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Opening Inventory Quiz

When opening and closing inventories are compared, if ending inventory is more than opening inventory, it means that

Calculate the amount of direct labor if: Direct material = 15,000 Direct labor = 70% of prime cost

Under Periodic Inventory system Purchase of inventory is treared as:

Over applied FOH will always result when a predetermined FOH rate is applied and

Which of the following is/are reported in production cost report?

Which of the following ratios expressed that how many times the inventory is turning over towards the cost of goods sold?

The total labor cost incurred by a manufacturing entity includes which one of the following elements?

Which of the following statement measures the financial position of the entity on particular time?

The main difference between the profit center and investment center is

If opening inventory of material is Rs.20,000 and closing inventory is Rs. 40,000.the Average inventory amount will be

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