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MCQs: Which of the following statements are true about P/V ratio?
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MCQs: The P/V ratio can be improved by
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MCQs: Standard costs are better than historical costs because
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MCQs: Which of the following statements are true about Estimated Costs and Standard Costs?
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MCQs: Which of the following statements are true about Standard Costs and Budgetary Control System?
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MCQs: Which of the following statements are true about budget, budgeting & budgetary control?
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MCQs: Budgetary control is used to make cost accounting systematic and reliable.
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MCQs: Which of the following statements are not true about budget, budgeting & budgetary control?
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MCQs: The receipts from dividends, refund of tax, rent, interest etc. are
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MCQs: The receipts from issue of shares, issue of debentures and sale of fixed investments are
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MCQs: Flexible budgeting is used when the supply of material and labor required for production is _____.
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MCQs: Flexible budget is used when
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MCQs: The material usage variance which results due to the difference between standard quantities specified is measured as
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MCQs: In a manufacturing firm, the standard quantity of material was set at 10 kg and standard price was fixed at Rs. 2 per kg. The actual quantity consumed was 12 kg and the actual price paid was Rs 1.90 per kg. Determine material usage variance.
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MCQs: A standard cost card reveals that one unit of Product A needs 2 kg of material X at Rs 10 per kg. During February 800 units of Product A were produced. Actual price paid for material X is Rs 9 per kg and total cost Rs 15,300. Determine material cost variance.
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MCQs: The management auditor’s work begins
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MCQs: In responsibility cost accounting the costs in focus are
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MCQs: The principle of exception with respect to reporting suggests that
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MCQs: Which of the following is true about management accounting?
A) Management accounting is associated with presentation of accounting data.
B) Management accounting is extremely sensitive to investors needs.
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MCQs: John N. Myer stated that vertical and horizontal analysis forms the back-bone of financial statement analysis technique.
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