Management Accounting Test Questions


Q.  ABC Ltd is operating a system of standard costing with closing of books done every quarter. The budgeted overheads are Rs 2,55,000. Also, the overhead rate was pre-decided @ Rs 5.1 per labour hours and during a quarter actually used 52,000 labour hours, instead of 51,000 hours. The actual overheads resulted in a rate of Rs 4.9 per labour hours. What is volume variance?

a. Rs 5,100 favorable
b. Rs 5,200 favorable
c. Rs 5,100 unfavorable
d. Rs 5,200 unfavorable


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  Four alternatives are given for the idioms/ phrases underlined in the sentence. Choose the one that best expresses the meaning of the idiom. She was so intimidated by the presence of the school principal that she forgot her memorized lines and started to beat around the bush.
Category: English for Competitive Exams,   Published by: teswesm
MCQs:  Four alternatives are given for the idioms/ phrases underlined in the sentence. Choose the one that best expresses the meaning of the idiom. Ravi shifted into a new house. His new LCD television cost him an arm and a leg.
Category: English for Competitive Exams,   Published by: teswesm
MCQs:  Choose the correct alternative which can be substituted for the below given word/ sentence. A speech delivered without any prior preparation
Category: English for Competitive Exams,   Published by: teswesm
MCQs:  Choose the correct alternative which can be substituted for the below given word/ sentence. Afternoon nap
Category: English for Competitive Exams,   Published by: teswesm
MCQs:  Pick the word/phrase closest in meaning to the given word. Transitory
Category: English for Competitive Exams,   Published by: teswesm
MCQs:  Pick the word/phrase closest in meaning to the given word. Ductile
Category: English for Competitive Exams,   Published by: teswesm
MCQs:  The question below consists of four sentences marked A, B, C and D. Arrange the sentences in a proper sequence to form a coherent paragraph. A) It is not as severely shortened as note-making. B) Summarising follows note making. C) If the main points are to be reported we present a summary. D) The purpose of note-making is usually for one’s own personal reference.
Category: English for Competitive Exams,   Published by: teswesm
MCQs:  In the question below, there is a sentence with jumbled up parts. Rearrange these parts, which are labelled A, B, C and D to produce the correct sentence. Choose the proper sequence. In poor countries…......... A) for cooking B) local forests are C) to procure firewood D) being decimated in order
Category: English for Competitive Exams,   Published by: teswesm
MCQs:  In the question below, there is a sentence with jumbled up parts. Rearrange these parts, which are labelled A, B, C and D to produce the correct sentence. Choose the proper sequence. A flawless half moon…… A) perfect blue sky B) floated in a C) our goodbyes D) on the morning we said
Category: English for Competitive Exams,   Published by: teswesm
MCQs:  In the question below, there is a sentence with jumbled up parts. Rearrange these parts, which are labelled A, B, C and D to produce the correct sentence. Choose the proper sequence. Children who show…… A) their age often turn B) intelligence far beyond C) out to be mediocre D) in adult life
Category: English for Competitive Exams,   Published by: teswesm
MCQs:  In the question below some parts of the sentences in the passage are left blank. Fill them with the best alternative. Soybeans ……. to the legume family. The beans are the …… of the leguminous soybean plants. They can be grown in a variety of soils and in a wide range of …….. 1. (a) adhere (b) contend (c) belong (d) come from 2. (a) seeds (b) offshoot (c) fruits (d) output 3. (a) sunlight (b) weather (c) climates (d) factors
Category: English for Competitive Exams,   Published by: teswesm
MCQs:  Fill in the blanks with the correctly spelled alternative. This is simply not ………..
Category: English for Competitive Exams,   Published by: teswesm
MCQs:  Fill in the blanks with the correctly spelled alternative. He admonished her ……....
Category: English for Competitive Exams,   Published by: teswesm
MCQs:  The sentence below is divided into three parts. Identify where the error lies. If there is no error, select the option ‘no error’. Crops are usually growing faster in rainy season than in winter.
Category: English for Competitive Exams,   Published by: teswesm
MCQs:  The sentence below is divided into three parts. Identify where the error lies. If there is no error, select the option ‘no error’. Several people got on a bus and left to Ramgarh.
Category: English for Competitive Exams,   Published by: teswesm
MCQs:  The sentence below is divided into three parts. Identify where the error lies. If there is no error, select the option ‘no error’. I am happy to had been of assistance.
Category: English for Competitive Exams,   Published by: teswesm
MCQs:  The sentence below is divided into three parts. Identify where the error lies. If there is no error, select the option ‘no error’. Between you and I, I think the school will run out of money soon.
Category: English for Competitive Exams,   Published by: teswesm
MCQs:  The question below consists of four sentences marked A, B, C and D. Arrange the sentences in a proper sequence to form a coherent paragraph. A) When French painter Jean Dubuffet mooted the concept of ‘art brut’ in the 1940s, the art of the untrained visionary was of minority interest. B) This genre is described as the art of those who ‘have no right’ to be artists as they have received no formal training, yet show talent and artistic insight. C) From its almost veiled beginnings, ‘outsider art’, has gradually become the fastest growing area of interest in contemporary art internationally. D) Their works are a stimulating contrast to a lot of mainstream offerings.
Category: English for Competitive Exams,   Published by: teswesm
MCQs:  Complete the following sentences with the most appropriate words/phrases with reference to grammar, idioms, proverbs and syntax. My boat was moored ……. an old bathing ghat.
Category: English for Competitive Exams,   Published by: teswesm
MCQs:  Complete the following sentences with the most appropriate words/phrases with reference to grammar, idioms, proverbs and syntax. I looked up and saw a man who seemed half-starved and …………..
Category: English for Competitive Exams,   Published by: teswesm