Management Accounting Test Questions

Q.  Control reports come in the category of routine reports.

a. True
b. False


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  ___________ is not suitable where selling price is determined on the basis of cost-plus method.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  While making a pricing decision under Special price, if price is greater than marginal cost,
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  ABC Ltd manufactures a single product and sales for Rs 30 per unit. There is increased demand of the product. The Direct Material is Rs 8, Direct labour (2 hours) is Rs 4 and Variable overheads is Rs 4. The labour force is working at full capacity and no extra time is available. Mr. X has approached ABC Ltd with a request for manufacture special order at Rs 8,000. Also, 600 hours labour will be required and cost of the order will be Rs 3000 for Direct Material. Variable overhead per hour will be Rs 2. Should the order be accepted? Why?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The few items of fixed costs which can be saved or eliminated by suspending the trading activities are
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  While taking shut-down decisions, the amount of contribution should be compared with
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  A decision regarding temporary closure should be made on
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  When the temporary closure is warranted by the off-season, shut-down point is calculated as
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Given fixed expenses Rs 20,000 and variable expenses of 10,000 units and 15,000 units are Rs 30,000 and Rs 45,000 respectively. Determine Differential cost, Differential cost p.u.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Determine B.E.P in units and amount if Units produced if Rs 10,000, Fixed cost is Rs 40,000, Selling price is Rs 50 per unit and Variable cost us Rs 30 per unit.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Estimate amount of profit if Sales is 10,000 units Fixed cost is Rs 50,000, Variable cost per unit is Rs 12 and selling price per unit is Rs 20.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Calculate B.E.P capacity if Fixed cost is Rs 50,000, percentage of variable cost is 66 2/3% and capacity is Rs 3,00,000.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  When standard costs are used, the amount of detailed record keeping will normally
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following method is based on technique of cash flow statement?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  As per Cash flow method, the amount of expected net operating cash profit during the fiscal is
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The formula to estimate Labour Mix variance is
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Idle hours are not deducted in
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The formula to estimate overhead cost variances is
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  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.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  In a company Department A recorded losses in the first half of the current year. The sale of department is Rs 90,000 and uncontrollable costs are Rs 91,000, Advice the management whether its operations should be continued or terminated.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  _________ is a monthly profit and loss account, wherein the actual results of the concerned month are compared with the budgeted figures of that month.
Category: MBA Questions,   Published by: T-Code Scripts