1. Under which incentive wage system two piece rates (high and low) are determined:
2. When the contract is not executed at the end of the accounting year, profit on an incomplete contract is transferred to
3. Which of the following system applies when standardised goods are produced under a series of operations?
4. Improvement of profit volume ratio can be done by
5. If the normal cost of normal production of 80 units is Rs. 400, then the value of abnormal wastage of 5 units will be
6. What is the gross profit if the total sale is Rs. 2,60,000, the cost of net goods sold is Rs. 2,00,000, and sales return is Rs. 10,000?
7. Material control does not cover the following stage:
8. Prime cost is Rs. 16,000. Material is 60% of labour. Labour is
9. What may be the principle budget factor in case of plant?
10. Why are the estimated benefits from a project are expressed as cash flows instead of income flows?
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