Bissoy.com
Doctors Medicines MCQs Q&A

Which of the following is said to be the cost of raw materials?

Which of the following is said to be the cost of raw materials? Correct Answer All of the mentioned

The cost of raw material is the sum of six items: (1) cost at point of production, (2) cost of collection, (3) cost of transportation, (4) cost of storage to ensure year-round supply, (5) cost of preparation for use, (6) and cost of disposing of by-products.

Related Questions

The price of raw materials has gone up by 15%, labor cost has also increased from 25% of the cost of raw material to 30% of the cost of raw material. By how much percentage should there be reduction in the usage of raw materials so as to keep the cost same?
The price of raw meterials had gone up by 15% labor cost has also increased from 25% of the cost of ras material to 30% of the cost of raw material. By how much percentage should there be reduction in the usage of raw materials so as to keep the cost same?
The cost of raw materials of a product increases by 30%, the manufacturing cost increases by 20% and the selling price of the product increases by 60%. The raw material and the manufacturing cost originally formed 40% and 60% of the total cost respectively. If the original profit percentage was one - fourth the original manufacturing cost, find the approximate new profit percentage.
If the labour cost 20% of the cost of production and raw material cost 10% of the cost of production and the price on which article is sold is 20% above the cost of production. If the price of labour is increased by 40% and the price of raw material increased by 20% and rest other expenditure of cost remain constant. The industrythus decide to increase the selling price by 10%. Find the new profit percent ?
Seven chocolates, A, B, C, D, E, F and G, are bought at different costs between Rs. 40 and Rs. 50 (excluding both Rs. 40 and Rs. 50) but not necessarily in the same order. The cost of chocolate C is Rs. 5 less than that of chocolate E. The cost of chocolate A is a prime number. The cost of chocolate F is Rs. 2 more than that of chocolate A. The cost of chocolate F is more than that of chocolate E. The cost of chocolate D is an odd number. The cost of chocolate G is Rs. 3 more than the cost of chocolate D. None of the chocolates cost Rs. 44. The cost of chocolate B is an even number. What is the cost of chocolate E?
The price of raw ingredients has increased by 10% and labour charge also increased from 15% of cost of raw ingredients to 20% of the new cost of raw ingredients. To keep price same by how much percentage there should be reduction in the total cost?
Previously, the manufacturing cost of a product was thrice the cost of raw material. Now the cost of raw material increases in the ratio 5 : 12 and manufacturing cost increases in the ratio of 3 : 5. The previous cost of the product was Rs. 8. What should be the present selling price so that 25% profit can be made?
Product X is produced by mixing chemical A and chemical B in the ratio of 5 : 4. Chemical A is prepared by mixing two raw materials, P and Q, in the ratio of 1 : 3. Chemical B is prepared by mixing raw materials, Q and R, in the ratio of 2 : 1. Then the final mixture is prepared by mixing 8640 units of product X with water. If the concentration of the raw material Q in the final mixture is 50%, how much water had been added to product X?
Which one of the following is the correct sequence of various stages of operating cycle of a manufacturing company?  1. Raw material conversion period, work-in-progress conversion period, Finished goods conversion period, Receivables conversion period 2. Raw material conversion period, work-in-progress conversion period, Creditors payment period, Receivables conversion period 3. Creditor payment period. Raw material conversion period, Receivables conversion period, work-in- progress conversion period 4. Raw material conversion period, Finished goods conversion period, work-in- progress conversion period. Receivables conversion period 
conclusions. Taking the given statements to be true even if they seem to be at variance from commonly known facts, read all the conclusions and then decide which of the given conclusion logically follows the given statements. Statements: I. Some mangoes are not red. II. All red are raw. III. Some raw are mangoes. Conclusions: I. Some mangoes are not raw. II. Some red are not mangoes. III. All raw are red.