791. The danger Level can be calculated?
A. Average consumption x Lead time to get urgent supplies
B. Normal consumption x Lead time to get urgent supplies
C. Maximum consumption x Lead time to get urgent supplies
D. Minimum consumption x Lead time to get urgent supplies

792. Which of the following is sales force payroll incentive?
A. Commission
B. Shift allowance
C. Over time payment
D. Bonus

793. Factory Over head cost includes
A. Factory Rent
B. Property Tax
C. Salaries of Factory Clerk
D. All of the given

794. Which of the following cannot be used as a base for the determination of overhead absorption rate?
A. Number of units produced
B. Prime cost
C. Conversion cost
D. Discount Allowed

795. Cost of goods sold Rs. 30, 000, opening Inventory Rs. 9, 000, Closing inventory Rs. 7,800.What was the inventory turnover ratio?
A. 3.57 times
B. 3.67 times
C. 3.85 times
D. 5.36 times

796. FOH applied rate of Rs. 5.60 per machine hour. During the year the FOH to Rs.275,000 and 48,000 machine hours were used. Which one of following statement is correct?
A. Overhead was under-applied by Rs.6,200
B. Overhead was over-applied by Rs.6,200
C. Overhead was under-applied by Rs.7,200
D. Overhead was over-applied by Rs.7,200

797. Cost accounting concepts include all of the following EXCEPT:
A. Planning
B. Controlling
C. Sharing
D. Costing

798. __ are future costs that effect the current management decision.
A. Sunk Cost
B. Standard Cost
C. Relevant Cost
D. Irrelevant Cost

799. Which of the following costs is part of the prime cost for manufacturing company?
A. Cost of transporting raw materials from the suppliers premises
B. Wages of factory workers engaged in machine maintenance
C. Depreciation of truck used for deliveries to customers
D. Cost of indirect production materials

800. The __________ specifies the financial decisions that result from your personal financial planning.
A. personal financial plan
B. personal budget
C. personal finance objective
D. None of the above

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