option a & b
Description : In any industry three top operating expenses are found to be ________. a) wnergy. b) labour cost c) all of the above d) material
Last Answer : all of the above
Description : The most important requirement for aluminium industry is the availability of cheap (A) Ore (B) Electrical power (C) Labour (D) Abundant water
Last Answer : (B) Electrical power
Description : Which of the following is not a true statement about a multiple-step income statement? a. Operating expenses are often classified as selling and administrative expenses. b. There may be a section for nonoperating ... be a section for operating assets. d. There is a section for cost of goods sold.
Last Answer : c. There may be a section for operating assets.
Description : Full form of BEE a. Bureau of energy efficient b. Basic electrical and electronics c. Basic thermal engineering d. None of the above.
Last Answer : Bureau of energy efficient
Description : One of the key areas for ....... energy saving in existing systems is waste heat recovery. a) Potential b) Kinetic c) Thermal d) Electrical
Last Answer : Potential
Description : What is defined as the ratio of the net electrical power output to the rate of fuel energy input? A. Combustion efficiency B. Thermal efficiency C. Overall efficiency D. Furnace efficiency
Last Answer : Overall efficiency
Description : What is the highest efficiency of heat engine operating between the two thermal energy reservoirs at temperature limits? A. Ericson efficiency B. Otto efficiency C. Carnot efficiency D. Stirling efficiency
Last Answer : Carnot efficiency
Description : Which of the following statements is/are correct? 1. A materials requisition note is used to record the issue of direct material to a specific job. 2. A typical job cost will contain actual costs for material, labour and production ... 1) and (2) only (c) (1) and (3) only (d) (2) and (3) only
Last Answer : (c) (1) and (3) only
Description : Calculate the prime cost from the following information: Direct material purchased: Rs. 1,00,000 Direct material consumed: Rs. 90,000 Direct labour: Rs. 60,000 Direct expenses: Rs. 20,000 Manufacturing overheads: Rs. 30,000 (a) Rs. 1,80,000 (b) Rs. 2,00,000 (c) Rs. 1,70,000 (d) Rs. 2,10,000
Last Answer : (c) Rs. 1,70,000
Description : Element/s of Cost of a product are: (a) Material only (b) Labour only (c) Expenses only (d) Material, Labour and expenses
Last Answer : (d) Material, Labour and expenses
Description : Cost of inventories includes A. Direct Material + Direct Expenses B. Direct Labour + Direct Expenses C. All costs of purchase, cost of conversion and other costs incurred in bringing the inventories to their present location and condition D. Direct material only
Last Answer : C. All costs of purchase, cost of conversion and other costs incurred in bringing the inventories to their present location and condition
Description : Marginal cost is computed as A. Prime cost + All Variable overheads B. Direct material + Direct labour + Direct Expenses + All variable overheads C. Total costs – All fixed overheads D. All of the above
Last Answer : A. Prime cost + All Variable overheads
Description : Following is (are) called the element(s) of Cost A. Material B. Labour C. Expenses D. All of the above
Last Answer : D. All of the above
Description : State any two electrical, mechanical and thermal properties of insulating materials.
Last Answer : i) Electrical Properties of insulating material:- 1. It should have high resistance. 2. It should have high breakdown voltage. 3. It should have high dielectric strength. 4. It should have low ... . 4. Ii should have thermal Stability. 5. Co-efficient of thermal expansion should be low.
