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Mera 11-5-12 ko 9:30 per MGT- 402 ka paper tha.
There was 28 Objective Question(2 was calculate Gross Profit,calculate sale,)
Subjective was 4
one was 5 marks 2nd 3 marks and two was 2 marks k thy
All subjective was numericaly about Factory Over Head Cost
Muhammad omer Iqbal thanks for helping other
Can anyone provide me Solved Subjective Question file please?
26 mcqs
2 marks 3
2 marks 5
or baki ye
enjoy it
:-p
Consider the following data: (3)
Particulars
Rs.
Raw material inventory beginning
14,000
Purchases of Raw materials
120,000
Raw material inventory Ending
10,000
Direct labor
200,000
Manufacturing Overhead (actual)
402,000
Manufacturing Overhead (applied)
404,000
What is the amount of under or over applied manufacturing overhead cost?
XYZ Company’s Overhead Budget for the month together with data relating to cost centers is as follow: (5)
Overhead Cost
Rs.
Power
3,200.00
Rent Of Godown
125
Depreciation Of plant
7,500.00
Machine Groups
Bases for Apportionment.
Q
R
S
T
TOTAL
Kilowatt Hours
27,500.00
2,525.00
4,500.00
6,500.00
41,025.00
Small tools and supplies
291
350
55
142
838.00
Floor Space(Sq Ft)
1,100.00
1,105.00
650
550
3,405.00
Capital Cost Of plant
2,450.00
16,000.00
7,500.00
13,000.00
38,950.00
Required: Apportion each of the cost given to the four groups of machine on suitable bases.
Red Corporation instituted a new process in October, during which it started 10,000 units in department A. of the units started, 1,000 units, a normal number were lost during the process, 7,000 were transferred to next department B and 2,000 remained in work in process inventory at the end of the month, 100% completed as to material and 50% as conversion. Material and conversion cost of Rs. 27,000 and Rs. 40,000 were charged to department in October.
Required: Total cost transferred to department B
West Point Company uses predetermined overhead rates to apply manufacturing overhead to jobs. The predetermined overhead rate is based on machine hours in Department A and direct labor cost in Department B and at the beginning of the year, the company made the following estimates:
Particulars
Dept A (Rs.)
Dept B(Rs.)
Direct labor cost
45,000
45,000
Manufacturing overhead
36,000
80,000
Direct labor hours
18,000
16,000
Machine hours
6,000
1,500
What predetermined overhead rates would be used in Department - A and Department - B, respectively? (5)
Entries (3)
Direct Labor
25,000
Indirect Labor
20,000
Sales Salaries
5,000
Administrative Salaries
10,000
Total
60,000
Deductions
Income tax
3,000
Group insurance
2,000
Required: Pass journal entry to record Payroll expense.
Tariq bhai,
Plzz Clear the above curret solve question as early because i am in confuse.My paper is 15/5/2012 at 7.30AM.Waiting
14 may 2012
Q.1 If, Sales = Rs. 800,000
Markup rate = 25% of cost
What would be the value of Gross profit?
Q.2 You made Rs. 10,000 loan to your cousin's company. At the end of one year, the company returned to you Rs. 10,850. The Rs. 850 is called which one of the following?
Q.3 Which of the following manufacturers is most likely to use a job order cost accounting system?
Q.29 What do you think that production in case of process costing is based on Customers’ specific orders? Explain your answer either yes or no.
Q.30 The following data relates to work in process department of ABC Company.
Basic daily pay |
8 hours @ Rs. 7 per unit |
Time allowed |
12 Minutes /unit |
Premium bonus payable at the basic rate |
50% of time saved |
Required: Calculate gross pay for the day if on a particular day an employee finishes 50 units.
Q.31 Gourmet produces “gourmet cola” which is filled in bottles of three sizes; 0.5 liters, 1 liter and 1.5 liters. They assign FOH cost to its products by using a predetermined FOH absorption rate calculated on the basis of units of output. Technical studies reveal that proportion of FOH incurred on one bottle of each size mentioned above is 1:3:5 respectively. Estimated production during the coming year is as follows:
Bottle size |
Production |
0.5 liters |
90000 |
1 liter |
80000 |
1.5 liters |
95000 |
W.32 Write down the advantages of Job analysis.
ya to old past paper 2010 ka hai data .
Mohsan Ali thanks for sharing ur paper
Aslam-O-Alikum Daer All Fellows,,,
MGT402 Ka objective kiss Chapter see aaiya tha zyada?
Past papers see b khuch aiya tha ?
Quiz me see Khuch Aiya tha?
Kindly Reply As soon....
W.Z.A
MGT402 Mid term Spring 2012 Solution
Only descriptive question.
MCQS 25% from past papers.
See the attached file
MGT402-latest solved mcqs with reference by shifa .. File no 1
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