Administrator

2706. Quantitative expression, of action plan by management of firm for a specified period of time is classified as

by
complexity
process
budget
batching
✅ The correct answer is C.
Quantitative expression, of action plan by management of firm for a specified period of time is classified as budget. A budget is an estimation of revenue and expenses over a specified future period of time and is utilized by governments, businesses, and individuals.

2712. Rate of return which considers riskiness and an available returns on investments is classified as

by
constant dividend
constant rate
maximum rate of return
minimum acceptable rate of return
✅ The correct answer is D.
Rate of return which considers riskiness and an available returns on investments is classified as minimum acceptable rate of return. A minimum acceptable rate of return (MARR) is the minimum profit an investor expects to make from an investment, taking into account the risks of the investment and the opportunity cost of undertaking it instead of other investments.

2714. If budgeted total direct labour hours are 3800 and budgeted direct labour cost is $480000, then budgeted direct labour cost rate will be

by
$126.32 per labour hour
$128.32 per labour hour
$130 per labour hour
$132 per labour hour
✅ The correct answer is A.
Budgeted direct labour cost rate = Budgeted direct labour cost ÷ Budgeted total direct labour hours
= $480000 ÷ 3800 = $126.32 per labour hour

2699. In a normal accounting period, allocated amount of indirect cost is $2000 and actual amount is $2200, then this is classified as

by
over allocated budget
under allocated budget
under allocated indirect cost
over allocated direct cost
✅ The correct answer is A.
In a normal accounting period, allocated amount of indirect cost is $2000 and actual amount is $2200, then this is classified as over allocated budget because allocated amount is less than actual amount.

2700. State which of the following assets is beyond the scope of the creditors.

by
Ramakant’s indebtedness after his demise can lead to the creditors taking away his property
Ramakant’s bank accounts can be attached to clear off his debts
Mutual funds proceeds can be attached by the creditors
Term policy proceeds under MWP Act
✅ The correct answer is D.
Term policy proceeds under MWP Act is beyond the scope of the creditors. If the Insurance policy was purchased under MWP Act, creditors cannot claim any amount from the policy proceeds and thus the claimed amount becomes available to the nominees.