Management Accounting Test Questions

Q.  Budget, Budgeting and Budgetary control are one and same thing.

a. True
b. False


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MCQs:  Which of the following are Non-current assets?
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MCQs:  Cash Flow Statement studies causes of change in working capital.
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MCQs:  _________ reconciles the opening cash balance with the closing cash balance of a given period on the basis of net decrease or increase in cash during that period.
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MCQs:  Which of the following statements are true? A) Cash flow statement is more useful for short term cash planning. B) Funds Flow statement is more useful in planning medium term and long term financing. C) Cash Flow statement discloses the position of liquidity in a better way.
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MCQs:  Fixed expenses decrease per unit with the increases in production and increases per unit with the decrease in production.
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MCQs:  Marginal costs is taken as equal to
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MCQs:  If total cost of 100 units is Rs 5000 and those of 101 units is Rs 5030 then increase of Rs 30 in total cost is
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MCQs:  A box manufacturer discovers that while it costs Rs 6.25 per unit to make a component T the same is available in the market at Rs 5.75 each. There is reliability of regular supply. The breakdown of costs is materials is Rs 2.75 per unit, Labor is Rs 1.75 per unit, Other variable expenses is Rs 0.50 and depreciation and other fixed costs is Rs 1.25. Will you make or buy?
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MCQs:  In marginal costing, profitability of each product is measured on the basis of its
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MCQs:  Which of the following statements are true about differential cost?
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MCQs:  Contribution and profit both are same concepts.
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MCQs:  Which of the following statements are true about contribution?
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MCQs:  Profit-Volume ratio is also known as
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MCQs:  Which of the following statements are true about P/V ratio?
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MCQs:  The P/V ratio can be improved by
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MCQs:  Standard costs are better than historical costs because
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MCQs:  Which of the following statements are true about Estimated Costs and Standard Costs?
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MCQs:  Which of the following statements are true about Standard Costs and Budgetary Control System?
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MCQs:  Which of the following statements are true about budget, budgeting & budgetary control?
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MCQs:  Budgetary control is used to make cost accounting systematic and reliable.
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