Management Accounting Test Questions

Q.  If total cost of 100 units is Rs 5000 and those of 101 units is Rs 5030 then increase of Rs 30 in total cost is

a. Marginal cost
b. Prime cost
c. All variable overheads
d. None of the above


ANSWER: See Answer
 
No explanation is available for this question!
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.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The management auditor’s work begins
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  In responsibility cost accounting the costs in focus are
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The principle of exception with respect to reporting suggests that
Category: MBA Questions,   Published by: T-Code Scripts
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.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  John N. Myer stated that vertical and horizontal analysis forms the back-bone of financial statement analysis technique.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Ratio analysis is an important approach of horizontal analysis.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Risk of two securities with different expected return can be compared with:
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  A portfolio having two risky securities can be turned risk less if
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  While calculating Gross Profit, if net profit is given,
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Gross profit ratio is calculated by
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Given Sales is 1,20,000 and Gross Profit is 30,000, the gross profit ratio is
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Bond, debentures and term loans fall under:
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Funds flow statements are prepared so as to
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  _____ has/have accepted cash flow statement is more useful than funds flow statement, particularly from view of analysis of liquidity of a firm.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Cash Flow Statement is prepared from
Category: MBA Questions,   Published by: T-Code Scripts
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
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Marginal cost is computed as
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Marginal costing is also known as
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following statements are true about marginal costing? A) Marginal costing is not an independent system of costing. B) In marginal costing all elements of cost are divided into fixed and variable components. C) In marginal costing fixed costs are treated as product cost. D) Marginal costing is not a technique of cost analysis.
Category: MBA Questions,   Published by: T-Code Scripts