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GSFC Interview Questions and Answers
Ques:- How many types of standard are used in the process of establishment of standard costing system?
Asked In :- GSFC, India Cements, proximity,
Right Answer:
There are three types of standards used in the establishment of a standard costing system: ideal standards, attainable standards, and currently attainable standards.
Ques:- Determine sales in units for desired profit if Fixed cost is Rs 15,000, desired profit is Rs 5,000 Selling price per unit is Rs 20 and Variable cost per unit is Rs 16?
Asked In :- GSFC,
Ques:- Determine Operating ratio, if operating expenses is Rs 60,000, Sales is Rs 9,40,000, Sales Return is Rs 40,000 and Cost of net goods sold is Rs 6,60,000?
Right Answer:
Operating Ratio = (Operating Expenses + Cost of Goods Sold) / Net Sales

Net Sales = Sales - Sales Return = Rs 9,40,000 - Rs 40,000 = Rs 9,00,000

Operating Ratio = (Rs 60,000 + Rs 6,60,000) / Rs 9,00,000 = Rs 7,20,000 / Rs 9,00,000 = 0.8 or 80%
Ques:- In a control report of Department X, it is mentioned as indirect materials are Rs 1,000, Indirect labour Rs 900, Overtime Charges Rs 100, Depreciation on equipment Rs 500, Allocated factory overhead (38% of factory space) Rs 4300, Allocated overhead of repair shop is Rs 1200. Determine total costs treating department X as a responsibility center.
Ques:- How can you manage your job responsibility?
Right Answer:
I manage my job responsibilities by prioritizing tasks, setting clear goals, maintaining open communication with my team, regularly monitoring progress, and being adaptable to changes. I also ensure to delegate effectively and provide support where needed.
Ques:- What are the five control components of a project?
Right Answer:
The five control components of a project are:

1. Scope Control
2. Schedule Control
3. Cost Control
4. Quality Control
5. Risk Control
Ques:- How do you react to instructions and criticism ?
Right Answer:
I listen carefully to instructions and criticism, take notes if needed, and reflect on them to improve my work. I appreciate constructive feedback as it helps me grow and perform better.
Ques:- What can you do for this company?
Right Answer:
I can leverage my skills in data analysis and project management to drive informed decision-making, improve operational efficiency, and foster strong relationships with stakeholders, ultimately contributing to the company's growth and success.
Ques:- Why is that my company requires a PDR?
Right Answer:
A PDR (Preliminary Design Review) is required to ensure that the project is on track, meets requirements, and identifies potential risks early in the development process, allowing for necessary adjustments before moving forward.
Ques:- What is GR/IR documet? why to use it? when to use it? whatis the Menu- Path for GR/IR document? Please some bodyexplain it…
Asked In :- GSFC, lido,
Ques:- What is QS?
Asked In :- GSFC,
Ques:- What are the Text ? elements in scripts. Where you declare this. What is the use to this.
Asked In :- GSFC, frontier economics,
Right Answer:
In SAP scripts, the Text elements are used to define static text that can be reused throughout the script. They are declared in the Text Elements section of the SAPscript form. The use of Text elements allows for easier maintenance and localization of text, as changes can be made in one place and reflected wherever the text is used in the script.
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