CMA 15 December 2023

Contribution per unit is the ------------ between the selling price and the marginal cost

• difference

• comparison

• relationship

• connection

A budget is a ------- plan for future activities

• quantified

• qualified

• monetary

• descriptive

If the selling price is at cost then contribution is equal to --------------

• fixed cost

• fixed cost plus profit

• fixed cost minus loss

• fixed cost minus profit

Process costing answers the question "Which process consumed the ----------?"

• expense

• material

• waste

• scrap

The factor that limits the production or sale of a product despite its high --------- is known as key factor or -------------- factor

• contribution, limiting

• profit, variable

• sales, fixed

• volume, semi-variable

_____ costing is used generally in manufacturing units of steel, sugar, paper, soap, etc.

• Marginal

• Process

• Job Order

• Contract

If 1000 kilograms of sugar is under process and it is 75% complete, then the equivalent completed units is ---------- kilograms

• 750

• 75

• 25

• 250

If the input of raw materials is 15,000 units, with a normal loss of 10 percent, what must be the actual output?

• 13,500 units

• 16,500 units

• 12,000 units

• 18,000 units

If the input of raw materials in a process is 18000 units and the normal loss of raw material expected is 20%, if scrap is sold at INR 4 per unit, calculate the scrap value.

• INR 14,400

• INR 7,200

• INR 15,000

• INR 18,000

If the input of raw materials into a process is 25,000 units, normal loss of materials is 15% and output from material is 19,500 units, what is the abnormal loss

• 1,750 units

• 1,500 units

• 1,250 units

• 2,000 units