360. A document which consists information about labour time usage, for specific job in a specific department, is known as

selling time record
labour time record
buying time record
direct time record
✅ The correct answer is B.
A document which consists information about labour time usage, for specific job in a specific department, is known as labour time record. A document which records the amount of time spent by an employee, showing the analysis between a numbers of activities during a payment period. It may record the wages (labour cost) of the time spent.

355. The cost per unit of a product manufactured in a factory amounts to Rs 160 (75% variable) when the production is 10,000 units. When production increases by 25%, the cost of production will be Rs per unit.

Rs 145
Rs 150
Rs 152
Rs 140
✅ The correct answer is C.
Cost p.u 160

75%is variable cost 120p.u

40rs p.u fixed cost (fixed cost not change when production unit increase or decrease) fixed cost is
40 * 10000 = Rs. 400000

Cal cost p.u if production increase by 25%

10000 + 25% = Rs. 12500

Total cost = variable cost + fixed cost

(12500 * 120) + 400000 = Rs. 1900000

Cost p.u = 1900000 / 12500 = Rs. 152

389. Which type of classification is based on numerical order?

Alphabetical classification
Alphanumeric classification
Numerical classification
Geographical classification
✅ The correct answer is C.
Numerical classificatio is based on numerical order. An assessment of the relative contribution of the intangible items to the aggregate intangible value based on a managerial point of view of the strategic choices, goals and positions of the firm.

378. Institute of Insurance and Risk Management is located in which city?

Agra
Aligarh
Hyderabad
Ahmedabad
✅ The correct answer is C.
Institute of Insurance and Risk Management (IIRM), Promoted by IRDAI and approved by AICTE is situated in Hyderabad, Telangana has been in existence for over a decade and is mandated to deliver excellence in education that meets the changing need of the fast-growing Industry and Economy at large.