Related Questions

Costing system, which is a combination of process costing and job costing system is classified as
A weighted costing system
B average costing system
C hybrid costing system
D double costing system
In normal costing, budgeted rate is multiplied to an actual quantity, which have been used as allocation base to calculate
A budget overhead applied
B manufacturing overhead applied
C labour overhead applied
D none of above
A fruit salad is made by mixing 3 kgs of mango costing Tk 120 per kg and 2kgs of papaya costing Tk 100 per kg and 2 kgs of grapes costing Tk 140 per kg. At what price (in Taka) per kg should the mixture be sold to make a profit of 25 percent?
A 125
B 150
C 175
D None of these
A candy dealer makes up a mixture of 3 parts of candy costing him Tk. 60 per pound with 2 parts of candy costing him Tk. 70 per pound and 2 parts of candy costing him Tk. 50 per pound. At what price per pound should he sell his mixture to make a profit of 25 percent?
A Tk. 50
B Tk. 60
C Tk. 70
D Tk. 75
An allocation approach, in which all overhead entries are restated using actual cost rates in place of budgeted rates is called
A unadjusted budget rate approach
B adjusted allocation rate approach
C unadjusted allocation rate approach
D adjusted budget rate approach
Costing technique, which traces direct costs by multiplying price rate for producing actual outputs is known as
A constant costing
B standard costing
C unit costing
D batch costing
Two lots of onions with equal quantity, one costing Tk. 10 per kg and the other costing Tk. 15 per kg are mixed together and whole lot is sold at Tk. 15 per kg . What is the profit or loss?
A 10% loss
B 10 % profit
C 20% loss
D 20% profit
An approach which yields benefits of normal costing and actual manufacturing overhead is classified as
A unadjusted allocation rate approach
B adjusted budget rate approach
C unadjusted budget rate approach
D adjusted allocation rate approach
Two types of tea, Sreemangal Red costing Tk. 50 per kg and Sreemangal Black costing Tk. 70 per kg, are mixed together to form a new blend of tea. If the new blend costs Tk. 58 per kg, how much of Sreemangal Red is required to make 10 kgs of the new blend?
A 6
B 5
C 7
D 4
A dishonest trader mixes 2kg of vegetable ghee costing Tk. 45 a kg with 3 kg of standard ghee costing Tk. 70 per kg. He sells the mixed ghee at Tk. 65 per kg. What is his percentage of profit?
A 25%
B 16.67%
C 8.33%
D 6%

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