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MCQs: Standard costs are useful in
Category: MBA Questions, Published by: teswesm
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MCQs: Which of the following statements are not true?
A) Standard costs are of forward nature while historical costs are actual in nature.
B) Historical costs are useful for control purposes while standard costs are not.
C) Standard cost is an important tool for measurement of operational efficiency while historical costs are not related to operational efficiency.
D) Standard costs are not reasonably attainable ideal costs.
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MCQs: Historical costs have no managerial use because
Category: MBA Questions, Published by: teswesm
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MCQs: According to George R. Terry, _________ may be described as a process of finding out what is being done and comparing actual results with the corresponding budget data in order to approve accomplishment.
Category: MBA Questions, Published by: teswesm
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MCQs: Budget, Budgeting and Budgetary control are one and same thing.
Category: MBA Questions, Published by: teswesm
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MCQs: Which of the following statements are true about budget, budgeting & budgetary control?
Category: MBA Questions, Published by: teswesm
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MCQs: Outstanding expenses and reserve for doubtful debts are shown in cash budget.
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MCQs: The receipts from cash sales, advance from customers, collection from debtors and bills receivable are
Category: MBA Questions, Published by: teswesm
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MCQs: In _________ actual performance can easily be compared due to availability of budgets at different levels of activity.
Category: MBA Questions, Published by: teswesm
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MCQs: Which of the following statements are true flexible budget?
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MCQs: Material cost variances is measured as
Category: MBA Questions, Published by: teswesm
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MCQs: Standard quality must relate to actual output.
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MCQs: The formula to calculate material price variance is
Category: MBA Questions, Published by: teswesm
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MCQs: Management auditing is a part of statutory auditing.
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MCQs: In responsibility accounting, responsibilities of various groups or individuals are identified in terms of
Category: MBA Questions, Published by: teswesm
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MCQs: Which of the following are not covered in managerial reporting?
Category: MBA Questions, Published by: teswesm
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MCQs: The management accounting can be stated an extension of
A) Cost Accounting
B) Financial Accounting
C) Responsibility Accounting
Category: MBA Questions, Published by: teswesm
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MCQs: Which of the following statements are true about Horizontal Analysis?
A) It does not examine the periodical trend.
B) It is useful for long-term analysis.
C) It is useful for long –term planning.
Category: MBA Questions, Published by: teswesm
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MCQs: Which of the following statements are true?
A) Comparative financial statement is an example of horizontal analysis.
B) Trend Analysis is an example of vertical analysis.
C) Cash flow analysis is an example of horizontal analysis.
Category: MBA Questions, Published by: teswesm
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MCQs: Present value tables for annuity cannot be straight away applied to varied stream of cash flows.
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