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MCQs: Which of the following statements are not true?
A) Standard costs are of forward nature while historical costs are actual in nature.
B) Historical costs are useful for control purposes while standard costs are not.
C) Standard cost is an important tool for measurement of operational efficiency while historical costs are not related to operational efficiency.
D) Standard costs are not reasonably attainable ideal costs.
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MCQs: Historical costs have no managerial use because
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MCQs: According to George R. Terry, _________ may be described as a process of finding out what is being done and comparing actual results with the corresponding budget data in order to approve accomplishment.
Category: MBA Questions, Published by: T-Code Scripts
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MCQs: Budget, Budgeting and Budgetary control are one and same thing.
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MCQs: Which of the following statements are true about budget, budgeting & budgetary control?
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MCQs: Outstanding expenses and reserve for doubtful debts are shown in cash budget.
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MCQs: The receipts from cash sales, advance from customers, collection from debtors and bills receivable are
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MCQs: In _________ actual performance can easily be compared due to availability of budgets at different levels of activity.
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MCQs: Which of the following statements are true flexible budget?
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MCQs: Material cost variances is measured as
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MCQs: Standard quality must relate to actual output.
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MCQs: The formula to calculate material price variance is
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MCQs: Management auditing is a part of statutory auditing.
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MCQs: In responsibility accounting, responsibilities of various groups or individuals are identified in terms of
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MCQs: Which of the following are not covered in managerial reporting?
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MCQs: The management accounting can be stated an extension of
A) Cost Accounting
B) Financial Accounting
C) Responsibility Accounting
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MCQs: Which of the following statements are true about Horizontal Analysis?
A) It does not examine the periodical trend.
B) It is useful for long-term analysis.
C) It is useful for long –term planning.
Category: MBA Questions, Published by: T-Code Scripts
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MCQs: Which of the following statements are true?
A) Comparative financial statement is an example of horizontal analysis.
B) Trend Analysis is an example of vertical analysis.
C) Cash flow analysis is an example of horizontal analysis.
Category: MBA Questions, Published by: T-Code Scripts
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MCQs: Present value tables for annuity cannot be straight away applied to varied stream of cash flows.
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MCQs: Heterogeneous cash flows can be made comparable by
Category: MBA Questions, Published by: T-Code Scripts
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