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Subject - Accounting:

Cost and Management Accounting

MCQ - 263-265

Question:

A process costing system for J Co used an input of 3,500Kg of materials at Rs20 per Kg and labour hours of 2,750 at Rs25 per hour. Normal loss is 20% and losses can be sold at a scrap value of Rs5per Kg. Output was 2,950 Kg. What is the value of the output?

  1. Rs 142,485
  2. Rs 146,183
  3. Rs 149,746
  4. Rs 146,183

Correct Answer: A

Explanation:

Not Required

Record Performance

355 MCQ for effective preparation of the test of Cost and Management Accounting of Accounting section.

Read the MCQ statement: A process costing system for J Co used an input of 3,500Kg of materials at Rs20 per Kg and labour hours of 2,750 at Rs25 per hour. Normal loss is 20% .... of the output? , keenly and apply the method you have learn through the video lessons for Cost and Management Accounting to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 263-265.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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