Reference no: EM132949159

Question - Highly appreciated if you give answers with reasons and calculations.

I. Orlio Company, a division of National Realty Corporation keeps an escrow record and pays land charges for the home credit customers. Escrow saves are kept in interest-bearing records. Uncommon, less a 10% assistance charge, is credited to the mortgagee's record and used to reduce future escrow parts.

Escrow account obligation - January 1 700,000

Escrow parts got during the year 1,580,000

Land charges paid during the year 1,720,000

Interest on escrow holds 50,000

What is the escrow account commitment on December 31?

a. 510,000

b. 515,000

c. 605,000

d. 610,000

II. At the monetary referring to add up to even out, coming up next is true:

(a) The referring to cost is least

(b) The passing on cost is least

(c) The referring to cost is comparable to the passing on cost

(d) The retail cost is least

III. When a short expert is paid on a month to month fixed remuneration premise, coming up next is critical:

(a) There is no lazy time lost.

(b) There is no idle time cost.

(c) Idle time cost is isolated and treated as overhead.

(d) The pay is totally treated as plant overhead cost.

IV. The after is a portrayal of direct expenses as per CAS-10:

(a) Special unrefined material which is a huge piece of the stupendous cost.

(b) Travelling expenses to site.

(c) Overtime charges paid to control worker to complete work before time.

(d) Catalogue of expenses of finished things.

V. The after isn't treated as a social event overhead:

(a) Lubricants

(b) Cotton waste

(c) Apportioned alliance overheads

(d) Night move portion paid to a mechanical creation system expert by prudence of general work pressure.

VI. When you try a trade off of advantages as indicated by Financial Accounts and Cost Accounts, coming up next is done:

(a) Add the under osmosis of overheads in Cost Accounts if you start from the advantages as indicated by Financial Accounts.

(b) Add the under help of overheads in Cost Accounts if you start from the advantages as demonstrated by Cost Accounts.

(c) Add the over osmosis of overheads in Cost Accounts in case you start from the advantages as indicated by Financial Accounts.

(d) Add the over osmosis of overheads in Cost Accounts in case you start from the advantages as exhibited by Cost Accounts.

VII. Batch Costing is applied effectively in the going with condition:

(a) paper making

(b) drug making

(c) designer articles of clothing manufacturing

(d) oil refining

VIII. In the setting of Contract a/c, work completed and not yet expressed will be shown

(a) at cost in spite of + 2/third of the notional advantage under 'Completed Work'.

(b) at cost regardless of notional advantage less upkeep cash under 'Completed Work'.

(c) at cost under 'Completed Work'.

(d) at cost under WIP a/c.

IX. A certain cycle required standard work of 24 skillful work hours and 30 unskilled work hours at Rs. 60 and Rs. 40 uninhibitedly as the standard work rates. Thinking about everything, 20 and 25 work hours were used at Rs. 50 and Rs. 50 unreservedly. By then, the work mix insecurity will be

(a) Adverse

(b) Favourable

(c) Zero

(d) Favourable for skilled and risky for unwieldy

X. If an association has the sum of the resources it needs for creation, by then the head spending factor is well on the way to be

(a) non-existing

(b) sales demand

(c) raw materials

(d) labour supply

XI. In affiliation, change cost proposes

(a) Cost of direct materials, direct work, direct expenses

(b) Direct work, direct expenses, distorted material, circumlocutory work, variety costs

(c) Prime cost notwithstanding plant overheads

(d) All costs up to the thing showing up at the client, less short material costs