Budgeted sales for the next year is 5,00,000 units. Desired ending finished goods inventory is 1,50,000 units and equivalent units in ending W-I-P inventory is 60,000 units. The opening finished goods inventory for the next year is 80,000 units, with 50,000 equivalent units in beginning W-I-P inventory How many equivalent units should be produced?

✅ B. A Liability

Option A : An Asset in the Balance Sheet Option B : A Liability Option C : By adjusting it in the P & L A/c Option D : Both Correct Answer : Both and above Read more

✅ A. 20,000 Loss

Option A : 20,000 Loss Option B : 20,000 Profit Option C : 10,000 Loss Option D : 10,000 Profit Correct Answer : 20,000 Loss Read more

✅ A. Financial results of the concern for a period

Option A : Financial results of the concern for a period Option B : Financial position of the concern on a particular date Option C : Financial results of the concern on a particular date Option D : Cost of goods sold during the period Read More Details about this Mcq Correct Answer : Financial results of the concern for… Read more

✅ C. Cost of stand by equipment

Option A : Repair of plant and machinery Option B : Salary paid to workers Option C : Cost of stand by equipment Option D : Annual whitewash of the office building Correct Answer : Cost of stand by equipment Read more

✅ B. Deduct income received in advance from respective income and show it as a liability

Option A : Add income received in advance to respective income and show it as a liability Option B : Deduct income received in advance from respective income and show it as a liability Option C : Add income received in advance to respective income and show it as asset Option D : Deduct income received in advance from respective… Read more

✅ C. Deducted, Added

Option A : Added, Reduced Option B : Added, Added Option C : Deducted, Added Option D : Deducted, Deducted Correct Answer : Deducted, Added Read more

✅ C. distribution cost.

Option A : prime cost. Option B : factory cost. Option C : distribution cost. Option D : production cost Correct Answer : distribution cost. Read more

✅ C. Interest on FDs

Option A : Income from sale of trading goods Option B : Bad debts recovered Option C : Interest on FDs Option D : None Correct Answer : Interest on FDs Read more