Description : The hyperbolic cooling towers are associated with ……. and …….. power plants. a) electrical, thermal c) thermal, nuclear b) nuclear, electrical d) none of above
Last Answer : thermal, nuclear
Description : What states that thermal efficiencies of all reversible heat engines operating between the same two reservoirs are the same and that no heat engine is more efficient than a reversible one operating between the ... A. Ericson principle B. Carnot principle C. Otto principle D. Stirling principle
Last Answer : Carnot principle
Description : Which of the listed groups of electrical insulation materials is best suited for the highest operating temperatures? A. impregnated cotton and silk B. unimpregnated paper and cotton C. pure glass and quartz D. mica and porcelain with bonding agents
Last Answer : Answer: C
Description : Three materials A, B and C of equal thickness and of thermal conductivity of 20, 40 & 60 kcal/hr. m. °C respectively are joined together. The temperature outside of A and C are 30°C and 100°C respectively. The interface ... C will be at a temperature of __________ °C. (A) 40 (B) 95 (C) 70 (D) 50
Last Answer : (C) 70
Description : An approximate estimation of total dissolved solids of a given water sample is often made by measuring (a) Electrical conductivity of the water sample (b) Electro-magnetic conductivity of the water sample (c) Sound conductivity of the water sample (d) Thermal conductivity of the water sample
Last Answer : (a) Electrical conductivity of the water sample
Description : Future energy use is likely to vary if you change____ of your business a) Labour. b) Funds c) Aspects d) Efficiency
Last Answer : Aspects
Description : Which of the following is least likely considered a financial statement audit risk factor? a. Management operating and financing decisions are dominated by top management. b. A new client with no ... entity's industry is rapid d. Profitability of the entity relative to its industry is inconsistent.
Last Answer : Management operating and financing decisions are dominated by top management.
Description : Pick up the correct statement from the following: (A) The incidental expenses of a miscellaneous character which could not be predicted during preparation of the estimate, is called contingencies (B) ... and the proportions of materials to be used for a particular item (D) All the above
Last Answer : (D) All the above
Description : (i) All indirect/operating expenses are transferred to _________ account.
Last Answer : Fill in the blanks : (i) All indirect/operating expenses are transferred to _________ account ... Balance Sheet is _________ of assets & liabilities.
Description : If official travelers ride together only the traveler paying the vehicle operating expenses can claim a mileage allowance.?
Last Answer : What is the answer ?
Description : If Opening Stock – Rs.15,000 Purchases – Rs.37,500 Direct Expenses – Rs.1,500 Closing Stock – Rs.7,500 Operating Expenses – Rs.3,000 Sales are Rs. 60,000 during the year, what is the net profit ? (A) Rs. 12,000 (B) Rs. 10,500 (C) Rs. 7,500 (D) Rs. 3,000
Last Answer : Answer: Rs. 10,500
Description : Few items of P/L A/c of a company are– Sales – Rs.1,60,000 Closing stock – Rs.38,000 Non-operating Expenses – Rs.800 Non-operating Income – Rs.4,800 Net Profit – Rs.28,000 What is the Operating Profit Ratio ? (A) 18% (B) 20% (C) 15% (D) 57%
Last Answer : Answer: 15%
Description : Cole Company has sales revenue of $39,000, cost of goods sold of $24,000 and operating expenses of $9,000 for the year ended December 31. Cole's gross profit is a. $30,000. b. $15,000. c. $6,000.
Last Answer : b. $15,000.
Description : Gross profit is calculated by subtracting ________ from _________, a. operating expenses, net income b. sales discounts from sales revenue c. cost of goods sold, net sales revenue d. merchandise inventory, cost of goods sold
Last Answer : c. cost of goods sold, net sales revenue
Description : Gross profit for a merchandiser is net sales minus a. operating expenses. b. cost of goods sold. c. sales discounts. d. cost of goods available for sale.
Last Answer : b. cost of goods sold.
Description : Indicate which one of the following would appear on the income statement of both a merchandising company and a service company. a. Gross profit b. Operating expenses c. Sales revenues d. Cost of goods sold
Last Answer : b. Operating expenses
Description : . Income from operations will always result if a. the cost of goods sold exceeds operating expenses. b. revenues exceed cost of goods sold. c. revenues exceed operating expenses. d. gross profit exceeds operating expenses.
Last Answer : b. revenues exceed cost of goods sold.
Description : With respect to the income statement, a. contra-revenue accounts do not appear on the income statement. b. sales discounts increase the amount of sales. c. contra-revenue accounts increase the amount of operating expenses. d. sales discounts are included in the calculation of gross profit.
Last Answer : d. sales discounts are included in the calculation of gross profit.
Description : A sales invoice is a source document that a. provides support for goods purchased for resale. b. provides evidence of incurred operating expenses. c. provides evidence of credit sales. d. serves only as a customer receipt.
