Description : Which of the following relationship is not correct is case of a chemical process plant? (A) Manufacturing cost = direct product cost + fixed charges + plant overhead costs (B) General ... manufacturing cost + general expenses (D) Total product cost = direct production cost + plant overhead cost
Last Answer : (D) Total product cost = direct production cost + plant overhead cost
Description : Factory manufacturing cost is the sum of the direct production cost (A) Fixed charges and plant overhead cost (B) And plant overhead cost (C) Plant overhead cost and administrative expenses (D) None of these
Last Answer : (A) Fixed charges and plant overhead cost
Description : Expenditure on research and development (R & D) is categorised as the __________, while making an estimate of the total product cost for a chemical plant. (A) Overhead cost (B) Fixed expenses (C) General expenses (D) Direct production cost
Last Answer : (C) General expenses
Description : Manufacturing cost in a chemical company does not include the (A) Fixed charges (B) Plant overheads (C) Direct products cost (D) Administrative expenses
Last Answer : (D) Administrative expenses
Description : Effluent treatment cost in a chemical plant is categorised as the __________ cost. (A) Fixed (B) Overhead (C) Utilities (D) Capital
Last Answer : (C) Utilities
Description : The 'total capital investment' for a chemical process plant comprises of the fixed capital investment and the (A) Overhead cost (B) Working capital (C) Indirect production cost (D) Direct production cost
Last Answer : (B) Working capital
Description : Total product cost of a chemical plant does not include the __________ cost. (A) Market survey (B) Operating labour, supervision and supplies (C) Overhead and utilities (D) Depreciation, property tax and insurance
Last Answer : (A) Market survey
Description : In a chemical process plant, the total product cost comprises of manufacturing cost and the (A) General expenses (B) Overhead cost (C) R & D cost (D) None of these
Last Answer : (A) General expenses
Description : Breakeven point represents the condition, when the company runs under no profit no loss condition. In break even analysis, total cost comprises of fixed cost (A) Only (B) Plus variable cost (C) Plus overhead cost (D) Plus selling expenses
Last Answer : Option B
Description : Which of the following is not a component of the fixed capital for a chemical plant facility? (A) Raw materials inventory (B) Utilities plants (C) Process equipment (D) Emergency facilities
Last Answer : (A) Raw materials inventory
Description : 'Utilities' in a chemical process plant includes compressed air, steam, water, electrical power, oxygen, acetylene, fuel gases etc. Utility costs for ordinary chemical process plants ranges roughly from __________ percent of the total product ... 1 to 5 (B) 10 to 20 (C) 25 to 35 (D) 35 to 45
Last Answer : (B) 10 to 20
Description : Fixed cost is known as - (1) Special cost (2) Direct cost (3) Prime cost (4) Overhead cost
Last Answer : (4) Overhead cost. Explanation: Fixed costs are business expenses that are not dependent on the level of goods or services produced by the business. They tend to be time-related, such as salaries or ... is in contrast to variable costs, which are volume-related (and are paid per quantity produced).
Description : Fixed cost is known as (1) Special cost (2) Direct cost (3) Prime cost (4) Overhead cost
Last Answer : Overhead cost
Description : I am planning to move to London in 3 months and I am most concern with how much it will cost me to live decently in this place. I found some useful and informative sites regarding ... anyone share their knowledge? Anything that can help me compute for my monthly expenses would be most appreciated.
Last Answer : answer:CCCCCONGRATULATIONS, YOU MADE THE LARGEST QUESTION YET !!! …and i’m not even gonna bother reading something that long…
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 : Cost incurred towards __________ in a chemical plant is a component of the utilities cost. (A) Water supply (B) Running a control laboratory (C) Property protection (D) Medical services
Last Answer : (A) Water supply
Description : Fixed charges for a chemical plant does not include the (A) Interest on borrowed money (B) Rent of land and buildings (C) Property tax, insurance and depreciation (D) Repair and maintenance charges
Last Answer : D) Repair and maintenance charges
Description : Fixed capital investment of a chemical plant is the total amount of money needed to supply the necessary plant and manufacturing facilities plus the working capital for operation of the facilities. Which of ... (B) Equipment installation cost (C) Cost for piping (D) Equipment insulation cost
Last Answer : (D) Equipment insulation cost
Description : Operating system, editors, and debuggers comes under? A) System Software B) Application Software C) Utilities D) None of the above
Last Answer : Answer : A
Description : Operating Systems, editors and debuggers comes under: a) System Software b) Application Software c) Utilities d) None of The Above
Last Answer : a) System Software
Description : Construction expenses are roughly __________ percent of the total direct cost of the plant. (A) 2 (B) 10 (C) 30 (D) 50
Last Answer : B) 10
Description : Nivetha buys a tape recorder for Rs.450. His overhead expenses are Rs.30 she sells the tape recorder for Rs.600. The profit percent of nivetha is
Last Answer : Cost price + profit = selling price Cost price = 450 + 30= 480 Profit=sp-cp =600-480 =120 Profit%= 120/480*100 X = 12000/480 X = 25 %.
