MGT402 Final Term Past Paper 2010 Session 1

Rana Abubakar Khan

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FINAT TERM

Spring 2010 · MGT402- Cost & Management Accounting (Session) · Time: 90 min Marks: 69

Q1. All (1 marks)

of the following are the features of fixed costs EXCEPT:

1. Although fixed within a relevant range of activity level but are relevant to a decision making when it is avoidable.
2. Although fixed within a relevant range of activity level but are relevant to a decision making when it is incremental.
3. Generally it is irrelevant
4. It is relevant to decision making under any circumstances

Q2. Information concerning Department B of Baba Company for the month of April is as follows: (1 marks)

Units Material Cost (Rs.) Work in process opening 7,000 21,000 Units started in April 68,00 210,800

Units completed and transferred out 66,00

Work in process ending 9,000

All materials are added at the beginning of the process. Required: Using the average cost method. How much be the cost (rounded to two places) per equivalent unit for materials?

1. Rs. 3.00
2. Rs. 3.10
3. Rs. 3.09
4. Rs. 3.05

Q3. A typical factory overhead cost is: (1 marks)

1. Distribution
2. Internal audit
3. Compensation of plant manager
4. Design

Q4. An average cost is also known as: (1 marks)

1. Variable cost
2. Unit cost
3. Total cost