Management Accounting Test Questions

Q.  There are ______ types of standard used in the process of establishment of standard costing system.

a. Five
b. Four
c. Three
d. Two


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MCQs:  Operating ratio is calculated by
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MCQs:  Determine Operating ratio, if operating expenses is Rs 60,000, Sales is Rs 9,40,000, Sales Return is Rs 40,000 and Cost of net goods sold is Rs 6,60,000.
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MCQs:  If reserve for bad and doubtful debts is mentioned in the question of Funds Flow Statement Preparation, it can be shown as
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MCQs:  Funds Flow Statement is also known as
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MCQs:  Cash outflow on purchases is calculated by
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MCQs:  The amount of operating expenses which are actually been paid in cash are shown under:
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MCQs:  Given salary expenses Rs 40,000, Outstanding in the beginning of the year: Rs 5,000 and outstanding at the end of the year Rs 10,000. Cash outflow on salary will be:
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MCQs:  In Analytical method of calculating marginal costing, it is determined on the basis of past records.
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MCQs:  Theory of contribution is the excess of sales over variable costs.
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MCQs:  Which of the following statements related to Contribution Analysis are true?
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MCQs:  Marginal costing is helpful in
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MCQs:  The various aspects of a price policy are A) Normal price B) Minimum price C) Depression price D) Special price including dumping
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MCQs:  Differential cost is a part of routine accounting records.
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MCQs:  What will be the B.E.P if Variable cost ratio is 70% and Fixed cost is Rs 36,000.
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MCQs:  Calculate B.E.P if Fixed cost is Rs 1,50,000, Variable cost is Rs 2,00,000 and Profit is Rs 1,50,000.
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MCQs:  Given Sales in first and second year is Rs 80,000 and Rs 90,000 respectively. Also, profit is Rs 10,000 and Rs 14,000 respectively. What is the break-even point in rupees?
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MCQs:  Margin of safety is that sales which is above Break-even point.
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MCQs:  Margin of safety can be increased by
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MCQs:  The standard which can be attained under the most favorable conditions possible.
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MCQs:  ________reflects a level of attainment based on high level efficiency which can be achieved.
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