MBA/MBA Cost and Managerial Accounting Mcq Set 3 Sample Test,Sample questions

Question:
A bus carries 25 passengers daily for 25 days and its mileage per month is 1000 kms. Its passenger miles are ______

1.30,000

2.12,500

3.20,000

4.25,000


Question:
Administration expenses are mostly ________

1.semi-variable

2.variable

3.fixed

4.None of these.


Question:
An automobile service unit uses ______ costing.

1.specific order

2.batch

3.job

4.contract


Question:
An unfavourable material usage arises because of:

1.Price increase in raw materials

2.Price decrease in raw mateials

3.Less than anticipated normal wastage in the manufacturingprocess

4.More than anticipated normal wastage in the manufacturing process


Question:
Average cost method of valuing material issues is suitable when _______

1.Prices rise

2.prices fall

3.prices fluctuate considerably

4.none of these


Question:
Basis of apportionment of stores service expenses is _______

1.Value of materials consumed

2.units of material consumed

3.products produced

4.None of these


Question:
Calendar Ratio=

1.Number of actual working days in a period x 100 Number of working days in the budget period

2.Actual hours worked x 100 Budgeted hours

3.Standard hours for actual production x 100 Actual hours worked

4.Standard hours for actual production x 100 Budgeted standard hours


Question:
Cash Budget is a ______________ budget.

1.Long term

2.very long term

3.short term

4.very short term


Question:
Cost accounts deal partly with facts and figures and partly with ________

1.Estimates

2.costs

3.income

4.revenue


Question:
Economic Batch Quantity depends on ______ and ______ costs.

1.Material, labour

2.set-up costs, carrying

3.transportation, carrying

4.warehousing, labour


Question:
Expenses incurred during production other than direct materials and direct labour are called _______ factory expenses; those charged to production on estimated basis are called _____

1.Actual, applied

2.applied, actual

3.indirect, direct

4.None of these


Question:
Fancy packing is an example of ______________ expenses.

1.Selling

2.Distribution

3.administration

4.factory


Question:
In transportation costing a composite unit such as ______________ is used.

1.passenger mile/km or Ten kilometer

2.per km

3.per passenger

4.per stop


Question:
In ______________ each job is a cost unit to which all costs are assigned.

1.Batch costing

2.Job costing

3.process costing

4.operation costing


Question:
Inventory turnover ratio = Cost of _______ during the period ÷ Cost of average inventory held during the period.

1.Inventory consumed

2.minimum inventory

3.maximum inventory

4.none of these


Question:
Machine hour rate is obtained by dividing the total running expenses of a machine during a particular period by the ______

1.Number of hours

2.number of products produced

3.number of workers

4.Wages


Question:
Material losses due to abnormal reasons should be transferred to _____

1.Profit and loss account

2.Costing Profit and Loss Account

3.Trading Account

4.none of these


Question:
Material price variance is the difference between standard and actual prices of materials used multiplied by _____

1.Actual quantity of materials used

2.Budgeted quantity of materials used

3.Standard quantity of materials used

4.Either a or b


Question:
Process costing is also known as ______________ costing.

1.Continuous

2.batch

3.multiple

4.job


Question:
Room/day is the cost unit used in ______

1.Hotels

2.hospital

3.schools

4.None of these


Question:
Salary paid to general manager is an item of _______ expenses.

1.Fixed

2.Variable

3.semi-variable

4.estimated


Question:
Standard costing is more widely applied in ______________ industries.

1.Process and engineering

2.jobbing industries

3.construction industry

4.All of these


Question:
Stock Adjustment Account is debited with _______ and credited with ____

1.Surplus, shortage of stock

2.shortage of stock, surplus

3.excess, loss

4.none of these


Question:
Stock verification sheets are maintained to record the results of ______

1.Physical verification

2.financial control

3.financial verification

4.quality verification


Question:
Such expenses which are included (even though they are not incurred) for taking managerial decisions are called _______

1.Notional expenses

2.actual expenses

3.imputed

4.none of these


Question:
Taylors differential piece rate system provides for higher rate to ______ workers.

