BS PHYSICS 101 - Study guides, Class notes & Summaries
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Exam (elaborations)
Cost Accounting MCQs (Set-I) | for FPSC and all other One Paper MCQs Tests
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---9November 20222022/2023A+
- Cost Accounting MCQs (Set-I) | for FPSC and all other 
One Paper MCQs Tests 
The difference over the period of time between actual and applied FOH will usually be 
minimal when the predetermined overhead rate is based on: 
(a) Normal capacity 
(b) Designed capacity 
(c) Direct Labor hours 
(d) Machine hours 
Answer: a 
The cost of goods sold was Rs. 240,000. Beginning and ending inventory balances were Rs. 
20,000 and Rs. 30,000, respectively. What was the inventory turnover? 
(a) 8.0 times 
(b)...
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