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MCQs: Cost audit is a verification of cost records to estimate the ________ efficiency of a business.
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MCQs: The area of focus on responsibility center is
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MCQs: _____________ may deal with actual figures against budgeted ones.
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MCQs: Management accounting assists the management
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MCQs: The 3 Ps, i.e. the three objectives of analysis and interpretation of financial statements are : Progress, Position and Prospects.
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MCQs: Which of the following statements are false?
A) When all the figures in a balance sheet are stated as percentage of the total, it is termed as horizontal analysis.
B) When financial statements of several years are analyzed, it is termed as vertical analysis.
C) Vertical Analysis is also termed as dynamic analysis.
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MCQs: Efficient frontier comprises of
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MCQs: Efficient portfolios can be defined as those portfolios which for a given level of risk provides
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MCQs: What will be the Gross Profit if, total sales is Rs 2,60,000, cost of net goods sold is Rs 2,00,000 and sales return is Rs 10,000?
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MCQs: If selling price is fixed 25% above the cost, the Gross Profit ratio is
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MCQs: Gross Profit ratio should be adequate to cover
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MCQs: Funds Flow Statement holds significance for
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MCQs: Which statement is prepared in the process of funds flow analysis?
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MCQs: Match the columns
A) Taxes Paid --------------------------------- i) Cash flow from investing activities
B) Repayment of loans ------------------- ii) Cash flow from operating activities
C) Sale of fixed assets -------------------- iii) Cash Flow from financing activities
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MCQs: Cash payment to suppliers for services and goods is example of cash outflow.
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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.
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MCQs: While computing profit in marginal costing
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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.
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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.
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MCQs: While selecting optimum product mix ___________ is the real index of profitability.
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