1.Inefficient

2.efficient

3.both a & b

4.lazy


Question:
The budget relating to ______________ must be prepared first and the other budgets should be prepared in the light of that factor.

1.Limiting factor

2.materials

3.labour

4.production


Question:
The budget that is prepared first of all is _______

1.Cash budget

2.master budget

3.budget for the key factor

4.sales budget


Question:
The cost of _____ process loss is absorbed in the cost of production of good units.

1.Abnormal

2.normal

3.both a & b

4.None of these


Question:
Total Labour cost variance=

1.Standard cost of labour - actual cost of labour

2.Standard rate(standard time for actual output-actual time worked)

3.Standard rate (standard time for actual output- actual time paid for)

4.Actual time taken (standard rate-actual rate)


Question:
Total Material cost variance=

1.Standard cost of materials-actual cost of materials

2.Budgeted cost of materials- actual cost of materials

3.Standard cost of materials-budgeted cost of materials

4.Actual cost of materials- budgeted cost of materials


Question:
Under Merrick's multiple piece rate system, 120% of the ordinary piece rate is given to workers whose level of performance is between _______ of the standard output.

1.83% and 100%

2.100% and 120%

3.0% and 83%

4.None of these


Question:
Under Merrick's multiple piece rate system, ordinary piece rate is given to workers whose level of performance is between _______ of the standard output.

1.0% and 100%

2.0% and 120%

3.0% and 83%

4.none of these


Question:
Warehousing cost is an item of

1.Office overhead

2.distribution overhead

3.distribution overhead

4.works overhead


Question:
When actual loss is _____ than the estimated loss, the difference between the two is considered to be abnormal gain

1.More

2.less

3.higher

4.None of these


Question:
When the completion stage of a contract is less than %, the total expenditure on the contract is transferred to ______________ account.

1.Work-in-Progress

2.Profit and loss account

3.miscellaneous account

4.None of these


Question:
Where raw material is to pass certain stages, before it is converted into finished goods, the method of costing used is ________

1.Job costing

2.Operating costing

3.Process Costing

4.None of these


Question:
Works cost is a total of _________

1.Indirect material, Indirect labour

2.Direct material, direct labour, direct or chargeable expenses and works expenses

3.Direct material, direct labour

4.Indirect material, Indirect labour, Indirect expenses


Question:
______ helps in ascertaining costs beforehand.

1.Financial accounting

2.cost accounting

3.management accounting

4.None of these


Question:
______ is the assessment of the relative worth of jobs within a company whereas ______ is the assessment of the relative worth of man behind the job.

1.Job evaluation , merit rating

2.job analysis, job evaluation

3.job analysis, merit rating

4.None of these


Question:
______ is the value of a benefit where no actual cost is incurred.

1.Imputed

2.sunk

3.out of pocket

4.none of these


Question:
_______ Accounting is not only a positive science but also a normative science because it includes techniques of budgetary control and standard costing.

1.Financial

2.Cost

3.both a & b

4.none of these


Question:
_______ is the amount by which the absorbed overheads fall short of the actual amount of overheads incurred.

1.Over absorption of overheads

2.under absorption of overheads

3.overheads absorption

4.none of these.


Question:
_______ is the consolidated summary of the various functional budgets.

1.Master Budget

2.Sales budget

3.Performance budget

4.Cash Budget


Question:
________ Accounting provides information for cost control.

1.Financial

2.Cost

3.Human Resource

4.None of these.


Question:
________ costing is used in transport undertakings.

1.Process

2.service

3.multiple

4.job


Question:
________ is an example of long-term budget

1.Cash budget

2.Capital expenditure budget

3.Research and development budget

4.Both b & c


Question:
________ is concerned with discovery of facts concerning a job and ______ is concerned with ascertaining the money value of a job.

