Management Accounting Test Questions


Q.  The objective of wealth maximization takes into account

a. Amount of returns expected
b. Timing of anticipated returns
c. Risk associated with uncertainty of returns
d. All of the above


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  Cash budget deals with historical data whereas Cash Flow Statement deals with future data.
Category: MBA Questions,   Published by: teswesm
MCQs:  Variable overhead variance is represented by expenditure variance only.
Category: MBA Questions,   Published by: teswesm
MCQs:  If the actual output is more than the budgeted output, volume variance is
Category: MBA Questions,   Published by: teswesm
MCQs:  The capacity variance arises when
Category: MBA Questions,   Published by: teswesm
MCQs:  Analysis of overhead variances can be done by
Category: MBA Questions,   Published by: teswesm
MCQs:  Given budgeted output, number of working days, fixed overheads and variable overheads are 15,000 units, 25, Rs 30,000 and Rs 45,000 respectively. The actual output, number of working days, fixed overheads and variable overheads are 16,000 units, 27, Rs 30,500 and Rs 47,000, respectively. The increase in capacity is 5%. Determine variable overhead expenditure variance and fixed overhead variance, respectively.
Category: MBA Questions,   Published by: teswesm
MCQs:  ABC Ltd is operating a system of standard costing with closing of books done every quarter. The budgeted overheads are Rs 2,55,000. Also, the overhead rate was pre-decided @ Rs 5.1 per labour hours and during a quarter actually used 52,000 labour hours, instead of 51,000 hours. The actual overheads resulted in a rate of Rs 4.9 per labour hours. What is volume variance?
Category: MBA Questions,   Published by: teswesm
MCQs:  Sales margin variance due to volume can be classified into _____parts.
Category: MBA Questions,   Published by: teswesm
MCQs:  The formula to estimate the sales margin variance due to sales mixture is
Category: MBA Questions,   Published by: teswesm
MCQs:  Sales margin variance due to sales quantities is measured as
Category: MBA Questions,   Published by: teswesm
MCQs:  When actual price is higher or lower than the standard price, then it is
Category: MBA Questions,   Published by: teswesm
MCQs:  The corrective actions after the analysis of variances has to be taken by
Category: MBA Questions,   Published by: teswesm
MCQs:  The type of standard that is best suited for cost control objective is
Category: MBA Questions,   Published by: teswesm
MCQs:  Volume variance arises when
Category: MBA Questions,   Published by: teswesm
MCQs:  There are three departments A, B and C in a company, The sales of A, B and C are Rs 3,52,000, Rs 2,88,000 and Rs 1,60,000, respectively. The variable costs of A, B and C are Rs 2,40,000, Rs 1,76,000 and Rs 1,44,000 respectively. The direct fixed costs of A, B and C are Rs 28,000, Rs 22,400 and Rs 12,800. Rank the different departments on basis of relative profitability.
Category: MBA Questions,   Published by: teswesm
MCQs:  Which of the following is a kind of information report?
Category: MBA Questions,   Published by: teswesm
MCQs:  ___________ are just income statements, wherein the results of one particular year are compared with the findings of past several years.
Category: MBA Questions,   Published by: teswesm
MCQs:  Analytical reports are based on the ______ comparison of results.
Category: MBA Questions,   Published by: teswesm
MCQs:  A balance sheet is a form of
Category: MBA Questions,   Published by: teswesm
MCQs:  Financial control report comes under
Category: MBA Questions,   Published by: teswesm