Question

16. What are different types of standards? Explain.
From the following information relating to Moon Light Ltd. Prepare a Balance
Sheet as on 31.03.2019.
(a) Current Ratio - 2.5
(b) Liquid Ratio - 1.5
Net Working Capital - 3,00,000
Cost of Sales/Closing stock - 8 times
(e) G.P. Ratio - 20%
(1). Average Debt collection period - 1.5 months
(g) Fixed assets/share holders net worth - 0.75
(h)
Reserves and surplus-share capital - 0.50.
2302-17 DD​

Answer 1

Answer:

to product differentiation ... Increase in profit due to changes in price (given) ... Labour Rate Variance for semi-skilled workers is 160