1.Job description, job evaluation

2.job specifications, job evaluation

3.job analysis, job evaluation

4.none of these


Question:
_________ aids in price fixation.

1.Financial accounting

2.cost accounting

3.management accounting

4.None of these


Question:
_________ arises where the actual process loss is less than the normal predetermined process loss.

1.Normal loss

2.abnormal loss

3.abnormal gain

4.None of these


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  5. MBA Accounting MCQ Question Set 5
  6. MBA Accounting MCQ Question Set 6
  7. MBA Accounting MCQ Question Set 7
  8. MBA Accounting MCQ Question Set 8
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  10. MBA Accounting MCQ Question Set 10
  11. MBA Advertising and Sales Promotion Mcq Set 1
  12. MBA Advertising and Sales Promotion Mcq Set 2
  13. MBA Advertising and Sales Promotion Mcq Set 3
  14. MBA Advertising and Sales Promotion Mcq Set 4
  15. MBA Advertising and Sales Promotion Mcq Set 5
  16. MBA Advertising and Sales Promotion Mcq Set 6
  17. MBA Advertising and Sales Promotion Mcq Set 7
  18. MBA Advertising and Sales Promotion Mcq Set 8
  19. MBA Advertising and Sales Promotion Mcq Set 9
  20. MBA Advertising and Sales Promotion Mcq Set 10
  21. MBA Advertising and Sales Promotion Mcq Set 11
  22. MBA Advertising and Sales Promotion Mcq Set 12
  23. MBA Advertising and Sales Promotion Mcq Set 13
  24. MBA Behavioural and Allied Sciences MCQ Set 1
  25. MBA Behavioural and Allied Sciences MCQ Set 2
  26. MBA Behavioural and Allied Sciences MCQ Set 3
  27. MBA Behavioural and Allied Sciences MCQ Set 4
  28. MBA Behavioural and Allied Sciences MCQ Set 5
  29. MBA Behavioural and Allied Sciences MCQ Set 6
  30. MBA Behavioural and Allied Sciences MCQ Set 7
  31. MBA Behavioural and Allied Sciences MCQ Set 8
  32. MBA Behavioural and Allied Sciences MCQ Set 9
  33. MBA Behavioural and Allied Sciences MCQ Set 10
  34. MBA Brand Management MCQ Set 1
  35. MBA Brand Management MCQ Set 2
  36. MBA Brand Management MCQ Set 3
  37. MBA Brand Management MCQ Set 4
  38. MBA Brand Management MCQ Set 5
  39. MBA Business Communication MCQ Set 1
  40. MBA Business Communication MCQ Set 2
  41. MBA Business Communication MCQ Set 3
  42. MBA Business Communication MCQ Set 4
  43. MBA Business Communication MCQ Set 5
  44. MBA Business Communication MCQ Set 6
  45. MBA Business Communication MCQ Set 7
  46. MBA Business Communication MCQ Set 8
  47. MBA Business Communication MCQ Set 9
  48. MBA Brand Management MCQ Set 10
  49. MBA Brand Management MCQ Set 11
  50. MBA Business Economics MCQ Set 1
  51. MBA Business Economics MCQ Set 2
  52. MBA Business Economics MCQ Set 3
  53. MBA Business Economics MCQ Set 4
  54. MBA Business Economics MCQ Set 5
  55. MBA Business Economics MCQ Set 6
  56. MBA Business Environment MCQ Set 1
  57. MBA Business Environment MCQ Set 2
  58. MBA Business Environment MCQ Set 3
  59. MBA Business Environment MCQ Set 4
  60. MBA Business Environment MCQ Set 5
  61. MBA Business Environment MCQ Set 6
  62. MBA Business Environment MCQ Set 7
  63. MBA Business Environment MCQ Set 8
  64. MBA Business Environment MCQ Set 9
  65. MBA Business Ethics and Governance MCQ Set 1
  66. MBA Business Law Mcq Set 1
