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MCQs: Cash payment to suppliers for services and goods is example of cash outflow.
Category: MBA Questions, Published by: T-Code Scripts
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MCQs: For the calculation of cash flow from operating activities, payments and receipts shown in Profit & Loss account are converted into payments and receipts actually in cash.
Category: MBA Questions, Published by: T-Code Scripts
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MCQs: While computing profit in marginal costing
Category: MBA Questions, Published by: T-Code Scripts
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MCQs: Which of the following are the assumptions of marginal costing?
A) All the elements of cost can be divided into fixed and variable components.
B) Total fixed cost remains constant at all levels of output.
C) Total variable costs varies in proportion to the volume of output.
D) Per unit selling price remain unchanged at all levels of operating activity.
Category: MBA Questions, Published by: T-Code Scripts
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MCQs: In two periods total costs amounts to Rs 50000 and Rs 40000 against production of 20000 and 15000 units respectively. Determine marginal cost per unit and fixed cost.
Category: MBA Questions, Published by: T-Code Scripts
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MCQs: While selecting optimum product mix ___________ is the real index of profitability.
Category: MBA Questions, Published by: T-Code Scripts
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MCQs: While selecting optimum product mix,
Category: MBA Questions, Published by: T-Code Scripts
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MCQs: The basic data used for differential cost analysis are
Category: MBA Questions, Published by: T-Code Scripts
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MCQs: Given sales is Rs 2,00,000 and Rs 4,00,000 in year 2013 and 2014 respectively. Profit is Rs (-10,000) and Rs 20,000 in 2013 and 2014 respectively. Compute P/V ratio.
Category: MBA Questions, Published by: T-Code Scripts
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MCQs: Given sales is Rs 2,00,000 and Rs 4,00,000 in year 2013 and 2014 respectively. Cost is Rs 1,40,000 and Rs 2,40,000 in 2013 and 2014 respectively. Compute P/V ratio.
Category: MBA Questions, Published by: T-Code Scripts
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MCQs: A company produces and sells three types of products namely X, Y and Z. Total sales per month is Rs 60,000 in which the share of these three goods are 40%, 40% and 20% respectively. Variable costs of these three goods are 40%, 50% and 60% respectively. Compute combined P/V ratio.
Category: MBA Questions, Published by: T-Code Scripts
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MCQs: Profit on sales is measured as
Category: MBA Questions, Published by: T-Code Scripts
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MCQs: Sales for desired profit is measured as
Category: MBA Questions, Published by: T-Code Scripts
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MCQs: Budgetary control deals with just total variances whereas in standard costing variances are measured for different departments and are disclosed in total for the entity as a whole.
Category: MBA Questions, Published by: T-Code Scripts
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MCQs: Which of the following statements are true about standard costing & budgetary control?
Category: MBA Questions, Published by: T-Code Scripts
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MCQs: To establish an effective system of standard costing it is essential that
A) The technical process of operation should be prone to planning
B) The cost of the products should be given
C) The process or operating costs of products should be provided
D) The standard costing should be consistent with the technical procedure of the production of the specific entity
Category: MBA Questions, Published by: T-Code Scripts
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MCQs: On the basis of period, budgets may be classified into _________ groups.
Category: MBA Questions, Published by: T-Code Scripts
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MCQs: R&D budget and Capital expenditure budget are examples of
Category: MBA Questions, Published by: T-Code Scripts
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MCQs: _______ is prepared for single level of activity and single set of business conditions.
Category: MBA Questions, Published by: T-Code Scripts
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MCQs: The payment made in lieu of purchase of fixed asset is
Category: MBA Questions, Published by: T-Code Scripts
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