**111. If the asset turnover and profit margin of a company are 1.85 and 0.35 respectively, the return on investment is.****A. 0.65**

B. 0.35

C. 1.50

D. 5.29

**112. A company is currently operating at 80% capacity level. The production under normal capacity level is 1,50,000 units. The variable cost per unit is ` 14 and the total fixed costs are ` 8,00,000. If the company wants to earn a profit of ` 4,00,000, then the price of the product per unit should be**

A. 37.50

B. 38.25**C. 24.00**

D. 35.00

**113. Consider the following data pertaining to the production of a company for a particular month :****Opening stock of raw material 11,570****Closing stock of raw material 10,380****Purchase of raw material during the month 1,28,450****Total manufacturing cost charged to product 3,39,165****Factory overheads are applied at the rate of 45% of direct labor cost.****The amount of factory overheads applied to production is****A. 65,025**

B. 94,287

C. 95,020

D. 1,52,624

**114. If the minimum stock level and average stock level of raw material are 4,000 and 9,000 units respectively, find out its reorder quantity.**

A. 8,000 units

B. 11,000 units**C. 10,000 units**

D. 9,000 units

**115. A worker has a time rate of 15/hr. He makes 720 units of component (standard time : 5 minutes/ unit) in a week of 48 hours. His total wages including Rowan bonus for the week is**

A. 792

B. 820

C. 840**D. 864**

**116. One of the most important tools in cost planning is__________?**

A. Direct cost

B. Cost Sheet**C. Budget**

D. Marginal Costing.

**117. A Ltd. Has sales of 2,200, total fixed cost of 570, variable cost of 1,540, raw material consumed of ` 1,100, number of units sold 22,000. What shall be the BEP 9 in units) if raw material price is reduced by 2%?****A. 18,387**

B. 18,560

C. 18,750

D. 19,000

**118. Find the cost of goods sold if goods are sold for 2,000 at 25% profit on cost?**

A. 1,600**B. 1,500**

C. 1,000

D. 1,800

**119. The process of paying off debt over time in regular installment of interest & principal sufficient to repay the loan in fully by its maturity date.****A. Amortization**

B. Loan Payment

C. Liability

D. Securitization

**120. IFRS 9 explains about?**

A. Inventory

B. Accounts Payable**C. Accounts Receivable**

D. Expenses

**NOTEIF YOU THINK ANY OF THE MCQ ABOVE IS WRONG.PLEASE COMMENT WITH CORRECT ANSWER AND ITS DETAIL EXPLANATION IN COMMENT BOX.THANK YOU**

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