Description : Maximum production start up cost for making a chemical plant operational is about __________ percent of the fixed capital cost. (A) 1 (B) 5 (C) 10 (D) 30
Last Answer : (C) 10
Description : Plant utilization budget and Manufacturing overhead budgets are types of A. Production budget B. Sales budget C. Cost budget D. None of the above
Last Answer : C. Cost budget
Description : During September, 300 labour hours were worked for a total cost of Rs 4800. The variable overhead expenditure variance was Rs 600 (A). Overheads are assumed to be related to direct labour hours of active working. What was the standard cost per labour hour? (a) Rs 14 (b) Rs 16.50 (c) Rs 17.50
Last Answer : (a) Rs 14
Description : Overhead refers to: (a) Direct or Prime Cost (b) All Indirect costs (c) only Factory indirect costs
Last Answer : (b) All Indirect costs
Description : There are 2 plants manufacturing the same product under one corporate management which has decided to merge them. Calculate Break -even point of the merged plant. Particulars Plant I Plant II Capacity operation 100% ... 000 2,40,000 Variable cost 4,40,000 1,80,000 Fixed cost 80,000 50,000simpl
Last Answer : c) Rs 5,00,000
Description : If He charges 17.95 for each CD and his expenses include 1250 for duplicating equipment and 0.65 for each blank CD which equation shows the profit (p) for selling n CD's?
Last Answer : What is the answer ?
Description : Cost of piping in a fluid processing unit (e.g., distillation) of a chemical process plant is about __________ percent of the fixed capital investment. (A) 4 (B) 13 (C) 22 (D) 34
Last Answer : (B) 13
Description : Purchased cost of equipments for a chemical process plant ranges from __________ percent of the fixed capital investment. (A) 10 to 20 (B) 20 to 40 (C) 45 to 60 (D) 65 to 75
Last Answer : (B) 20 to 40
Description : Pick out the wrong statement. (A) The annual depreciation rate for machinery and equipments in a chemical process plant is about 10% of the fixed capital investment (B) Annual depreciation rate ... chemical industry, research and development cost amounts to about 15% of net sales realisation (NSR)
Last Answer : (D) In a chemical industry, research and development cost amounts to about 15% of net sales realisation (NSR)
Description : Pipelines carrying various utilities in chemical industries are identified by their colour codes. The color of pipeline carrying steam is (A) Black (B) Silver grey (C) Green (D) Yellow
Last Answer : ) Silver grey
Description : The expenses on advertising is called - (1) Implicit cost (2) Surplus cost (3) Fixed cost (4) Selling cost
Last Answer : (4) Selling cost Explanation: Selling cost is total cost of marketing, advertising, and selling a product. It differs from the production cost which is incurred to produce goods. Selling cost influences the commercial desire to purchase a commodity,
Description : Fair value of Tangible fixed assets acquired in exchange of share shall be at its…………….. a) Actual cost b) Market Price c) Actual cost less expenses of exchange d) Market price less expenses of exchange
Last Answer : a) Actual cost
Description : The expenses incurred on the setting up of the enterprise are called as _________. A. Cost of financing. B. Cost of promotion.. C. Cost of fixed assets. D. Cost of current assets.
Last Answer : B. Cost of promotion..
Description : The expenses on advertising is called (1) Implicit cost (2) Surplus cost (3) Fixed cost (4) Selling cost
Last Answer : Selling cost
Description : Pick out the wrong statement. (A) Gross margin = net income - net expenditure (B) Net sales realisation (NSR) = Gross sales - selling expenses (C) At breakeven point, NSR is more than the total production cost (D) Net profit = Gross margin - depreciation - interest
Last Answer : (C) At breakeven point, NSR is more than the total production cost
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 : 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 : While Computing the actual cost of any asset falling within a block, direct cost attributable to bring the asset to its present location and working condition for its intended use(i.e. expenses incurred ... from the purchase price c) Be subtracted from WDV d) Be claimed as revenue expenditure
Last Answer : b) Be subtracted from the purchase price
Description : Conversion cost is the sum total of: A. Direct material cost and direct wages cost B. Direct wages, direct expenses and factory overheads C. Indirect wages and factory overheads D. Indirect wages, direct wages & factory overheads
Last Answer : C. Indirect wages and factory overheads
Description : Which of the following would explain an adverse variable production overhead efficiency variance? 1. Employees were of a lower skill level than specified in the standard 2. Unexpected idle time resulted from a series of machine breakdown 3. ... b) (1) and (2) (c) (2) and (3) (d) (1) and (3)
Last Answer : (d) (1) and (3)
Description : Which of the following is not a fixed cost? (1) Salaries of administrative staff (2) Rent of factory building (3) Property taxes (4) Electricity charges
Last Answer : (1) Salaries of administrative staff Explanation: Fixed costs arc business expenses that are not dependent on the level of goods or services produced by the business. They tend to be time- ... and are often referred to as overhead costs. The salaries of administrative staff are variable costs.
Description : ______ information can be derived from the financial accounting systems - utilities cost centre a) Plant level b) Plant department level c) System level d) Equipment level
Last Answer : plant level
Description : Copper is used in the production of: A. Kitchen utilities B. Children Toys C. Brick Kilns D. Electric Wires
Last Answer : ANSWER: D
Description : Production refers to - (1) destruction of utility (2) creation of utilities (3) exchange value (4) use of a product
Last Answer : (2) creation of utilities Explanation: Production refers to "the creation of utility having value-in-exchange." The process of production may create six types of utilities: form utility, time utility, place utility, ownership utility, service utility and knowledge utility.
Description : Production refers to (1) destruction of utility (2) creation of utilities (3) exchange value (4) use of a product
Last Answer : creation of utilities
Description : Overhead system can be designed for operation up to (a) 11 kV (b) 33 kV (c) 66 kV (d) 400 kV
Last Answer : (c) 66 kV