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MCQs: The material usage variance which results due to the difference between standard quantities specified is measured as
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MCQs: In a manufacturing firm, the standard quantity of material was set at 10 kg and standard price was fixed at Rs. 2 per kg. The actual quantity consumed was 12 kg and the actual price paid was Rs 1.90 per kg. Determine material usage variance.
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MCQs: A standard cost card reveals that one unit of Product A needs 2 kg of material X at Rs 10 per kg. During February 800 units of Product A were produced. Actual price paid for material X is Rs 9 per kg and total cost Rs 15,300. Determine material cost variance.
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MCQs: The management auditor’s work begins
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MCQs: In responsibility cost accounting the costs in focus are
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MCQs: The principle of exception with respect to reporting suggests that
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MCQs: Which of the following is true about management accounting?
A) Management accounting is associated with presentation of accounting data.
B) Management accounting is extremely sensitive to investors needs.
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MCQs: John N. Myer stated that vertical and horizontal analysis forms the back-bone of financial statement analysis technique.
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MCQs: Ratio analysis is an important approach of horizontal analysis.
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MCQs: Risk of two securities with different expected return can be compared with:
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MCQs: A portfolio having two risky securities can be turned risk less if
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MCQs: While calculating Gross Profit, if net profit is given,
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MCQs: Gross profit ratio is calculated by
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MCQs: Given Sales is 1,20,000 and Gross Profit is 30,000, the gross profit ratio is
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MCQs: Bond, debentures and term loans fall under:
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MCQs: Funds flow statements are prepared so as to
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MCQs: _____ has/have accepted cash flow statement is more useful than funds flow statement, particularly from view of analysis of liquidity of a firm.
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MCQs: Cash Flow Statement is prepared from
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MCQs: Which of the following are cash flow from operating activities?
A) Cash Receipts from customers
B) Cash Paid to Supplier and Employees
C) Purchase of fixed assets
D) Sale of fixed assets
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MCQs: Marginal cost is computed as
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