NAT IIM Management Science Finance & Accounting Online Test for Pakistani Students

NAT II Management Science Finance & Accounting

Sr. #	Questions	Answers Choice
1	Sales prices is calculated as follow:-	Cost + operating expense Direct material + Direct labour + F.o.H Cost + operating expenses + profit None of above
2	Cost goods sold is Rs. 1650, gross profit ratio is 17.5% then sales is	1800 1900 2000 2200
3	From the following statements which one is not true about over applied F.o.H	Less from cost of goods sold at normal Less from entire production if required Add in gross profit if required Less from Net profit.
4	Work in process opening and closing inventory includes:-	Arterial in process Labour in process F.o.H in process All of the above
5	Which one is not include in factory overhead?	Power hear & light Indirect labour cost Depreciation of plant Salary of accountant
6	Per Unit cost is calculated by dividing the cost of goods sold by	The number of units sold The number of units purchase The number of units manufactured All of the above
7	In operating expense includes	Marketing expense Admin expense Selling expense All of the above
8	Office salaries are include in	Direct material cost Indirect material cost Factory overhead cost Total payroll
9	If applied factory overhead is less than actual factory overhead, it is called	Applied F.o.H Over applied F.o.H Under-applied F.o.H None of above
10	Manufacturing concern cycle is ---------- than trading concern cycle:	Shorter Greater Medium None of above