GAT SUBJECT MANAGEMENT SCIENCES BOOK

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GAT Subject Preparation - Management Sciences. likes ยท 23 talking about this. An interactive forum which provides help for the students of. gat subject management sciences mcqs pdf gat subject management sciences gat subject management sciences past paper gat subject. GAT Subject (Management Sciences) shows below. Outline of this test comprises of two broad sections of General and Subject and 30% and 70% respectively weightage of paper marks (download outlines). Finance MCQs Pdf Download.


Gat Subject Management Sciences Book

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All have paid the right amount except three members who paid RS. A super market A greengrocer A news agent. A jeweler. A super market A greengrocer A news agent A jeweler. This is because 6. Number of leavers Number replaced Numbers of employees at the end Number of leavers in a period.

Direct labour,direct materials and direct expenses All direct costs plus factory overheads.

Direct materials plus total overheads 9. Direct labor plus factory overheads Fixed cost 7. Material 7. Labor 8.

Overheads 9. FIFO 9. LIFO The average inventory is 6. Rowan plan allows more wages to a worker than Halsey plan 7. Rowan plan allows less wages to a worker than Halsey plan 8.

Rowan and Halsey plan allow equal wages to a worker 9. Rowan plan is in use 6. Insurance to cover sold goods while in transit Royalty on sales. Legal costs for debt realization 9. Distribution of samples Rate per unit 7. Any of these 9. What is the amount of under or overabsorption of overhead 6. RS 20, This loss should be 6. Batch costing 8. Contract costing 9. None of these Cost-plus contracts Escalation clause.

De-escalation clause 9. All of the above Accounting treatment of this loss is 6. The business completed 14, units of product, of which 4, units were half completed in Dec and started production on an additional 6, units that production cost per unit was 5.

If output is 40 units, the value of abnormal loss will be 6. Assuming FIFO method, the equivalent production during the period was 6.

How many units were introduced during the period 6. When finished output in the process is only units, there is an. BY products are of small total value 7. BY-products are of considerable sales value 8.

BY-products require further processing for their sale 9. A C How many units were introduced in the process 6. Work-in-progress ledger control account 7. Cost ledger control account 8. Stores ledger control 9. Cost Ledger Control account.

Overhead adjustment account 9. All of these E D statements included in the budget report vary from period to period budget standards may be adjusted at will reporting dates vary according to the activity level reported upon planned activity level is adjusted to the actual activity level before the budget comparison report is prepared. Considering these facts, it can be said that the plant manager has done a better than expected job in controlling the costs if 6. Cash budget Master budget capital expenditure budget Budget for the key factor sales budget.

Budget 8. Marginal cost 9.

Management: Multiple of

None of these 9. The quantitative technique that is most probably being used is 5. The quantitative technique that is most probably being used is 6.

The material cost variance is 6. Loss 8. A proprietor's will remain constant if he only withdraws this Net profit each year and does not introduce any new capital. His gross profit is 6.

D A A description of the transaction 9. Reducing balance 8. The amount of straight depreciation charged each year would be 6. The depreciation charge for the year is 5. The straight line depreciation rate of charge each years is 6. The total depreciation charge on the 31 December should be 6. The book value of the assets is 6. The total difference in the profits over the three years would be 6. The income from subscriptions for the year in the income and expenditure account should be 6.

D D The sales mast therefore be 6.

GAT Management Sciences Book Description:

His drawings for the year total 6. Direct labor costs. This is because A unit of production in relation to which costs are ascertained A location which is responsible for controlling direct costs.

Part of the overhead system by which costs are gathered together Any location or department which incurs cost Fixed cost Material Labor Overheads Answers to the questions of accounting on this page.

The average inventory is Fore accident Theft Breaking the bulk. Evaporation Rowan plan allows more wages to a worker than Halsey plan Rowan plan allows less wages to a worker than Halsey plan Rowan and Halsey plan allow equal wages to a worker Rowan plan is in use Rate per unit Any of these What is the amount of under or overabsorption of overhead This loss should be Accounting treatment of this loss is The business completed 14, units of product, of which 4, units were half completed in Dec and started production on an additional 6, units that production cost per unit was.

If output is 40 units, the value of abnormal loss will be Assuming FIFO method, the equivalent production during the period was How many units were introduced during the period. When finished output in the process is only units, there is an BY products are of small total value BY-products are of considerable sales value BY-products require further processing for their sale None of the above.

GAT Management Sciences Book by Dogar Brothers

How many units were introduced in the process Work-in-progress ledger control account Cost ledger control account Stores ledger control Overhead adjustment account Considering these facts, it can be said that the plant manager has done a better than expected job in controlling the costs if Budget Marginal cost The quantitative technique that is most probably being used is 9.

