Management Accounting Test Questions

Q.  Management accounting highlights staff relationship with top management as well as other personnel.

a. True
b. False


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No explanation is available for this question!
MCQs:  ABC Ltd manufactures a single product and sales for Rs 30 per unit. There is increased demand of the product. The Direct Material is Rs 8, Direct labour (2 hours) is Rs 4 and Variable overheads is Rs 4. The labour force is working at full capacity and no extra time is available. Mr. X has approached ABC Ltd with a request for manufacture special order at Rs 8,000. Also, 600 hours labour will be required and cost of the order will be Rs 3000 for Direct Material. Variable overhead per hour will be Rs 2. Should the order be accepted? Why?
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MCQs:  The few items of fixed costs which can be saved or eliminated by suspending the trading activities are
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MCQs:  While taking shut-down decisions, the amount of contribution should be compared with
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MCQs:  A decision regarding temporary closure should be made on
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MCQs:  When the temporary closure is warranted by the off-season, shut-down point is calculated as
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MCQs:  Given fixed expenses Rs 20,000 and variable expenses of 10,000 units and 15,000 units are Rs 30,000 and Rs 45,000 respectively. Determine Differential cost, Differential cost p.u.
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MCQs:  Determine B.E.P in units and amount if Units produced if Rs 10,000, Fixed cost is Rs 40,000, Selling price is Rs 50 per unit and Variable cost us Rs 30 per unit.
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MCQs:  Estimate amount of profit if Sales is 10,000 units Fixed cost is Rs 50,000, Variable cost per unit is Rs 12 and selling price per unit is Rs 20.
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MCQs:  Calculate B.E.P capacity if Fixed cost is Rs 50,000, percentage of variable cost is 66 2/3% and capacity is Rs 3,00,000.
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MCQs:  When standard costs are used, the amount of detailed record keeping will normally
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MCQs:  Which of the following method is based on technique of cash flow statement?
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MCQs:  As per Cash flow method, the amount of expected net operating cash profit during the fiscal is
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MCQs:  The formula to estimate Labour Mix variance is
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MCQs:  Idle hours are not deducted in
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MCQs:  The formula to estimate overhead cost variances is
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MCQs:  In a control report of Department X, it is mentioned as indirect materials are Rs 1,000, Indirect labour Rs 900, Overtime Charges Rs 100, Depreciation on equipment Rs 500, Allocated factory overhead (38% of factory space) Rs 4300, Allocated overhead of repair shop is Rs 1200. Determine total costs treating department X as a responsibility center.
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MCQs:  In a company Department A recorded losses in the first half of the current year. The sale of department is Rs 90,000 and uncontrollable costs are Rs 91,000, Advice the management whether its operations should be continued or terminated.
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MCQs:  _________ is a monthly profit and loss account, wherein the actual results of the concerned month are compared with the budgeted figures of that month.
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MCQs:  __________ conveys detailed summary pertaining to various activities of the organization.
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MCQs:  The definition ‘Management Accounting is the presentation of accounting information in such a way as to assist management in the creation of policy and the day-to-day operation of an undertaking.’
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