is applied at the rate of Rs. 15.00 per direct labour hour.

Required: The appropriate information entered on a job order cost sheet.

Fm Motors

Irfan Industries Limited has two production departments A and B and two mutually interdependent service departments X and Y. Cost of service departments is apportioned on the basis of following %ages:

 A B X Y Service department X 50% 30% - 20% Service department Y 40% 50% 10% -

Following figures of departmental costs are available after the primary distribution:

 Department A 15,750 Department B 7,500 Department X 11,750 Department Y 5,000

Calculate total factory overhead of production department by preparing a work sheet showing the secondary distribution using Repeated apportionment method.

Cost of material consumed under FIFO, Average Cost            and LIFO costing method is Rs. 3,420, Rs. 3,465, and Rs. 3,545. Conversion Cost is Rs. 16,500. 1,000 units of the product were manufactured out of which 800 @ Rs. 30 units sold. There were no beginning and ending inventories of work in process and finished goods.

Required: Calculate per unit cost under FIFO, Weighted Average and LIFO costing methods.

Just Completed my paper:

22 MCQs 5 Numericals:

1- Caluculation under FIFO Method

2- Calulation Under Rowan Premium Plan

3- Calculation Under Halsey Premium plan

4- Cost of Equivalent Unit produced and unit cost of direct material, labour & FOH.

5- Job # 101, Calculate Total Factory Cost.

Saifullah Ansari thanks for sharing

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