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Saturday, December 11, 2010

Mgt501 Mid Term Current Paper (Dec 2010)

Paper 01:

No job opportunity available for an individual with physical imparity in ARMY, is this act of discrimination? 3 marks
what info is reflected by the "red flag" how it help to screening job applications.? 3
different between training and development? 5
how MRIS help in operational and strategic management ?5



Paper 02

28 mcqs total from 2009 midterm paper

Describe Quantity discounts and its types. marks 3
what is the main error on jobs interview describe 3.. marks 3
what is job analys define.. marks 5
define hr planning marks 5

MGT402 Today`s Paper Fall 2010

Which of the following best describe piece rate system?

The increased volume of production results in decreased cost of production

► The increased volume of production in minimum time

► Establishment of fair standard rates

► Higher output is a result of efficient management

Which of the followin is NOT an assumption of the basic economic-order quantity model?

► Annual demand is known

► Orderin cost is known

► Carryin cost is known

Quantity discounts are available

All of the following are deducted from gross Profit to calculate Operating income EXCEPT:

► Selling expenses

► Advertising expenses

► Administrative expenses

Financial expenses

The salary of factory clerk is treated as:

► Direct labor cost

Indirect labor cost

► Conversion cost

► Prime cost

The components of the conversion cost are:

► Direct Material + Direct Labor + Other Direct Cost

Direct Labor + FOH

► Prime Cost + FOH+ Other Direct Cost

► Prime Cost + FOH

In cost accounting, Avoidable loss is charged to which of the following?

► Factory over head control account

Work in process control account

► Marketing overhead control account

► Administration overhead control account

Which of the following functions are fulfilled by Goods Received Note?

i. Provides information to update the inventory records on receipt of goods

ii. Provides information to check the quantity on the supplier’s invoice

iii. Provides information to check the price on the supplier’s invoice

► (i) only

(i) and (ii) only

► (i) and (iii) only

► (ii) and (iii) only

Overhead absorption rate (OAR) can be calculated as:

► Direct labor cost /Direct Labor hours

Estimated FOH/ Direct Labor hours

► Prime cost/ Estimated FOH

► Prime cost/ Direct labor cost

Which of the following would be considered as factory overhead using a job order cost system?

► Direct materials

► Direct labor

Depreciation on factory buildings

► Salesperson's salary

► Salesperson's salary

If, Basic Salary Rs.10,000

Per Piece commission Rs. 5

Unit sold 700 pieces

What will be the COMMISION?

Rs. 3,500

► Rs. 13,500

► Rs. 10,000

► Rs. 6,500

With reference to cost of production report, cost accounted for as follows is also known as:

Cost reconciliation

► Bank reconciliation

► Cash reconciliation

► Capital reconciliation

Identify units transferred out with the help of given data:

Units

Units still in process (100%material, 75% conversion )

4,000

Lost units

2,000

Units started in process

50,000

► 6,000 units

44,000 units

► 52,000 units

► 56,000 units

The difference over the period of time between actual and applied FOH will usually be minimal when the predetermined overhead rate is based on:

Normal capacity

► Designed capacity

► Direct Labor hours

► Machine hours

The cost that is subject to actual payment or will be paid for in future is called:

► Fixed cost

► Step cost

Explicit cost

► Imputed cost

Cost of material consumed under LIFO costing method is Rs. 6,000. Conversion Cost is Rs. 16,500. 1,000 units of the product were manufactured out of which 800 @ Rs. 30 units sold. There were no beginning and ending inventories of work in process and finished goods.

Required: Calculate per unit cost with the help of given information.

► Rs. 22.50

Rs.16.50

► Rs. 6.00

► Rs. 28.13

Calculate total salary received with the given data.

Salary

Rs.5000

Per Piece commission

10 % per piece

Unit sold

700 pieces

Price per piece

Rs. 10

► Rs. 5,100

► Rs. 5,000

► Rs. 5,600

► Rs. 5,700

Which cost accumulation procedure is best suited to a continuous mass production process of similar units?

► Job order costing

Process costing

► Standard costing

► Actual costing

Which of the following method of inventory valuation is not recommended under IAS 02?

► LIFO

► FIFO

► Weighted Average

► Both LIFO & FIFO

Which of the following are basic inventories for a manufacturing concern?

► Indirect materials, goods in process, and raw materials

► Finished goods, raw materials, and direct materials

► Raw materials, goods in process, and finished goods

► Raw materials, factory overhead, and direct labor

If the cost per equivalent unit is Rs. 1.60. The equivalent units of output are 50,000. The WIP closing stock is 10,000 units, 40% completed. What will be the value of closing stock?

► Rs. 9,600

► Rs. 80,000

► Rs. 16,000

Rs. 6,400

Consider the following data:

Salary

Rs.5000

Per Piece commission

10 % per piece

Unit sold

700 pieces

Price per piece

Rs. 10

Amount of commission received

?

► Rs. 100

► Rs. 500

► Rs. 600

Rs. 700

Question No: 32 ( Marks: 1 ) - Please choose one

Lost units (Normal loss)

500 units

Units received from preceding department

13,500 units

Units completed in this department

11,750 units

Required: Identify units still in process with the help of above data.

1,250 units

► 14,000 units

► 12,250 units

► 1,750 units

The journal entry of Material purchase on credit under perpetual inventory system is:

► Inventory account (Dr) Material account (Cr)

► Account payable (Dr.) Purchases account (Cr)

Inventory account (Dr) Account payable account (Cr)

► Purchases account (Dr) Accounts payable account (Cr)

A direct cost is identified by which of the following feature?

Its behavior

Its traceability

Its controllability

Its relevance

INCOME BEFORE INTEREST AND TEX

OTHER INCOME

OPERATING INCOME

GROSS PROFIT

Pay roll sheet include except

Gross income

Net income

Tax rebate

Statuary and non statuary

Inventory of Rs. 96,000 was purchased during the year. The cost of goods sold was Rs. 90,000 and the ending inventory was Rs. 18,000. What was the inventory turnover ratio for the year?

► 5.0 times

► 5.3 times

6.0 times

► 6.4 times

Discuss the advantages and disadvantages of the group bonus scheme?

Write the formula of abortion and discuss it base?

Tuesday, December 7, 2010

TODAY’S PAPER MGT 201(7.12.2010)


· What are the reason due to which you do not invest in project which provide you highest return?(3)

· Briefly explain advantages of assets having short life(3)

· How negatively coorelated investment behave in a market?(5)

· Why does diversification reduce risk(5)

MGT411Mid Paper Fall 2010

Find out YTM of 1 year 12% coupon bond selling at $130. (Face value of bond = $100). (Marks: 3)

Discuss adverse selection in financial markets (Marks: 3)

Discuss bubbles in your own word. (Marks: 5)

Differentiate between yield to maturity and current yield. (Marks: 5)

MGMT628 today paper

1. Briefly explain the purpose of membership boundary with in marginality (3)

2. Why there is no one best way to collect data. Give reason (3)

3. How would you differentiate b/w visible and invisible manifestations of culture? (5)

4. During the entry process of organization development, internal consultants have clear advantage over external consultant. Do you agree or not. Discuss. (5)

5. What are the two feature of technology core that influence other design component of organization. Discuss in detail. (5)