Start Quiz

1. Start Quiz

2. 50:50 £1,000,000 £500,000 £500,000 £250,000 £250,000 £125,000 £125,000 The words Raw materials, WIP, Production and Factory are all associated with ? £64,000 £64,000 £32,000 £16,000 £16,000 £8000 £8000 £4000 £4000 A. Trading Account B. Manufacturing Account £2000 £2000 £1000 £750 £750 £500 £500 C. Profit & Loss Account. D. Balance Sheet £200 £200 £100

3. 50:50 £1,000,000 £500,000 £250,000 £125,000 The words Raw materials, WIP, Production and Factory are all associated with ? £64,000 £32,000 £16,000 £8000 £4000 A. Trading Account B. Manufacturing Account £2000 £1000 £750 £500 . £200 £100

4. 50:50 £1,000,000 £500,000 £250,000 The cost of Manufacturing goods is called ? £125,000 £64,000 £32,000 £16,000 £8000 £4000 A . Production Cost Of Goods B. Cost of Goods Available £2000 £1000 £750 £500 C. Purchases D. Production Expenses £200 £100

5. 50:50 £1,000,000 £500,000 £250,000 The cost of Manufacturing goods is called ? £125,000 £64,000 £32,000 £16,000 £8000 £4000 A . Production Cost Of Goods £2000 £1000 £750 £500 D. Production Expenses £200 £100

6. 50:50 £1,000,000 £500,000 £250,000 £125,000 The indirect factory costs of manufacturing goods is called? £64,000 £32,000 £16,000 £8000 £4000 A . Prime Cost B. Raw materials £2000 £1000 £750 £500 C. Finished Goods D. Factory Overhead Expenses £200 £100

7. 50:50 £1,000,000 £500,000 £250,000 £125,000 The indirect factory costs of manufacturing goods is called? £64,000 £32,000 £16,000 £8000 £4000 B. Raw materials £2000 £1000 £750 £500 D. Factory Overhead Expenses £200 £100

8. 50:50 £1,000,000 £500,000 £250,000 £125,000 In Manufacturing accounts Direct Wages is shown as part of ? £64,000 £32,000 £16,000 £8000 £4000 A . Factory Overheads B. Prime Cost £2000 £1000 £750 £500 C. Admin Expenses D. S&D Expenses £200 £100

9. 50:50 £1,000,000 £500,000 £250,000 £125,000 In Manufacturing accounts Direct Wages is shown as part of ? £64,000 £32,000 £16,000 £8000 £4000 B. Prime Cost £2000 £1000 £750 £500 C. Admin Expenses £200 £100

10. 50:50 £1,000,000 £500,000 £250,000 £125,000 Depreciation of Plant + Machinery should be included in ? £64,000 £32,000 £16,000 £8000 £4000 A . Direct Expenses B. Admin Expenses £2000 £1000 £750 £500 C. Factory Overheads D. Cost of Materials £200 £100

11. 50:50 £1,000,000 £500,000 £250,000 £125,000 Depreciation of Plant + Machinery should be included in ? £64,000 £32,000 £16,000 £8000 £4000 A . Direct Expenses £2000 £1000 £750 £500 C. Factory Overheads £200 £100

12. 50:50 £1,000,000 £500,000 £250,000 Admin Expenses Occur in ?? £125,000 £64,000 £32,000 £16,000 £8000 £4000 A . Profit &Loss Account B. Factory Overhead Expenses £2000 £1000 £750 £500 C. Trading Account D. Direct Raw Materials £200 £100

13. 50:50 £1,000,000 £500,000 £250,000 Admin Expenses Occur in ?? £125,000 £64,000 £32,000 £16,000 £8000 £4000 A . Profit &Loss Account B. Factory Overhead Expenses £2000 £1000 £750 £500 £200 £100

14. 50:50 £1,000,000 £500,000 £250,000 £125,000 Which of the following can be classified as an Admin Expense? £64,000 £32,000 £16,000 £8000 £4000 A . Sales B. Carriage Outwards £2000 £1000 £750 £500 C. Salesman Salaries D. Office Salaries £200 £100

15. 50:50 £1,000,000 £500,000 £250,000 £125,000 Which of the following can be classified as an Admin Expense? £64,000 £32,000 £16,000 £8000 £4000 £2000 £1000 £750 £500 C. Salesman Salaries D. Office Salaries £200 £100

16. 50:50 £1,000,000 £500,000 £250,000 £125,000 WIP should be shown in which category of Balance Sheet? £64,000 £32,000 £16,000 £8000 £4000 A . Fixed Assets B. Current Assets £2000 £1000 £750 £500 C . Current Liabilities D. Financed By £200 £100

17. 50:50 £1,000,000 £500,000 £250,000 £125,000 WIP should be shown in which category of Balance Sheet? £64,000 £32,000 £16,000 £8000 £4000 B. Current Assets £2000 £1000 £750 £500 C . Current Liabilities £200 £100

