Management Accounting Test Questions

Q.  Return on any financial asset consists of capital yield and current yield.

a. True
b. False


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MCQs:  Basic standard is established for
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MCQs:  __________ is based on past averages adjusted to anticipated future changes.
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MCQs:  Plant utilization budget and Manufacturing overhead budgets are types of
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MCQs:  _______ provides an estimate of the capital amount that may be required for buying fixed assets needed for meeting production requirements.
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MCQs:  While preparing sales budget, which of the following factors are considered?
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MCQs:  While preparing cash budget from Cash Accounting method,
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MCQs:  The receipts or payments having time lag are not included in cash budget.
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MCQs:  If indirect material at 80% capacity (800 units) is Rs 248, of which variable component is Rs 0.06 per unit, then the amount of indirect material at 100% capacity would be
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MCQs:  Production at 60% capacity 600 units, Materials cost Rs 100 per unit, Labour at Rs 40 per unit and expenses at Rs 10 per unit. Factory expenses are Rs 40,000 (Fixed 40%) and Administration expenses Rs 30,000 (Fixed 60%). What is cost per unit at 60% and 80% capacity?
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MCQs:  Material price, mix, usage and revised quantity variances are measured on _______ basis, whereas material yield variance is measured on _______ basis.
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MCQs:  The data related to Production of T are for material X standard data and actual data are 40 kgs @ Rs 10 and 55 kgs @ Rs 9, respectively. The standard data and actual data for material Y are 50 kgs @ Rs 5 and 35 kgs @ Rs 7. Determine material usage variance.
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MCQs:  Labour cost variance is measured as
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MCQs:  A management auditor can recommend the most suitable system of flow of information _______.
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MCQs:  Contribution margin center is also known as
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MCQs:  On the basis of users the managerial reports are categorized as
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MCQs:  Who coined the concept of management accounting?
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MCQs:  Interpretation of accounts is the
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MCQs:  The term ‘Financial Statement’ covers
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MCQs:  There is no difference between the capital market line and security market line as both the terms are same.
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MCQs:  The value of a bond and debenture is
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