  67. MBA Business Law Mcq Set 2
  68. MBA Business Law Mcq Set 3
  69. MBA Business Law Mcq Set 4
  70. MBA Business Law Mcq Set 5
  71. MBA Business Law Mcq Set 6
  72. MBA Business Law Mcq Set 7
  73. MBA Business Law Mcq Set 8
  74. MBA Business Law Mcq Set 9
  75. MBA Business Mathematics Mcq Set 1
  76. MBA Business Mathematics Mcq Set 2
  77. MBA Business Mathematics Mcq Set 3
  78. MBA Business Mathematics Mcq Set 4
  79. MBA Business Mathematics Mcq Set 5
  80. MBA Business Mathematics Mcq Set 6
  81. MBA Business Statistics Mcq Set 1
  82. MBA Business Statistics Mcq Set 2
  83. MBA Computers In Management Mcq Set 1
  84. MBA Computers In Management Mcq Set 2
  85. MBA Computers In Management Mcq Set 3
  86. MBA Computers In Management Mcq Set 4
  87. MAB Cost and Managerial Accounting Mcq Set 1
  88. MBA Cost and Managerial Accounting Mcq Set 1
  89. MBA Cost and Managerial Accounting Mcq Set 2
  90. MBA Cost and Managerial Accounting Mcq Set 3
  91. MBA Cost and Managerial Accounting Mcq Set 4
  92. MBA Cost and Managerial Accounting Mcq Set 5
  93. MBA Cost and Managerial Accounting Mcq Set 6
  94. MBA Cost and Managerial Accounting Mcq Set 7
  95. MBA Cost and Managerial Accounting Mcq Set 8
  96. MBA Cost and Managerial Accounting Mcq Set 9
  97. MBA Cost and Managerial Accounting Mcq Set 10
  98. MBA Cost and Managerial Accounting Mcq Set 11
  99. MBA E-Business MCQ Set 1
  100. MBA E-Business MCQ Set 2
  101. MBA E-Business MCQ Set 3
  102. MBA E-Business MCQ Set 4
  103. MBA English Language MCQ Set 1
  104. MBA English Language MCQ Set 2
  105. MBA Entrepreneurship Management MCQ Set 1
  106. MBA Entrepreneurship Management MCQ Set 2
  107. MBA Entrepreneurship Management MCQ Set 3
  108. MBA Entrepreneurship Management MCQ Set 4
  109. MBA Entrepreneurship Management MCQ Set 5
  110. MBA Entrepreneurship Management MCQ Set 6
  111. MBA Financial Management MCQ Set 1
  112. MBA Financial Management MCQ Set 2
  113. MBA Financial Management MCQ Set 3
  114. MBA Financial Management MCQ Set 4
  115. MBA Financial Management MCQ Set 5
  116. MBA Financial Management MCQ Set 6
  117. MBA Financial Management MCQ Set 7
  118. MBA Financial Management MCQ Set 8
  119. MBA Financial Management MCQ Set 9
  120. MBA Financial Management MCQ Set 10
  121. MBA Financial Management MCQ Set 11
  122. MBA Financial Management MCQ Set 12
  123. MBA Human Resource Management Mcq Set 1
  124. MBA Human Resource Management Mcq Set 2
  125. MBA Human Resource Management Mcq Set 3
  126. MBA Human Resource Management Mcq Set 4
  127. MBA Human Resource Management Mcq Set 5
  128. MBA Human Resource Management Mcq Set 6
  129. MBA Human Resource Management Mcq Set 7
  130. MBA Human Resource Management Mcq Set 8
  131. MBA Insurance and Risk Management Mcq Set 1
  132. MBA Insurance and Risk Management Mcq Set 2
  133. MBA Insurance and Risk Management Mcq Set 3
  134. MBA Insurance and Risk Management Mcq Set 4
  135. MBA Insurance and Risk Management Mcq Set 5
  136. MBA Insurance and Risk Management Mcq Set 6
  137. MBA Management Information Systems Mcq Set 1
  138. MBA Management Information Systems Mcq Set 2
  139. MBA Management Information Systems Mcq Set 3
  140. MBA Management Information Systems Mcq Set 4
  141. MBA Management Information Systems Mcq Set 5
