Management Accounting Test Questions

Q.  Contribution is also known as

a. Contribution margin
b. Net Margin
c. Both a and b
d. None of the above


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  Mr. X takes a loan of Rs 50,000 from HDFC Bank. The rate of interest is 10% per annum. The first installment will be paid at the end of year 5. Determine the amount of equal annual installments if Mr. X wishes to repay the amount in five installments.
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MCQs:  If nominal rate of return is 10% per annum and annual effective rate of interest is 10.25% per annum, determine the frequency of compounding:
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MCQs:  Which of the following are limitations of ratio analysis? A) Ratio analysis may result in false results if variations in price levels are not considered. B) Ratio analysis ignores qualitative factors. C) Ratio Analysis ignores quantitative factors. D) Ratio Analysis is historical analysis.
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MCQs:  Which of the following falls under Profitability ratios? A) General Profitability ratios B) Overall Profitability ratios C) Comprehensive Profitability ratios
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MCQs:  Which of the following transactions will result in inflow of funds? A) Issue of debentures B) Conversion of debentures into equity shares C) Redemption of long term loan D) Creation of General Reserve
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MCQs:  During the year, a business was bought by issue of Rs 25,000 debentures and Rs 25,000 shares. The business bought had machine worth Rs 20,000, Debtors Rs 15,000, Stock Rs 5,000 and Creditors Rs 5,000. Determine the effect of this transaction on flow of funds.
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MCQs:  Which of the following statements are true? A) Cash flow reveals only the inflow of cash. B) Cash flow reveals only the outflow of cash. C) Cash flow is a substitute for income statement. D) Cash flow statement is not a replacement of funds flow statement.
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MCQs:  Cash flow statement is based upon _________ while Funds Flow Statement recognizes _______.
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MCQs:  Statement of changes in working capital is prepared separately in
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MCQs:  Absorption costing is used for
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MCQs:  Absorption costs help in
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MCQs:  Which of the following statements are true? A) Absorption costing helps in preparation of fixed budget. B) Absorption costing is dependent on level of level of output. C) Absorption costing is very helpful in taking managerial decisions. D) Absorption costing helps to conform with accrual and matching concept.
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MCQs:  If the management decides to manufacture a product it in own factory, the focus should be on
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MCQs:  If there are large fluctuations in demand, the component should be
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MCQs:  Pertaining to the differential cost systems, which of the following statements are true? A) Differential cost plus differential income shows net loss or net income B) Differential cost is ascertained by comparing total costs of each alternative. C) Differential cost related to differential investments is calculated every time.
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MCQs:  The term marginal cost can be used as a substitute of variable cost while measuring Contribution.
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MCQs:  Determine total as well as per unit contribution if Sales is Rs 40,000, Sales in units is 4,000 and variable cost is Rs 30,000.
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MCQs:  Determine Contribution if Sales is Rs 1,50,000 and P/V ratio is 40%.
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MCQs:  Determine Contribution if Fixed cost is Rs 40,000 and profit is Rs 30,000.
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