Bank Exams Questions

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Direct Materials doesn't come under Fixed Cost because it vary with changes in the activity level of a business.

Fixed Cost :

A fixed cost is a cost that does not change over the short-term, even if a business experiences changes in its sales volume or other activity levels.

It is of some importance to understand the extent and nature of the fixed costs in a business, since a high fixed-cost level requires a business to maintain a high revenue level in order to avoid generating losses.

Examples of Fixed Cost are:

Insurance, Salaries, Rent, Property Taxes,...

The act of formally approving something is known as Ratification.

Working efficiency of both typist together = 100/6 = 16.66%

Let the efficiency of first typist be x and second typist be (16.66 –x)

First typist for 4 minute + second tyoistfor 6 minute = 80% work

⇒4x + (16.66 –x) X 6 = 80%

⇒4x + 100% -6x = 80%,

⇒x = 10%

First typist typed 10% per minute, second typst typed (16.66 –10) = 6.66% per minute

Slowest is second typist complete whole job in 100/6.66 = 15.01 = 15 minute

Rafael Nadal defeated Daniil Medvedev in the men's singles title at the 2019 US Open. It was Nadal's 19th Grand Slam singles title, and fourth US Open title.