Management Accounting Test Questions

Q.  Management accounting is

A) Subjective
B) Objective


a. Only A
b. Only B
c. Both A and B
d. None of the above


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  Given selling price is Rs 10 per unit, variable cost is Rs 6 per unit and fixed cost is Rs 5,000. What is break-even point?
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MCQs:  Contribution is also known as
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MCQs:  Given selling price is RS 20 per unit, variable cost is Rs 16 per unit contribution is
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MCQs:  Standard Costing is more widely applied in job order industries and not suitable for engineering industries.
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MCQs:  Which of the following statements are true about Standard Costing? A) It controls certain elements of cost affecting production and sales. B) It creates cost consciousness among workers. C) It plays no role in forecast of production cost, profit and sales. D) It follows principle of management by exception at operational level.
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MCQs:  As per J. Batty, Standard Cost represents ______under given conditions.
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MCQs:  In forecast, there is a promise or commitment to achieve estimates.
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MCQs:  Which of the following are not the objectives of Budgeting? A) To express the objectives of the firms in qualitative terms. B) To prepare base for evaluation of work performance. C) To co-ordinate organizational and managerial units of the firm. D) To develop a strong appraisal of objectives and policies of firm.
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MCQs:  The process of budgeting does not establish a system of decentralization of authority.
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MCQs:  Cash budget is more helpful in those business concerns where there are
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MCQs:  While preparing a cash budget the focus should be on
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MCQs:  Flexible budget is that budget which presents __________ at various levels of business activity.
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MCQs:  Flexible budget is also known as
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MCQs:  When the actual cost is less than the standard cost, the difference is termed as
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MCQs:  The controllable variances are related with the
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MCQs:  The events like government policies, price rise etc have an impact on controllable variances.
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MCQs:  Management audit is useful for
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MCQs:  Responsibility Accounting is also known as
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MCQs:  Internal reporting provides financial statement and annual accounts.
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MCQs:  The use of management accounting is
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