Management Accounting Test Questions

Q.  Under High and Low Point method, the output at two different levels is compared with the amount of __________ incurred at these two points.

a. Total fixed costs
b. Total costs
c. Total fixed costs
d. None of the above


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No explanation is available for this question!
MCQs:  Material sub usage variance is calculated when A) When quantity of wastage is not given B) When quality of output is not given C) When price of wastage is not given D) When total cost of output is not given
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MCQs:  Material sub-usage variance is also known as
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MCQs:  Material sub usage variance is measured by using the formula
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MCQs:  Management auditor should be well versed with
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MCQs:  Which of the following is responsibility center?
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MCQs:  On the basis of information contained in the reports, the managerial reporting can be divided into
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MCQs:  Management accounting is related with A) The problem of choice making B) Recording of transactions C) Cause and effect relationships
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MCQs:  Analysis of any financial Statement comprises
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MCQs:  Which of the following statements are true? A) Common-size balance sheet shows relative value of the various items. B) In the common size income statement, each product is represented as a percentage of the net sales figure. C) Common size income statements represent the various elements as a percentage of the gross profit.
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MCQs:  The point of tangency between risk return indifferences curves and efficient frontier highlights:
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MCQs:  A portfolio comprises two securities and the expected return on them is 12% and 16% respectively. Determine return of portfolio if first security constitutes 40% of total portfolio.
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MCQs:  Net operating profit ratio determines ___________ while net profit ratio determines
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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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