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If prime cost is Rs. 20,000; factory overheads are 25% of prime cost and office overheads are 80% of factory overheads then the office cost would be
Which of the following relations are correct for determining different components of a bid price? 1. Bid price = Direct cost + Indirect cost + Mark up amount 2. Direct cost = Project overheads + Common plant and equipment cost + Common work men cost 3. Mark up amount = Profit + Contingency + Allowances for risks + General overheads
"Which of the following statements is/are correct?
1. A materials requisition note is used to record the issue of direct material to a specific job.
2. A typical job cost will contain actual costs for material, labour and production overheads, and non –production overheads are often added as a percentage of total production cost.
3. The job costing method can be applied in costing batches"
. . . . . . . . is the amount by which the absorbed overheads fall short of the actual amount of overheads incurred.
As per AS-ll construction contracts, costs that may be attributable to contract activity in general and can be allocated to specific contracts include
1. insurance
2. freight
3. costs of design and technical assistance that is not directly related to a specific contract
4. manufacturing overheads
5. construction overheads
Select the correct answer:
A company calculates the prices of jobs by adding overheads to the prime cost and adding 30% to total costs as a profit margin. Job number Y256 was sold for Rs1690 and incurred overheads of Rs 694. What was the prime cost of the job?
When . . . . . . . . is used on the basis of budgeted overheads and the rate is applied to the actual base, the actual overhead expenses may be different from the charged overheads.
. . . . . . . . is the excess of overheads absorbed over the actual amount of overheads incurred.
Which of the following statements are true? (a) The sandwich pattern of training for IPS probationers was introduced in 1986. (b) The sandwich pattern of training for IPS probationers was introduced on the recommendations of the Administrative Reforms Commission (ARC). (c) The sandwich pattern of training for IPS probationers was introduced in 1969. (d) The sandwich pattern of training for IPS probationers was introduced on the recommendations of the National Police Commission.
A major amendment was made in 2008 in the Information Technology Act, 2000.
1. Section 66 A, which penalised sending of offensive messages was introduced
2. Section 18 regarding liability of the person, in charge, was introduced
3. Section 11 prohibiting the transmission of programmes was introduced
4. Section 69 gave authorities the power of interception or monitoring or decryption of any information was introduced
Which of the given options are correct for the above statement?