Management Accounting Test Questions

Q.  Management accounting is related with

A) The problem of choice making
B) Recording of transactions
C) Cause and effect relationships


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


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  Given Sales in first and second year is Rs 80,000 and Rs 90,000 respectively. Also, profit is Rs 10,000 and Rs 14,000 respectively. What is the break-even point in rupees?
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MCQs:  Margin of safety is that sales which is above Break-even point.
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MCQs:  Margin of safety can be increased by
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MCQs:  The standard which can be attained under the most favorable conditions possible.
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MCQs:  ________reflects a level of attainment based on high level efficiency which can be achieved.
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MCQs:  ________ requires constant revision according to the real circumstances.
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MCQs:  ________ is the first step of budgetary system and all other budgets depends on it.
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MCQs:   _______ is designed after assessment of the volume of output to be produced during budget period.
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MCQs:  While preparing direct materials budget, the price and quality of the raw materials are accounted.
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MCQs:  Which of the following statements are true about cash budget?
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MCQs:  A columnar statement is prepared in ________ in which first column shows items of payments and receipts, whereas the other columns represents the amount of payments and receipts in each time break-up of budget period.
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MCQs:  At 50% capacity expenses are Rs 10,000, which increase by 10% between 60% and 80% level of activity and 20% thereafter. These are
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MCQs:  If semi-variable cost at 60% level of production is Rs 40,000 and at 80% level is Rs 44,000. What will it be at 100% level of production?
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MCQs:  When process loss is not given, what should be calculated?
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MCQs:  When actual output is different from standard output, determine
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MCQs:  In case only actual data and standard data are given without any indication of output
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MCQs:  Management auditor should be conversant with the nature of production activities in organization.
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MCQs:  In cost centers manager have no revenue responsibilities.
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MCQs:  On the basis of techniques of preparation, the managerial reports can be classified into
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MCQs:  Management accountancy is a structure for
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