Last Answer : c. provides evidence of credit sales.
Description : Freight costs paid by a seller on merchandise sold to customers will cause an increase a. in the selling expense of the buyer. b. in operating expenses for the seller. c. to the cost of goods sold of the seller
Last Answer : b. in operating expenses for the seller.
Description : Which of the following expressions is incorrect? a. Gross profit – operating expenses = operating income b. Sales – cost of goods sold – operating expenses = operating income c. Operating income + operating expenses = gross profit d. Operating expenses – cost of goods sold = gross profit
Last Answer : d. Operating expenses – cost of goods sold = gross profit
Description : aAfter gross profit is calculated, operating expenses are deducted to determine a. gross margin. b. operating income. c. gross profit on sales. d. net margin.
Last Answer : b. operating income.
Description : Two categories of expenses for merchandising companies are a. cost of goods sold and financing expenses. b. operating expenses and financing expenses. c. cost of goods sold and operating expenses. d. sales and cost of goods sold.
Last Answer : c. cost of goods sold and operating expenses.
Description : Income from operations is gross profit less a. administrative expenses. b. operating expenses. c. other expenses and losses. d. selling expenses.
Last Answer : b. operating expenses.
Description : Salaries Rs.20000,depreciation for the period is Rs.30000 other operating expenses are Rs.9000, net loss for the period is Rs.5000 fund generated from operation is------------------ a) Rs.25000 b) Rs.15000 c) Rs.35000 d) Rs.14000
Last Answer : a) Rs.25000
Description : To arrive at funds from operation ,non-cash expenses must be added to---------- a) Net profit b) Gross profit c) Operating profit d) None of these
Last Answer : a) Net profit
Description : A common practice in evaluating a salesperson is for sales management to compare the salesperson's performance with the performance of other salespersons operating under similar selling conditions or to ... force. C)the amount of new business generated. D)current performance with past performance.
Last Answer : D)current performance with past performance.
Description : In a furnace, the heat taken by the charge/stock and the heat lost to the furnace structure & flue gases depends on the (A) Rate of firing and emissivity of flame (B) Thermal conductivity of the charge & ... (C) Nature of process; whether batch, continuous or intermittent (D) All (A), (B) and (C)
Last Answer : (D) All (A), (B) and (C)
Description : Copper has very low (A) Malleability (B) Ductility (C) Tensile strength (D) Thermal & electrical conductivity
Last Answer : (C) Tensile strength
Description : Graphite is a good (A) Thermal & electrical insulator (B) Conductor of heat (C) Conductor of electricity (D) Both (B) & (C)
Last Answer : (D) Both (B) & (C)
Description : The ratio of thermal & electrical conductivity is same for all the metals at the same temperature; and at around room temperature, this ratio is proportional to(where, T = absolute temperature, °K) (A) T (B) 1/T (C) T2 (D) 1/T2
Last Answer : A) T
Description : What is the value of all tangible resources such as raw materials and Labour that are used in the production process called?
Last Answer : Real Cost
Description : Mobilization advance up to 10% of the cost of work is given to a contractor (A) On commencement of work at site for payment of loan taken by him (B) For the purchase of construction ... staff (D) For all activities required to start the work at site on finalization of the contract document
Last Answer : (D) For all activities required to start the work at site on finalization of the contract document
Description : While filling the tender for any work, the contractor considers (A) Site survey (B) Availability of construction materials (C) Availability of labour (D) All the above
Description : During the construction period, price variation clause in contracts caters to (A) Increase in rates of only important materials (B) Variation in cost in materials element, labour element and petrol-oil-lubricant ... ) Variation in total cost of the project on an ad hoc basis (D) Rate of inflation
Last Answer : (B) Variation in cost in materials element, labour element and petrol-oil-lubricant element
Description : What is the m What is the major differe ajor difference in focus bet nce in focus between locat ween location decision ion decisions in the service sect s in the service sector and in or and ... minimization d)The focus in manufacturing is on raw materials, while the focus in service is on labour
Last Answer : c)The focus in service is revenue maximization, while the focus in manufacturing is cost minimization