Management Accounting Test Questions

Q.  Setting of standards are classified on the basis of only price.

a. True
b. False


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  Working capital turnover ratio can be determined by:
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Determine Working capital turnover ratio if, Current assets is Rs 1,50,000, current liabilities is Rs 1,00,000 and Cost of goods sold is Rs 3,00,000.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The Balance sheet of Ram at end of 2013 and 2014 disclose investments in shares of Rs 2000 and Rs 3000, respectively. Rs 100 as pre-acquisition dividend has been credited to investments account. Determine purchase of investments.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The balance of fixed assets of Y Ltd. at cost at the end of 2013 and 2014 were Rs 5,70,800 and Rs 6,15,300. During the year 2014 a machinery costing Rs 60,000 was sold. Determine the purchase of fixed assets.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  As per AS-3, Cash Flow Statement is mandatory for A) All enterprises B) Companies listed on a stock exchange C) Companies with a turnover of more than Rs 50 crores
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Listed Enterprises need to prepare Cash Flow Statement only under indirect method.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  In the case of financial enterprises, the cash flow resulting from interest and dividend received and interest paid should be classified as cash flow from
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following are advantages of marginal costing?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Managers utilizes marginal costing for
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The problems associated with marginal costing are
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Under some special circumstances, price may be fixed at below cost too.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  During trade recession, the goods are sold at
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  In certain decision areas like plant closure and change in capacity, ________is more useful.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The profit at the level of existing sales is computed as
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Profit at any level of sales in amount is measured as
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Profit at any level of sales in units is measured as
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  What will be the amount of profit if Fixed cost is Rs 20,000 Sales is Rs 1,60,000 and P/V ratio is 25%?
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Determine amount of profit if Variable costs is Rs 1,20,000 Fixed costs is Rs 40,000 and sales is Rs 2,00,000.
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  The labour engaged in the making of a product is known as _______
Category: MBA Questions,   Published by: T-Code Scripts
MCQs:  Which of the following statements are true about standard labour time?
Category: MBA Questions,   Published by: T-Code Scripts