Costing - Study Mode

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[#1306] If prime cost is Rs. 20,000
factory overheads are 25% of prime cost and office overheads are 80% of factory overheads then the office cost would be

(A) Rs. 25,000

(B) Rs. 29,000

(C) Rs. 36,000

(D) Rs. 45,000

Correct Answer

(B) Rs. 29,000

[#1307] What is the amount of gross profit if the stock turnover ratio is 6 times
average stock is Rs. 8,000 and
selling price is 25% above cost?

(A) Rs. 2,000

(B) Rs. 4,000

(C) Rs. 10,000

(D) Rs. 12,000

Correct Answer

(D) Rs. 12,000