Costing - Study Mode
[#96] Return on Investment (RoI) is computed as
Correct Answer
(A) Net profit ratio * Capital turnover ratio
[#97] Which of the following methods of stock valuation results in lower valuation of inventory and lower income when prices are rising:
Correct Answer
(B) LIFO Method
[#98] Under Merrick's multiple piece rate system, 120% of the ordinary piece rate is given to workers whose level of performance is between . . . . . . . . of the standard output.
Correct Answer
(B) 100% and 120%
[#99] Under Merrick's multiple piece rate system, 110% of the ordinary piece rate is given to workers whose level of performance is between . . . . . . . . of the standard output.
Correct Answer
(A) 83% and 100%
[#100] If beginning work in process inventory units are 2600, units started are 9000, ending work in process units are 2300 and completed good units are 8000 then total spoilage will be
Correct Answer
(C) 1100 units