A. Seller
B. Manufacturer
C. Producer
D. Buyer or consumer
Related Mcqs:
- What refers to the cost of borrowing money or the amount earned by a unit principal per unit time ?
A. Yield rate
B. Rate of return
C. Rate of interest
D. Economic return - The monthly demand for ice cans being manufactured by Mr. Camus is 3200 pieces. With a manual operated guillotine, the unit cutting cost is P25.00. An electrically operated hydraulic guillotine was offered to Mr. Camus at a price of P275,000.00 and which cuts by 30% the unit cutting cost. Disregarding the cost of money, how many months will Mr. Camus be able to recover the cost of the machine if he decides to buy now ?
A. 10 months
B. 11 months
C. 12 months
D. 13 months - What is considered as the standard unit which forms the basis of a country’s domestic money supply ?
A. Monetary unit
B. Currency
C. Foreign exchange
D. Cash or check - What is the basic accounting equation ?
A. Assets = liability + owner’s equity
B. Liability = assets + owners’ equity
C. Owner’s equity = assets + liability
D. Owner’s equity = liability – assets - What refers to the ratio of the interest payment to the principal for a given unit of time and usually expressed as a percentage of the principal ?
A. Return of investment
B. Interest rate
C. Yield
D. Rate of return - The Saudi Arabian Oil Refinery developed an oil well which is estimated to contain 5,000,000 barrels of oil at an initial cost of $ 50,000,000. What is the depletion charge during the year where it produces half million barrels of oil? Use Unit or Factor method in computing depletion?
A. $ 5,000,000.00
B. $ 5,010,000.00
C. $ 5,025,000.00
D. $ 5,050,000.00 - A manufacturer produces certain items at a labor cost of P 115 each, material cost of P 76 each and variable cost of P 2.32 each. If the item has a unit price of P 600, how many units must be manufactured each month for the manufacturer to break even if the monthly overhead is P428,000 _________________?
A. 1,033
B. 1,037
C. 1,043
D. 1,053 - A manufacturing firm maintains one product assembly line to produce signal generators. Weekly demand for the generators is 35 units. The line operates for 7 hours per day, 5 days per week. What is the maximum production time per unit in hours required of the line to meet the demand ?
A. 1.0 hour per unit
B. 1.2 hours per unit
C. 1.4 hours per unit
D. 1.6 hours per unit - What is another term for “unit method” for computing depletion ?
A. Initial cost method
B. Percentage method
C. Factor method
D. Sinking fund method - What is the change in cost per unit variable change called ?
A. Variable cost
B. Incremental cost
C. Fixed cost
D. Supplemental cost
