Other questions in this quiz

2. Inventory turnover

  • Cos/ average inv or cos/Closing inv
  • Standard hours(actual) / actual hours x100
  • Standard hours(actual) / budgeted hours x100
  • Actual hours/ budgeted x100

3. What is value added?

  • Turnover- cost of material - bought in services
  • Current assets - inventories / current liabilities
  • Turnover / non current assets × net current assets
  • Current assets/ current liability

4. Production/activity

  • Actual hours/ budgeted hours x100
  • Cos/Closing inventory
  • Standard hours(actual) / budgeted hours x100
  • Standard hours(actual) / actual hours x100

5. What's the efficiency ratio?

  • Actual hours / budgeted x100
  • Standard hours(actual) / actual hours x100
  • Standard hours(actual) / budgeted hours x100
  • COS/ average inventory or COS/ CI

Comments

No comments have yet been made

Similar Accounting resources:

See all Accounting resources »See all AAT synoptic level 4 resources »