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ICAN INTERMEDIATE EXAM PAST QUESTIONS AND ANSWERS MAY/NOV DIET 2024
ICAN INTERMEDIATE EXAM PAST QUESTIONS AND ANSWERS MAY/NOV DIET 2024 is your best preparation material for guaranteed higher score in the exam.
It contains well explained answers to the ICAN INTERMEDIATE past questions.
Learn how to effectively solve the questions and gain confidence for the your exam.
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Sample of ICAN INTERMEDIATE EXAM PAST QUESTIONS AND ANSWERS MAY/NOV DIET 2024
Write ONLY the alphabet (A, B, C, D or E) that corresponds to the correct option in each
of the following questions/statements:
- In relation to cost accounting, which of the following is CORRECT?
A. Information is mainly produced for external use.
B. The purpose of information is to record financial performance.
C. Formats and contents of accounts should follow accounting standards.
D. Time period is historical and futuristic.
E. It is regulated by legal requirement. - The issue of materials from store is done using a Material Requisition Note. Which
of the following is NOT contained in a Material Requisition Note?
A. Quantity
B. Authorisation
C. Stock balance
D. Description
E. Job or centre charged
- An assessment which is carried out during the design stage of a product to
achieve the desired objectives at minimum cost is known as……………….. - If revenue is the most crucial part of a company’s operations, then the foundation
of all budgets is the……………………. - A location, person or an item of equipment in relation to which cost may be
ascertained and used for the purpose of cost control is called………………….. - From the records of KKK Limited, the following data were extracted:
Budgeted labour hours 6,000 hours
Standard hours produced 5,400 hours
Actual labour hours 5,760 hours
Calculate the capacity ratio.