18. 50:50 £1,000,000 £500,000 £250,000 £125,000 Cost of raw Materials Used should be included in? £64,000 £32,000 £16,000 £8000 £4000 A . Factory Overhead Expenses B. Admin Expenses £2000 £1000 £750 £500 C . Prime Cost D. Selling & Distribution £200 £100

19. 50:50 £1,000,000 £500,000 £250,000 £125,000 Cost of raw Materials Used should be included in? £64,000 £32,000 £16,000 £8000 £4000 A . Factory Overhead Expenses £2000 £1000 £750 £500 C . Prime Cost £200 £100

20. 50:50 £1,000,000 £500,000 £250,000 £125,000 Opening and Closing work in progress are shown in? £64,000 £32,000 £16,000 £8000 £4000 A. Production Cost of Goods B. Trading Account £2000 £1000 £750 £500 C. P+L Account D. Prime Cost £200 £100

21. 50:50 £1,000,000 £500,000 £250,000 £125,000 Opening and Closing work in progress are shown in? £64,000 £32,000 £16,000 £8000 £4000 A. Production Cost of Goods £2000 £1000 £750 £500 D. Prime Cost £200 £100

22. 50:50 £1,000,000 £500,000 £250,000 £125,000 Production Expenses occur in what area? £64,000 £32,000 £16,000 £8000 £4000 A . Trading Account B. Manufacturing Account £2000 £1000 £750 £500 C . Admin Expenses D. Profit & Loss Account £200 £100

23. 50:50 £1,000,000 £500,000 £250,000 £125,000 Production Expenses occur in what area? £64,000 £32,000 £16,000 £8000 £4000 B. Manufacturing Account £2000 £1000 £750 £500 D. Profit & Loss Account £200 £100

24. 50:50 £1,000,000 £500,000 £250,000 £125,000 Stock of Finished Goods appears in ? £64,000 £32,000 £16,000 £8000 £4000 A .Manufacturing Account B. Expenses £2000 £1000 £750 £500 C . Trading Account D. Cost of Raw materials £200 £100

25. 50:50 £1,000,000 £500,000 £250,000 £125,000 Stock of Finished Goods appears in ? £64,000 £32,000 £16,000 £8000 £4000 £2000 £1000 £750 £500 C . Trading Account D. Cost of Raw materials £200 £100

26. 50:50 £1,000,000 £500,000 £250,000 £125,000 Cost of Production calculation is? £64,000 £32,000 £16,000 £8000 £4000 A. Prime Cost + Factory Overheads A. B. Prime Cost - Factory Overheads B. £2000 £1000 £750 £500 C. Cost of Raw Materials - Expenses C. D. Gross Profit + Expenses £200 £100

27. 50:50 £1,000,000 £500,000 £250,000 £125,000 Cost of Production calculation is? £64,000 £32,000 £16,000 £8000 £4000 A. Prime Cost + Factory Overheads A. B. £2000 £1000 £750 £500 C. Cost of Raw Materials - Expenses C. £200 £100

28. 50:50 £1,000,000 £500,000 £250,000 £125,000 Accountancy Charges are included in ? £64,000 £32,000 £16,000 £8000 £4000 A . Prime Cost B. Trading Accounts £2000 £1000 £750 £500 C. Factory Overheads D. Admin Expenses £200 £100

29. 50:50 £1,000,000 £500,000 £250,000 £125,000 Accountancy Charges are included in ? £64,000 £32,000 £16,000 £8000 £4000 B. Trading Accounts £2000 £1000 £750 £500 D. Admin Expenses £200 £100

30. 50:50 £1,000,000 £500,000 £250,000 £125,000 The difference between the opening stock and closing stock work in progress is included in calculation for? £64,000 £32,000 £16,000 £8000 £4000 A . Prime Cost B. Gross Profit in Trading A/C £2000 £1000 £750 £500 C. Cost of Production D. Net Profit £200 £100

31. 50:50 £1,000,000 £500,000 £250,000 £125,000 The difference between the opening stock and closing stock work in progress is included in calculation for? £64,000 £32,000 £16,000 £8000 £4000 B. Gross Profit in Trading A/C £2000 £1000 £750 £500 C. Cost of Production £200 £100

32. !!! WELL DONE !!! 200

33. !!! WELL DONE !!! 500

34. !!! WELL DONE !!! 750

35. !!! WELL DONE !!! 1000

36. !!! WELL DONE !!! 2000

37. !!! WELL DONE !!! 4000

38. !!! WELL DONE !!! 8000

39. !!! WELL DONE !!! 16,000

40. !!! WELL DONE !!! 32,000

41. !!! WELL DONE !!! 64,000

42. !!! WELL DONE !!! 125,000

43. !!! WELL DONE !!! 250,000

44. !!! WELL DONE !!! 500,000

45. !!! WELL DONE !!! 1,000,000

46. !!! WRONG ANSWER !!! Try AGAIN !!!

47. !!! WRONG ANSWER !!! Try AGAIN !!!

48. !!! WRONG ANSWER !!! Try AGAIN !!!

49. !!! WRONG ANSWER !!! Try AGAIN !!!

50. !!! WRONG ANSWER !!! Try AGAIN !!!