MBA/MBA Cost and Managerial Accounting Mcq Set 4 Sample Test,Sample questions

Question:
A bill of material is prepared in case of a ______________ job

1.Standard job

2.non-standardized job

3.both a & b

4.none of these


Question:
An item of cost that is direct for one business may be _______ for another business.

1.Important

2.direct

3.Indirect

4.none of the above.


Question:
An unfavourable material price variance occurs because of:

1.Price increase in raw materials

2.Price decrease in raw materials

3.Less than anticipated normal wastage in the manufacturing process

4.More than anticipated normal wastage in the manufacturing process


Question:
Basis of apportionment of crèche expenses is _______

1.Number of employees

2.number of female employees

3.number of male employees

4.both b&c


Question:
Budgeting system ______ key managerial functions.

1.Dismisses

2.integrates

3.discharges

4.none of these


Question:
Contract costing is not used in one of the following industries.

1.Ship building

2.Civil Construction

3.Automobiles

4.Construction of Bridges


Question:
Cost Accounting has been developed because of _____ of Financial Accounting.

1.Limitations

2.advantages

3.both a & b

4.none of these


Question:
Cost accounting is based on ______________ figures.

1.Estimated

2.historical

3.actual

4.none of these.


Question:
Cost accounting provides detailed information about ______ of various products, processes, services and operations.

1.Costs

2.income

3.either a or b

4.None of these.


Question:
Cost centre and cost unit are ______

1.not the same

2.the same

3.not related

4.none of these


Question:
Cost of production is equal to ______

1.Works cost plus Administration Overheads

2.Prime cost plus Works cost

3.prime cost plus works overhead

4.works overhead plus administration overheads


Question:
Efficiency 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:
First in first out method of valuing material issues is suitable in times of ______

1.Rising prices

2.falling prices

3.fluctuating prices

4.none of these


Question:
Fixed cost per unit ______ with rise in output and ________ with fall in output.

1.Decreases, increases

2.increases, decreases

3.is constant, remains same

4.none of the above


Question:
Fixed cost per unit _______ with increase in output.

1.decreases

2.increases

3.changes

4.sometimes


Question:
In time wage system, wages are paid according to the __________

1.Production

2.time

3.both a & b

4.None of these


Question:
In transport costing ____ charges vary more or less in direct proportion to kilometers run.

1.Running

2.petrol

3.drivers salary

4.tax


Question:
In ______________ costing where standardized goods or services result from a sequence of repetitive and more or less continuous operations to which costs are collected and averaged over the units produced during the year:

1.Multiple

2.Process

3.Operation

4.single.


Question:
Inflated price method of valuing material issues is suitable when _____

1.Materials are subject to natural wastage

2.prices rise

3.prices fall

4.None of these


Question:
Inventory turnover in days = Days during the period ÷ ________

1.Inventory turnover ratio

2.material consumed during the period

3.cost of average stock during the period

4.none of these


Question:
Material control aims at achieving effective _____

1.Material management

2.quality control

3.accounting of material

4.material supply


Question:
Material Price Variance = Actual Usage ( ______________ )

1.Standard price

2.Standard unit price-actual unit price

3.Actual price

4.Standard usage


Question:
Printers use ______ costing.

1.Batch

2.Process

3.job

4.contract


Question:
Re-ordering level = ________ X Maximum re-order period

1.Average re-order period

2.Maximum usage

3.Maximum consumption

4.Normal usage


Question:
Service costing is not used in one of the following:

1.Electricity

2.Hospitals

3.transport

4.Electronics


Question:
Service costing is used in industries producing _________

1.Products

2.service

3.both a & b

4.None of these


Question:
Standard cost is a ______________ cost

1.Predetermined

2.historical

3.actual

4.final


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

1.Physical verification

2.financial control

3.financial verification

4.quality verification


Question:
Sunk costs are _______ for decision-making

1.irrelevant

2.relevant

3.useful

4.none of these.


Question:
The control ratios used by the management to know whether the deviations of the actual performance from the budgeted performance are favourable or unfavourable are _____

1.Capacity ratio, activity ratio

2.Efficiency ratio, calendar ratio

3.Both a & b

4.None of the above


Question:
The method of costing applied in biscuit industries is ______ costing and in steel industry _______ costing.

1.Job, process

2.job, contract

3.batch, multiple

4.process, operation


Question:
The per unit expense of the ______________ portion factory overhead varies with the volume of production while _____ portion remains the same with volume.

1.Fixed, variable

2.variable, fixed

3.variable, semi-variable

4.none of these


Question:
The quantity of material to be ordered at one time is known as _____

1.Ordering quantity

2.commercial order quantity

3.economic order quantity

4.none of these


Question:
The requirements of a particular job are known as ________

1.Job description

2.job specifications

3.job evaluation

4.Both a & b


Question:
The scope of cost accounting include _______, and ______

1.Cost ascertainment, cost presentation, cost control

2.tax planning, tax accounting, financial accounting

3.presentation of accounting information, creation of policy, day-to day operation

4.none of the above


Question:
The sum of value of work certified and uncertified appearing in the Contract Account is called _____

1.Work in Progress

2.Work in Process

3.Work Completed

4.Work done.


Question:
The ______________ costing is applied when a quantity of similar and identical products are manufactured together as one Job.

1.Job

2.Batch

3.operation

4.output


Question:
Under Merrick's multiple piece rate system, 110% 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:
Unsuccessful research expenditure should be ______ cost accounts.

1.Excluded from

2.included in

3.apportioned in

4.none of these


Question:
Variable costs change _______ with change in output.

1.Proportionately

2.Inversely

3.Disproportionately

4.Sometimes


Question:
Volume variance is divided into ______

1.Capacity variance, calendar variance and Expenditure variance

2.Capacity variance, calendar variance and efficiency variance

3.Capacity variance, expenditure variance and efficiency variance

4.Calendar variance, expenditure variance and efficiency variance


Question:
When 1000 units are 60% complete in a process, it is equivalent to _______ completed units.

1.60

2.600

3.6000

4.1000


Question:
When the actual loss is more than the estimated loss, the difference between the two is considered to be _________

1.Abnormal loss

2.normal loss

3.loss

4.none of these


Question:
Where actual loss in a process is less than the anticipated loss, the difference between the two is considered to be ______

1.Abnormal loss

2.normal loss

3.abnormal gain

4.normal gain


Question:
Where the work is undertaken to Customers' special requirements and each order is of comparatively short-duration, it is called _____ costing.

1.Job

2.batch

3.operation

4.output


Question:
____ is an example of short-term budget

1.Cash budget

2.Capital expenditure budget

3.Material budget

4.Both a & c


Question:
_____ budget is designed to remain unchanged irrespective of the volume of output or turnover attained.

1.Master

2.Fixed

3.Flexible

4.All of these


Question:
______ are costs which have been applied against revenue of particular accounting period.

1.Expenses

2.income

3.loss

4.None of these


Question:
______ is the maximum possible alternative earning that might have been earned if the productive capacity is put to some alternative use.

1.Opportunity

2.incremental revenue

3.alternative revenue

4.none of these


Question:
__________ is not the scope ofCost Accountancy.

1.Ascertaining cost

2.cost accounting

3.cost control

4.tax planning


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  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
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  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
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