TRB COMMERCE Question Paper with Answers Part -6

TRB COMMERCE QUESTION ANSWERS 51-60

51. 50 units are put in a process at a total cost of Rs. 90. Wastage is normally 10% without any scrap value. If output is 40 units, the amount of abnormal loss would be
A) Rs. 80 B) Rs. 8
C) Rs. 10 D) Rs. 9.

52. If the P/V ratio is 40% and sales Rs. 10,000, what is the
amount of variable cost ?
A) Rs. 8,000 B) Rs. 6,000
C) Rs. 2,000 D) RS. 4,000.

53. Cost Volume Profit (CVP) analysis is an important profit planning tool and provides information about the
A) behaviour of cost in relation to volume
B) sensitivity of profit due to variation of output
C) amount of profit for a projected sales
D) amount of sales for a projected profit.

54. The break-even chart helps the management in
A) forecasting costs and profits
B) cost control
C) long term planning and growth
D) all of these.

55. In absorption costing, managerial decisions are guided by net profit but in marginal costing, decisions are guided by
A) contribution B) key factor
C) BEP D) margin of safety.

56. The Accountant’s concept of marginal cost differs from the Economist’s concept of marginal cost in the matter of
exclusion of
A) fixed cost B) variable cost
C) semi-variable cost D) none of these.

57. Profit-volume ratio establishes the relationship between
A) contribution and sales value
B) contribution and profit
C) fixed cost and contribution
D) profit and sales.

58. The document which provides information regarding the progress of each job at each operation is known as
A) progress advice B) job ticket
C) job order D) information card.

59. A system of single costing is used in the case of
A) Motor workship B) Hotels
C) Brick works D) Oil mills.

60. The type of process loss that should not affect the cost of inventory value is
A) abnormal loss B) normal loss
C) seasonal loss D) standard loss.


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