BUSINESS ADMINISTRATION
ACCOUNTING FOR MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Litres were used to ascertain cost of ____
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Sugar
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Flour
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Cooking oil
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Petrol
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Explanation:
Detailed explanation-1: -If you take the distance travelled and divide that by 100 then multiply the result by the fuel consumption (l/100 km) and then multiply that by the current fuel price you will arrive at the cost of fuel for the journey. Divide that by the distance and you have the cost per kilometre.
Detailed explanation-2: -The retail selling price of petrol in India is based on a crude oil, OMC margin, transportation cost, freight costs, central government taxes, state government taxes, excise duty and other taxes. OMC Costs: Oil marketing companies refine crude oil into petrol and then sell it to the dealers.
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