Test Preparation on UGC NET Commerce Test Series-8

The smallest segment of activity for which costs are accumulated is called

Irrecoverable costs caused by the complete abandonment of a plant:

Find out the economic order quantity from the given information. Annual usage 12000, cost of placing and receiving one order- Rs. 60, annual carrying cost 10%

Match the following

a. Minimum level   1. The level at which the issue of materials is stopped

b. Maximum level  2. The level at which purchase requisition for fresh
supply is initiated

c. Reorder level     3. Level of the quantity of material which is
maintained in hand

d. Danger level     4. Level to avoid overstocking

The method of issuing material suitable at the time of falling prices is:

A worker completes a job in a certain number of hours. The standard time allowed for the job is 10 hours and the hourly rate of wages is Re.1.The worker earns at 50% rate a bonus of Rs.2 under Halsey Plan. Find the total wages under Rowan Premium Plan.

Calculate P/V ratio from the following information
Selling price Rs.10 per unit, Variable cost per unit Rs.6.
Profit and sales of two periods are:-
Year Sales Profit
2001 150000 20000
2002 170000 25000

------- is an important tool of profit planning

Calculate the gross profit ratio from the following information:
Sales - 1,00,000, Purchases - 60000, sales returns - 10000, purchases returns - 15000, opening stock 20000 and closing stock 5000

The relationship between dividend per share and market price per share is

Comparison of two or more firms with the objective of providing information
regarding the competitive position of participating companies to improve profitability and productivity of those companies is called:

Internal sources of funds include

I. Public Deposits                   II. Funds from long term loans

III. Increase in share capital   IV. Funds from operations