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Flexible Budgets and Overhead Variance Analysis Management Accounting

Problem 1 Using the following information, prepare a flexible budget for the production of 80% and 100% activity. Production at 50% Capacity 5,000 Units Raw Materials $80 per unit Direct Labor $50 per unit Direct Expenses $15 per unit Factory Expenses $50,000 (50) (Fixed) Administration Expenses $60,000 (Variable) Solution Flexible Budget at a Capacity of …

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Production and Operations Management MCQ- 2

BBA | MBA | BHA | MHA | M. Com | CA | CMA ANSWERS : (51)(d) Chemical and Mechanical properties(52)(c) Production(53)(b) Operations management(54)(c) Optimal utilisation of available resources(55)(d) Unlimited, can be applied to any type of activity(56)(a) Standardised products(57)(b) In Product system the machinery and equipment are fixed and in project systemthey are not …

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Production and Operations Management MCQ

BBA | MBA | BHA | MHA | M. Com | CA | CMA Answer Key:(1) (d) Flexibility(2) (a) Machine break-downs(3) (b) Growth(4) (c) TQM(5) (b) Independent Float(6) (a) Regular spares(7) (d) Time between placing the order and receiving the materials(8) (c) PERT & CPM(9) (a) Material requirement planning(10)(b) Gantt chart(11)(b) Simplification(12)(c) Manufacturing products(13)(c) Few …

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Impact of Russia and Ukraine war on Indian Economy – Macroeconomic Analysis

Current Affairs | Macroeconomics | Commerce & Management Introduction : On 24th February, 2022, Russia and Ukraine went into a conflict, which has impacted the Indian Economy, bringing about results and effects on various regions and perspectives. In a United Nations (UN) meeting, India went without casting a ballot. India has kept an impartial position in the …

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Basic Applications of Computer

Computers play a very important role in today’s society. We now that every tasks is mostly dependent on computers in current times. Computers are used for various purposes at home, education, healthcare etc. We use computers for work like payment of online bills, watching movies or shows at home, online tutoring, social media access, playing …

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