a Rate per hour =Rs.1.50 per hour Time allowed for job = 20 hours. Time taken = 15 hours
The total earnings of the worker under the Halsey Plan 26.25 6.30.00 с. 22.50 d 26.52
b. Calculate Stock Turnover Ratio: Annual sales = Rs. 2,00,000 Gross Profit = 20% on cost of
Goods Sold. Opening stock = Rs. 38,500 Closing stock = Rs. 41,500.
a) 4.00 b) 4.50 c) 4.17 d) none
c. XYZ Co. Ltd is having 400 workers at the beginning of the year and 500 workers at the end
of the year. During the year 20 workers were discharged and 15 workers left the company. The
Labour Tumover under separation method is A 22.20% B. 7.78% C. 4.00% D. 14.40%
d. A company maintains a margin of safety of 25% on its current sales and earns a profit of 30
lakhs per annum. If the company has a p/v ratio of 40%, its current sales amount to
A) 200 lakhs B) 300 lakhs C) 325 lakhs D). None of the above.
e. Machinery Opening 350000 closing 420000 Depreciaition 24000. Loss on sale of machinery
5000. Cost of the machinery sold is 18000. The new purchases will be
a) 117,000 b. 122.000 c). 112,000 d). 107.000.
f. Sales 50000. Profit 25% on sales. Selling and distribution exp Rs. 5000. Opening and closing
finished goods are 12,000 and 15,000, respectively. The cost of production will be
1) 35,500 ii) 29500 III) 35,000 iv) 38,000.
Answers
Answer:
Explanation:
a) Halsey premium plan = T × R + 50/100 (S -T) × R
T = Time taken
S = Standard time
R = Rate per hour
= 15 × 1.50 + 50 /100(20 -15 ) × 1.50
= 22.5 + 0.5 × 5 × 1.50
= 22.5 + 3.75
= 26.25
b) Annual sales = Rs. 2,00,000
Gross profit = 20 % on cost
Opening stock = 38500
Closing stock = 41500
Let cost of goods sold be X
Gross profit = 20% of X
20/100 × X
= 1/5 × X = X/5
Selling price = cost of goods sold + G P
=2,00,000 = x + x /5
2,00,000 = 5x + x/5
2,00,000 = 6x/5
10,00,000 = 6x
x = 10,00,000 /6
x = 1,66,667
Average stock = Opening stock + closing stock /2
= 38500 + 41500 /2
= 40000
Stock Turnover Ratio = cost of goods sold / Average stock
= 1,66,667/ 40000
= 4.17
a) Halsey premium plan =T* R+5O/100
(S - T) * R
T = Time taken
S = Standard time
R = Rate per hour
=15×1.50+50/100(20-15)×1.50
=22.5+0.5×5×1.50
= 22.5 +3.75
= 26.25
b) Annual sales = Rs. 2,00,000
Gross profit =20\% on cost
Opening stock = 38500
Closing stock =41500
Let cost of goods sold be X
Gross profit = 20% of X
20/100 × X
= 1/5 × X = X/5
Selling price = cost of goods sold + G P
=2,00,000=x+x/5
2, 00, 000 = 5x + x / 5
2, 00, 000 = 6x / 5
10, 00, 000 = 6x
x = 10, 00, 00/6
x = 1, 66, 67
Average stock = Opening stock + closing stock/2
=38500+41500/2
=40000
Stock Turnover Ratio = cost of goods sold / Average stock
= 1,66,667/ 40000
= 4.17
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