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MGT402 Online Quiz No 2 spring 2012

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Please Share your online Quizzes here to help each other.thanks

check the attach file, i given 03 Quizzes and total from this file. 

Attachments:

Question # 1 of 10 ( Start time: 02:56:22 PM ) Total Marks: 1
In furniture manufacturing use of nail, pins, glue, and polish which use to increase its esteem value that cost is treated as:
Select correct option:

Direct material cost
Indirect material cost
FOH cost
Prime cost

Question # 2 of 10 ( Start time: 02:57:16 PM ) Total Marks: 1
Alpha company purchased a machine worth Rs 200,000 in the last year.Now that machine can be use in a new project which company has received this year. Now the cost of that machine is to be called:
Select correct option:

Project cost
Sunk cost
Opportunity cost
Relevant cost

Question # 3 of 10 ( Start time: 02:58:28 PM ) Total Marks: 1
If, COGS = Rs. 70,000 GP Margin = 30% of sales What will be the value of Sales?
Select correct option:

Rs. 200,000
Rs. 66,667
Rs. 100,000
Rs. 62,500

Question # 4 of 10 ( Start time: 02:59:37 PM ) Total Marks: 1
Which of the following is/are not associated with ordering costs?
Select correct option:

Interest
Insurance
Opportunity costs
All of the given options

Question # 5 of 10 ( Start time: 03:00:22 PM ) Total Marks: 1
EOQ is a point where:
Select correct option:

Ordering cost is equal to carrying cost
Ordering cost is higher than carrying cost
Ordering cost is lesser than the carrying cost
Total cost is maximum

Question # 6 of 10 ( Start time: 03:01:45 PM ) Total Marks: 1
Under/Over applied FOH cost can be adjusted in which of the following:
Select correct option:

Entire Production
Cost of Good sold
Net Profit
All of given options

Question # 7 of 10 ( Start time: 03:02:40 PM ) Total Marks: 1
Inventory turnover ratio can be calculated as follow?
Select correct option:

Cost of goods sold/Average inventory
Gross profit/Average inventory
Cost of goods sold/sale
Cost of goods sold/Gross profit

Question # 8 of 10 ( Start time: 03:03:08 PM ) Total Marks: 1
Net sales = Sales less:
Select correct option:

Sales returns
Sales discounts
Sales returns & allowances
Sales returns & allowances and sales discounts

Question # 9 of 10 ( Start time: 03:04:05 PM ) Total Marks: 1
Amount of net purchase can be calculated as follow
Select correct option:

Purchase of direct material add trade discount less purchase return add carriage inward less other material handling cost
Purchase of direct material less trade discount l add purchase return add carriage inward less other material handling cost
Purchase of direct material less trade discount less purchase return less carriage inward add other material handling cost
Purchase of direct material less trade discount less purchase return add carriage inward add other material handling cost

Question # 10 of 10 ( Start time: 03:05:10 PM ) Total Marks: 1
Under LIFO method the value of issues is close to:
Select correct option:

Second hand price
Current market price
Historical cost
All of given options

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