MGT402 Current Midterm Paper Fall 2013 Shared by Heer File 3

Hello.. My over all paper was so easy.. Mcq's mostly past se thy ....

In first question one list was given and we have to identify which of the products are examples of job order costing and process costing... Some of the products I remember were cigarettes, Sewing machine , Men's suit, chocolate syrup ... 

Q2. how normal and abnormal losses are treated in cost accounting?

Q.3 Pass the journal entries. data yaad nahi :(

Q.4 Find wages  rate with the help of halsey premium plan and find effective rate of earnings.

Q. 5 same aya tha as given below:

Units transferred to next department                                  40,000
Units still in process (all material, 2/3 labour & FO H)          8,000

               Following costs were added during the process.

                            Materials                               Rs.40,500
                            Labour                                     101,700
                            Factory overhead                       50,500

Required:
             You are required to calculate equivalent units of material, labour and factory

             Overhead and unit cost of material, labour and factory overhead

Good Luck :)