Management Accounting Test Questions

Q.  If the coupon rate is constant, the value of bond when close to maturity will be

a. Issued value
b. Par value
c. Redemption value
d. All of the above


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  ______ is responsible for setting up of materials price standard.
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MCQs:  Given Production at 60% activity, 600 units, Material Rs 50 per unit, Labour Rs 20 per unit, Direct expenses Rs 5 per unit, Factory overheads Rs 20,000 ( 60% variable) and Administration expenses Rs 15,000 ( 60% fixed). What will be the total cost per unit for production at 80% capacity?
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MCQs:  Match the columns A) Activity Ratio -------------------- i) (Actual hours worked / Budgeted hours) * 100 B) Capacity Ratio ------------------ ii) (Standard hours of actual production / Actual hours worked) * 100 C) Efficiency Ratio ----------------- iii) (Standard hours for actual output / Budgeted hours) * 100
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MCQs:  A factory produces two types of articles Y and Z. Article Y takes 8 hours to make and Z takes 16 hours. In a month ( 25 days * 8 hours) 600 units of X and 400 units of Z are produced. Given budgeted hours 8000 per month and men employed are 50. Determine Activity ratio, Capacity ratio and efficiency ratio.
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MCQs:  Given estimated sales in February, March, April, May and June are Rs 90,000, Rs 96,000, Rs 54,000, Rs 87,000 and Rs 63,000. In case 50% of sales are realized in the next month and balance in the next of next month, determine cash collection from sales in April and May.
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MCQs:  In a firm, the forecast of wages for month of December, January, February and March are Rs 4,800, Rs 6,000, Rs 6,400 and Rs 6,800. The time-lag in payment of wages is 1/8 month. Determine the amount of wages payable in each month January to March.
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MCQs:  To get to labour efficiency variance, the formula to be applied is
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MCQs:  Which of the following statements are true about labour idle time?
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MCQs:  Given standard time per unit is 80 hours, standard time per hour @ Rs 1 per hour, actual time per unit is 90 hours and actual rate per hour @ Rs 1.10 per hour. Determine labour cost variance, labour rate variance and labour efficiency variance.
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MCQs:  Responsibility accounting is not useful in following the principle of management by exception.
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MCQs:  _________ indicates the variances and the reasons behind such variances.
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MCQs:  Management accounting deals with
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MCQs:  Which of the following is true about financial statements? A) Financial statement gives a summary of accounts. B) Financial statements can be stated as recorded facts.
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MCQs:  The statement of financial position and the balance sheet are synonyms.
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MCQs:  Schedules attached with the balance sheet forms a part of the financial statements.
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MCQs:  A bond is said to be issued at premium when
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MCQs:  Value of a bond just depends on the interest payment it offers.
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MCQs:  Debtors Turnover ratio is also known as A) Receivables turnover ratio B) Debtors velocity C) Stock velocity D) Payable turnover ratio
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MCQs:  Determine Debtors turnover ratio if, closing debtors is Rs 40,000, Cash sales is 25% of credit sales and excess of closing debtors over opening debtors is Rs 20,000.
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MCQs:  Working capital turnover ratio can be determined by:
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