The quantitative technique that is most probably being used is The material cost variance is Budget is a projection of financial accounts whereas standard cost is a projection of cost accounts The budget, as a statement of expected costs, is used for forecasting of finance, if certain performances are achieved Budgetary control is more intensive than standard costing Loss A proprietor's capital will decrease if his Net profit is greater than his drawings and does not introduce any new capital A proprietor's capital will remain constant if he only withdraws his Net profit each year, but also introduces new capital.

His gross profit is A description of the transaction Reducing balance The amount of straight depreciation charged each year would be The depreciation charge for the year is 9. The straight line depreciation rate of charge each years is The total depreciation charge on the 31 December should be The book value of the assets is The total difference in the profits over the three years would be The income from subscriptions for the year in the income and expenditure account should be The sales mast therefore be His drawings for the year total Prayers Needed Flag for inappropriate content.

Related titles. Jump to Page. Number of leavers Number replaced Numbers of employees at the end Number of leavers in a period Question: Direct labour,direct materials and direct expenses All direct costs plus factory overheads Direct materials plus total overheads Direct labor plus factory overheads Question: A unit of production in relation to which costs are ascertained A location which is responsible for controlling direct costs Part of the overhead system by which costs are gathered together Any location or department which incurs cost Question: Charging each cost unit a realistic proportion of overheads charging whole items of cost to centers Ensuring that each period carries its amount of cost by making accruals or prepayment s Dividing common costs among centers in proportion to the benefit received Question: Fixed costs and variable costs respectively Total costs and variable costs respectively Variable cost and fixed costs respectively Sales revenue and total costs respectively Question: Planning controlling profit sharing product costing Question: Fixed cost variable cost semi variable cost 13 Question: Material Labor Overheads Answers to the questions of accounting on this page Following list gives the correct choice for the answer of the accounting mcqs.

An Question: Bill of Material Bin card stores ledger All of these Question: Loss due to accidents pilferage Loss due to breaking the bulk Loss due to careless handling of materials All of these 14 Question: Last-in-first-out price First-in-first-out price Highest-in-first-out price Weighted average price Question: Quantity of stock being issued stock in balance Minimum stock Maximum stock Question: Investment value of materials Consumption value of materials Quantity of materials consumed All of these Following list gives the correct choice for the answer of the accounting mcqs.

Inflated price method Standard price method Replacement price method Specific price method Question: Loss by evaporation Loss due to improper storage of materials Loss due to breaking the bulk All of these Question: Simple average price Weighted average price Moving average price Inflated price Question: Replacement price 18 Question: Defectives Spoilage Waste Scrap Question: Fore accident Theft Breaking the bulk Evaporation pilferage Question: D Question: Halsey plan Rowan plan Taylors differential piece rate system Gantt's task and bonus system Question: Rs 18 Rs 14 Rs 16 Rs12 Question: A 23 Rowan plan allows more wages to a worker than Halsey plan Rowan plan allows less wages to a worker than Halsey plan Rowan and Halsey plan allow equal wages to a worker Question: D 25 Insurance to cover sold goods while in transit Royalty on sales Legal costs for debt realization Distribution of samples Question: Reducing balance method sum of digits method Annuity method a and b above Question: Rate per unit percentage on selling price of each unit Any of these Question: Either b or c 30 Question: Manufacturing process desires of management nature of business company organization structure all of the above Question: Repair shops printing presses Furniture making Automobile garages All of these 31 Question: Cost-plus contracts Escalation clause De-escalation clause All of the above Question: Materials Labor Supervision Storage lost both c and d 34 Question: Operating costing Batch costing process costing Unit costing Question: BY products are of small total value BY-products are of considerable sales value BY-products require further processing for their sale Following list gives the correct choice for the answer of the accounting mcqs.

BY products are of small total value BY-products are of considerable sales value BY-products require further processing for their sale Question: Job costing Operating costing Multiple costing Contract costing Question: Standard cost method opportunity cost method Reserve cost method sales value method Question: Integral system Non-integral system Under both a and b None of these Question: Cost Ledger control account None of the above 41 Question: Work-in-progress ledger control account Cost ledger control account Stores ledger control Question: Cost Ledger Control account stores ledger control account Overhead adjustment account All of these Question: Interest received on bank deposits Dividend paid on share capital Damages payable at law Debenture interest all of these Question: Transfer to general reserve Notional rent Rent receivable None of the above Question: E C Heavy donations Loss on the sale of fixed assets Notional rent Interest on borrowed capital all of these Question: Under-absorption of words overhead Interest on debentures paid Rent receivable Income tax paid All of the above Question: Factory overhead control account 43 Question: E D reporting dates vary according to the activity level reported upon planned activity level is adjusted to the actual activity level before the budget comparison report is prepared 44 Flexible budget Master budget cash budget capital budget Question: Flexible budget Master budget cash budget Fixed budget Question: Flexible budget Flexed budget difference between planned and actual results planning and control of activities Question: Budget for the key factor sales budget 45 Question: Forecast Budget Marginal cost None of these Question: Sales budget cash budget capital expenditure budget fixed budget Following list gives the correct choice for the answer of the accounting mcqs.