  142. MBA Management Information Systems Mcq Set 6
  143. MBA Management Information Systems Mcq Set 7
  144. MBA Management Information Systems Mcq Set 8
  145. MBA Management Information Systems Mcq Set 9
  146. MBA Marketing Management Mcq Set 1
  147. MBA Marketing Management Mcq Set 2
  148. MBA Marketing Management Mcq Set 3
  149. MBA Marketing Management Mcq Set 4
  150. MBA Marketing Management Mcq Set 5
  151. MBA Marketing Management Mcq Set 6
  152. MBA Marketing Management Mcq Set 7
  153. MBA Marketing Management Mcq Set 8
  154. MBA Marketing Management Mcq Set 9
  155. MBA Marketing Management Mcq Set 10
  156. MBA Marketing Management Mcq Set 11
  157. MBA Marketing Management Mcq Set 12
  158. MBA Marketing Management Mcq Set 13
  159. MBA Media Planning Mcq Set 1
  160. MBA Media Planning Mcq Set 2
  161. MBA Media Planning Mcq Set 3
  162. MBA Media Planning Mcq Set 4
  163. MBA Operations Research Mcq Set 1
  164. MBA Operations Research Mcq Set 2
  165. MBA Operations Research Mcq Set 3
  166. MBA Operations Research Mcq Set 4
  167. MBA Operations Research Mcq Set 5
  168. MBA Organisational Behavior Mcq Set 1
  169. MBA Organisational Behavior Mcq Set 2
  170. MBA Organisational Behavior Mcq Set 3
  171. MBA Organisational Behavior Mcq Set 4
  172. MBA Principles and Practices of Management Mcq Set 1
  173. MBA Principles and Practices of Management Mcq Set 2
  174. MBA Principles and Practices of Management Mcq Set 3
  175. MBA Principles and Practices of Management Mcq Set 4
  176. MBA Principles and Practices of Management Mcq Set 5
  177. MBA Principles and Practices of Management Mcq Set 6
  178. MBA Principles and Practices of Management Mcq Set 7
  179. MBA Principles and Practices of Management Mcq Set 8
  180. MBA Principles and Practices of Management Mcq Set 9
  181. MBA Production and Operations Management Mcq Set 1
  182. MBA Production and Operations Management Mcq Set 2
  183. MBA Production and Operations Management Mcq Set 3
  184. MBA Production and Operations Management Mcq Set 4
  185. MBA Production and Operations Management Mcq Set 5
  186. MBA Production and Operations Management Mcq Set 6
  187. MBA Production and Operations Management Mcq Set 7
  188. MBA Production and Operations Management Mcq Set 8
  189. MBA Production and Operations Management Mcq Set 9
  190. MBA Production and Operations Management Mcq Set 10
  191. MBA System Analysis and Design Mcq Set 1
  192. MBA System Analysis and Design Mcq Set 2
  193. MBA System Analysis and Design Mcq Set 3
  194. MBA System Analysis and Design Mcq Set 4
  195. MBA System Analysis and Design Mcq Set 5
  196. MBA System Analysis and Design Mcq Set 6
  197. MBA System Analysis and Design Mcq Set 7
  198. MBA System Analysis and Design Mcq Set 8
  199. MBA System Analysis and Design Mcq Set 9
  200. MBA Total Quality Management Mcq Set 1
  201. MBA Total Quality Management Mcq Set 2
  202. MBA Total Quality Management Mcq Set 3
  203. MBA Total Quality Management Mcq Set 4
  204. MBA Total Quality Management Mcq Set 5
  205. MBA Total Quality Management Mcq Set 6
  206. MBA Total Quality Management Mcq Set 7
  207. MBA Total Quality Management Mcq Set 8
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