Management Accounting Test Questions

Q.  The second term for Horizontal Analysis is

a. Dynamic Analysis
b. Inter-firm Analysis
c. Time-series Analysis
d. All of the above


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No explanation is available for this question!
MCQs:  While measuring break-even analysis, it is considered that during a specific period there will be no change in general price level, i.e., labor, cost of material and other overheads.
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MCQs:  Which of the following are limitations of break-even analysis?
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MCQs:  ___________ can be defined as a system which intends to control the cost of each unit through prior determination of what should be the cost and then its comparison with actual cost.
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MCQs:  Standard costing is the preparation of standard costs and their comparison with _______ and the analysis of ________.
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MCQs:  For the application of standard costing, it is necessary to meet which of following conditions? A) A sufficient volume of standard components or products should be manufactured B) Methods and procedures cannot be controlled C) A sufficient number of costs should be able to be controlled
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MCQs:  Which of the following statements are true?
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MCQs:  The process of budgeting includes
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MCQs:  Which of the following statements are true for forcast and budget?
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MCQs:  As per S.C Kuchhal, Cash budget is a schedule to record ________ over a period with a view to locating the timing and magnitude of cash surplus and shortage.
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MCQs:  Cash budget helps in the formulation of suitable dividend policy.
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MCQs:  ___________ is based on assumption that the firm will carry out its activity only at a specific level and the targets of production determined in budget will be achieved.
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MCQs:  Fixed budget is of much help in the fixation of selling price or calculation of tender price.
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MCQs:  The sum of actual cost and the standard cost is known as variance analysis.
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MCQs:  Which of the following are included in variance analysis?
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MCQs:  General variances are applicable with
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MCQs:  As per Leslie R. Howard, Management audit is an investigation of a business from the __________ in order to ascertain whether sound management prevails throughout.
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MCQs:  As per R.M. Bhandari, __________ is a system under which costs are accumulated and reported at each level of responsibility so that the accounting and cost data may be used by the management at each level in controlling the operations and their costs.
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MCQs:  Management reporting can be performed as
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MCQs:  Management accounting is A) Subjective B) Objective
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MCQs:  The assessment of financial statements by a shareholder is an example of
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