Reference no: EM132949276

Questions -

Question 1 - ABC Company uses an errand demand costing structure. During April, the going with costs appeared in the Work in Process Inventory account:

Beginning aggregate 24,000

Direct material used 70,000

Direct work achieved 60,000

Applied overhead 48,000

Cost of product created 185,000

ABC Company applies overhead dependent on direct work cost.

There was only one occupation left in Work in Process around the completion of April which contained 5,600 of overhead.

What proportion of direct material was associated with this work?

a. P4,400

b. P4,480

c. P6,920

d. P8,000

Question 2 - (i) Which of the going with things requires remarkable goals in a standard social event under the Companies Act 1956?

A. Issue of offers at a more noteworthy cost than ordinary

B. Adoption of Statutory Report

C. Appointment of Managing/Whole time Director

D. Reduction of Share Capital.

(ii) Under the Companies Act, 1956, the fundamental supervisors will hold office upto

A. The end of the legal get-together

B. The end of the period as recommended by the articles of the affiliation

C. The end of a long time from the date of plan

D. Till the fundamental Annual General Meeting.

(iii) In the setting of solicitation of hazard, charge dangers will fall under

A. Credit Risks

B. Liquidity Risks

C. Disaster Risks

D. Legal Risks.

(iv) An customary target is one which is passed in a comprehensive amassing by

A. A fundamental transcendent piece of votes including the projecting of the manager

B. ¾ th a ton of votes

C. 2/3 rd a ton of votes

D. None of the recently referenced.

(v) In the setting of Corporate Governance, Narayana Murthy Committee was illustrated in the year

A. 2002

B. 2003

C. 2004

D. 1999

(vi) Under Competition Act, 2002, discipline for offenses identifying with preparing of data is

A. Rs 5 lakh

B. Rs 10 lakh

C. Rs 25 lakh

D. Rs 50 lakh.

(vii) As per part 292A of the Companies Act, 1956, each open affiliation will develop an admonition get-together of the Board known as Audit Committee, whose settled up capital isn't not really

A. Rs 50 lakh

B. Rs 25 lakh

C. Rs 5 crore

D. Rs 10 crore.

(viii) The considered Corporate Governance was initialed on the thoughts of

A. The report by the Confederation of Indian Industry (CII)

B. The Report by Dr Y.V.Reddy

C. The Report by Mr. Kumarmangalam Birla

D. The report by Mr. Narayana Murthy

(ix) A public Information Officer will as conveniently as conceivable give data the date of receipt of mentioning unmistakably, inside

A. 15 days

B. B. 30 days

C. C. 45 days

D. D. 60 days

(x) A recorded affiliation is relied upon to outfit their unaudited results to the stock trade on a

A. Annual premise

B. Half-yearly explanation

C. Quarterly premise

D. Monthly premise.