Management Accounting Test Questions

Q.  Given Sales is 1,20,000 and Gross Profit is 30,000, the gross profit ratio is

a. 24%
b. 25%
c. 40%
d. 44%


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  Budgets are based on plan estimates and therefore budgeting is an effective substitute for management.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Budgetary control does not depend on changing business situations like inflation and economic recession.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The payment of salary, wages, overheads, cash purchase and payment to creditors are form of
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The payment of income tax, dividend, interest, and donation are examples of
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  In order to prepare a flexible budget, items of anticipated expenditures are classified into _______ classes.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Variable cost is also known as
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The sub-variance of material usage variance, known as Material mix variance is measured as
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  While calculating material mix variance, if revised standard quantity is greater than actual quantity, the variance is
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  If the total actual input of units and total standard input of units is equal, there is no need to calculate revised standard quantity.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Cost audit is a verification of cost records to estimate the ________ efficiency of a business.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The area of focus on responsibility center is
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  _____________ may deal with actual figures against budgeted ones.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Management accounting assists the management
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The 3 Ps, i.e. the three objectives of analysis and interpretation of financial statements are : Progress, Position and Prospects.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following statements are false? A) When all the figures in a balance sheet are stated as percentage of the total, it is termed as horizontal analysis. B) When financial statements of several years are analyzed, it is termed as vertical analysis. C) Vertical Analysis is also termed as dynamic analysis.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Efficient frontier comprises of
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Efficient portfolios can be defined as those portfolios which for a given level of risk provides
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  What will be the Gross Profit if, total sales is Rs 2,60,000, cost of net goods sold is Rs 2,00,000 and sales return is Rs 10,000?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  If selling price is fixed 25% above the cost, the Gross Profit ratio is
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Gross Profit ratio should be adequate to cover
Category: MBA Questions,   Published by: T-Code Scripts