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Mid Term Papers SUBJECTUIVE FILE OF MGT402 SOLVED BY AFAAQ

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there seems something wrong in calculating total carrying cost, how u have calculated, show procedure?

nice work

The abbreviation LIFO is: 
Select correct option: 
Large integrated financial organization 
Least interesting financial option 
Last-in-First-out method 
None of the given options 
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Question # 2 of 10 ( Start time: 06:10:28 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 
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Question # 3 of 10 ( Start time: 06:11:42 PM ) Total Marks: 1 
Which of the following is correct? 
Select correct option: 
Units sold=Opening finished goods units + Units produced – Closing 
finished goods units 
Units Sold = Units produced + Closing finished goods units - Opening finished 
goods units 
Units sold = Sales + Average units of finished goods inventory 
Units sold = Sales - Average units of finished goods inventory 
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sec(s) 
Question # 4 of 10 ( Start time: 06:12:30 PM ) Total Marks: 1 
Gross pay less deductions represents all except: 
Select correct option: 
Net pay 
Take home pay 
Total pay

Other income 
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Question # 5 of 10 ( Start time: 06:13:33 PM ) Total Marks: 1 
“Taking steps for the fresh purchase of those stocks which have been exhausted and for 
which requisitions are to be honored in future” is an easy explanation of: 
Select correct option: 
Overstocking 
Under stocking 
Replenishment of stock 
Acquisition of stock 
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Question # 6 of 10 ( Start time: 06:14:33 PM ) Total Marks: 1 
If, COGS = Rs. 50,000 GP Margin = 25% of sales What will be the value of Sales? 
Select correct option: 
Rs. 200,000 
Rs. 66,667 
Rs. 62,500 
None of the given options 
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Question # 7 of 10 ( Start time: 06:15:30 PM ) Total Marks: 1

Cost of Goods Manufactured can be calculated as follow 
Select correct option: 
Total factory Cost Add Opening Work in process inventory Less 
Closing Work in process inventory 
Total factory Cost Less Opening Work in process inventory Add Closing Work in 
process inventory 
Total factory Cost Less Opening Work in process inventory Less Closing Work in 
process inventory 
Total factory Cost Add Opening Work in process inventory Add Closing Work in 
process inventory 
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Question # 8 of 10 ( Start time: 06:16:22 PM ) Total Marks: 1 
EOQ is the order quantity that _________ over our planning horizon 
Select correct option: 
Minimizes total ordering costs 
Minimizes total carrying costs 
Minimizes total inventory costs 
Minimize the required safety stock 
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Question # 9 of 10 ( Start time: 06:17:23 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 
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Question # 10 of 10 ( Start time: 06:18:19 PM ) Total Marks: 1 
From employer point of view, the total cost of wages and salaries is a combination of 
which of the following? 
Select correct option: 
Gross wages and salaries+employer's provident fund contributions 
Gross wages and salaries+employee's provident fund contributions 
Gross wages and salaries + Income Tax deductions 
Gross wages and salaries + pension scheme payments

 

Check it 

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