Fixed budget Capital expenditure budget Long term cash budget Master budget 46 Question: None of these 48 Question: None of these 49 Question: Theoretical standard Expected standard Normal standard Basic standard Question: Marginal costing Absorption costing job and process costing All of the above Question: Budget is a projection of financial accounts whereas standard cost is a projection of cost accounts variances are analyzed under standard costing but not under budgetary control The budget, as a statement of expected costs, is used for forecasting of finance, if certain performances are achieved Budgetary control is more intensive than standard costing Question: Budgeted overhead and actual overhead Standard overhead and actual overhead Absorbed overhead and budgeted overhead Absorbed overhead and standard overhead Question: Budgeted overhead and actual overhead Standard overhead and actual overhead Absorbed overhead and budgeted overhead Made By Farhan Qadeer M.

Absorbed overhead and standard overhead 56 Question: Expenditure variance Efficiency variance variable overhead cost variance volume variance Question: Actual profit and standard profit Actual profit and budgeted profit Actual sales and budgeted sales None of these Question: Fixed cost does not change in total amount variable cost does not change in total amount selling price does not change per unit company has no stocks Question: Fixed cost requiring cash variable costs requiring cash Both fixed and variable costs requiring cash cash fixed cost and all variable costs including credit Question: Amitabh owes you the money you owe Amitabh the money Amitabh has just paid you that amount of money Amitabh has returned that amount of goods to you Following list gives the correct choice for the answer of the accounting mcqs.

A creditor's account The motor vehicles account A loan account 68 Question: The capital account A creditor's account The motor vehicles account A loan account Question: The machinery account The downloads account The stock account The sales account Question: A breakdown van The managing director's private car The condense in the saleroom A customer's car in for repair 72 Question: C 73 A liability due for payment within 12 months A liability due for payment within 24 months A liability due for payment within 36 months A liability due for payment within 48 months Following list gives the correct choice for the answer of the accounting mcqs.

The cash book The journal The ledger The sales day of book 75 Question: The cash book The journal The sales day book The download day book Question: The sale of an asset for cash The withdrawal of cash for private use cash discount given to a customer The correction of errors made in the ledger Made By Farhan Qadeer M. C 80 Stop charging depreciation after the ten years Reduce the depreciation charge on another asset Question: B 82 Debtors usually appear as a current asset in the balance in the balance sheet provisions for bad debts usually have a debit balance in ledger The bad debts account usually has a debit balance in the ledger An increase in the provision for bad debts account will reduce the profit of the firm Question: Bank charges A dishonored cherub payments into the bank but not yet credited A credit transfer received from a customer Question: Direct labor costs power for the factory machinery cost of materials used factory rent and rates Question: Bank charges A dishonored cherub payment into the bank but not yet credited A credit transfer received from a customer Question: C 95 Interest charged by the bank A dishonored cheque A direct debit A payment from petty cash Question: Lists different petty expenses under their relevant headings is used instead of three column cash book is not part of the double entry system is always run on the imprest system Question: A jeweler Question: A super market A greengrocer A news agent A jeweler Following list gives the correct choice for the answer of the accounting mcqs.

Degree Level: PhD in Management Sciences. No schedule available. The reasons might be: The institute has not announced the schedule yet. This test is a child test. View parent test through link above. About Admission.

Disclaimer Sole purpose of Admission. Get in Touch Phone: Multan Pakistan.An internet-linked network that allows satisfaction and motivation employees access to information provided by B. This sentences implies passed similar legislation aII the following except b The fact that past such legislation improved a Family income level was lower few years ago the situation does not mean that the present b Wives earn more than husbands today bill will also do the same c It was more prevalent for one spouse to c That the new law is not as strong as the work earlier than today earlier bill d More husbands and wives are working d That ,the del'ence personnel are not always today as compared to last few years right e None of the above e None of the above.

A is the lowest price at which the b kaming management consumer's quantity demanded is zero. Collecting primary data online through. If suppliers allowed a total of Rs.

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An overweight person is sitting to the right of a 3. A description of the transaction C VOguc Dress 9 We have not gone there a long time Management function that involves the.

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