MBA/MBA Cost and Managerial Accounting Mcq Set 6 Sample Test,Sample questions

Question:
A bill of material serves the purpose of ______________

1.Material requisition

2.stores ledger

3.material issue analysis sheet

4.none of these


Question:
Added value is the change in ______________

1.Market value

2.cost

3.income

4.none of the above.


Question:
An opportunity cost does not involve ______________

1.Cash outlays

2.direct cost

3.indirect cost

4.none of the above


Question:
Bin card is maintained by the ______________

1.Cost accountant

2.Clerk

3.storekeeper

4.branch accountant


Question:
Capacity 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 productionx 100 Budgeted standard hours


Question:
Defectives are that portion of production which can be ______________ at some extra cost of re-operation.

1.Sold

2.rectified

3.purchased

4.none of these


Question:
Each job has a ______________ prepared for it that bears the job number and which is used to collect all cost data relating to job.

1.Job Time Sheet

2.Job Cost Card

3.Job Ticket

4.Job Account


Question:
Equivalent units represent the production of a process in terms of ______________ units.

1.Completed

2.total production

3.semi-finished

4.both a& c


Question:
Fixed cost ______________ in the same proportion in which output changes.

1.does not change

2.changes

3.increases

4.none of these.


Question:
For a work order, standard time and time taken are 20 hours and 15 hours respectively. Time rate being Rs. 2 per hour, total wages payable under Rowan Premium Plan will be ______________

1.40

2.37.50

3.35

4.none of these


Question:
If the present cost of the car is Rs.1,00,000 residual value at the end of the 5th year is Rs.20,000, the monthly depreciation is ______________

1.Rs.20,000

2.Rs.16,000

3.Rs.1,333

4.Rs.17,333


Question:
In case of materials the key factor may be.

1.Insufficient advertising

2.restrictions imposed by quota

3.low market demand

4.shortage of power


Question:
In electricity supply company uses ______________ as cost unit.

1.Kilo watt hour

2.per household

3.voltage

4.none of these


Question:
In inter process profits, the output of one process is transferred from one process to another not at ______________ but at ______________

1.Market price, actual cost

2.Actual cost, market price

3.both a& b

4.none of these


Question:
In ______________, two piece rates are set for each job.

1.Merrick's multiple piece rate system

2.Rowan's Premium Plan

3.Taylor's differential piece rate system

4.none of these


Question:
Last in first out method is suitable in times of ______________

1.Rising prices

2.falling prices

3.fluctuating prices

4.none of these


Question:
Management by exception is exercising control over ______________

1.Costs

2.Favourable items

3.Unfavourable items

4.all of these


Question:
Material control does not cover the following stage.

1.Purchase of materials

2.storing of materials

3.issue of materials

4.production


Question:
Material Costs of each job are de termined from ______________

1.Material requisition notes

2.bill of materials

3.both a & b

4.none of these


Question:
Material usage variance = standard price( ______________ )

1.Standard usage-actual usage

2.Standard unit price-actual unit price

3.Standard quantity

4.Actual quantity


Question:
Material Usage Variance=Material Mix Variance + ______________

1.Material Yield Variance

2.Material cost variance

3.Material price variance

4.Material quantity variance


Question:
Primary packing is an item of ______________

1.Selling overheads

2.prime cost

3.distribution overheads

4.factory overheads


Question:
Qualities demanded from the job holder is technically known as ______________

1.Job description

2.job specifications

3.job evaluation

4.both a & b


Question:
Re-ordering level = Maximum consumption x ______________

1.Average re-order period

2.Maximum usage

3.Maximum re-order period

4.Normal usage


Question:
Service costing is called as ______________

1.Operation costing

2.Operating costing

3.multiple costing

4.none of these


Question:
Standards set provide yardsticks against which ______________ are compared.

1.Budgeted costs

2.Estimated costs

3.Actual costs

4.None of these


Question:
The difference between fixed and variable cost has a special significance in the preparation of

1.Flexible budget

2.master budget

3.cash budget

4.sales budget


Question:
The limitations of ______________ has led to the development of tandard costing system.

1.Historical costing system

2.cost accounting

3.management accounting

4.none of these


Question:
The loss incurred on an incomplete contract is transferred to ______________ account.

1.Costing profit and loss account

2.profit and loss account

3.trading account

4.deferred to next year.


Question:
The method of costing used in a refinery is ______________ costing.

1.Process

2.batch

3.multiple

4.job


Question:
The process costing is not used in one of the following.

1.Chemical

2.textiles

3.cement

4.oil refining


Question:
The type of standard best suitable for cost control purpose is

1.Basic standard

2.Ideal standard

3.Normal standard

4.Expected standard


Question:
Under piece rate system of wage payment, payment is made according to the ______________

1.Quantity of work done

2.time

3.both a&b

4.none of these


Question:
Under step method of re-apportionment of costs of service departments, the cost of last service department is apportioned only to the ______________

1.Production departments

2.service departments

3.both a & b

4.none of these


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

1.Abnormal gain

2.abnormal loss

3.normal loss

4.income


Question:
When factory overhead control account has an ending debit balance, factory overhead was ______________

1.Over applied

2.under applied

3.both a & b

4.none of these


Question:
When ______________ is used on the basis of budgeted overheads and the rate is applied to the actual base, the actual overhead expenses may be different from the charged overheads.

1.A predetermined rate

2.actual rate method of absorption

3.both a & b

4.none of these


Question:
___________ is maintained to know how the worker's time shown by the time card is spent on various jobs.

1.Daily time sheets

2.weekly time sheets

3.job cards

4.none of the above


Question:
____________ is used primarily for control of spare parts.

1.ABC Analysis

2.JIT Inventory System

3.VED Analysis

4.Perpetual Inventory System


Question:
_____________ budget is the most important budget and it forms the basis on which all the other budgets are built up.

1.Production

2.material

3.cash budget

4.sales


Question:
_____________ is the most suitable method in a transport industry.

1.Operation costing

2.Service costing

3.Process costing

4.Job costing


Question:
______________ budget gives an estimate of the anticipated receipts and payment of cash during the budget period.

1.Sales

2.Production

3.Cash

4.Master


Question:
______________ budget gives differentbudgeted costs for different levels of activity.

1.Master

2.Fixed

3.Flexible

4.all of these


Question:
______________ cost is irrecoverable cost.

1.marginal

2.out of pocket

3.Sunk

4.none of these


Question:
______________ costing is a type or technique of costing.

1.Absorption

2.batch

3.multiple

4.job


Question:
______________ determines the priorities of functional budget.

1.Principal Budget Factor

2.Limiting Factor

3.both a & b

4.none of the above.


Question:
______________ expenses are excluded from cost.

1.Normal

2.abnormal

3.both a & b

4.none of these


Question:
______________ expenses are partly fixed and partly variable.

1.All expenses

2.variable

3.fixed

4.semi-variable


Question:
______________ is the oldest branch of accounting.

1.Financial accounting

2.cost accounting

3.management accounting

4.none of these


Question:
______________ obviates the necessity for the physical checking of all items of stores at the end of the year and thereby avoids dislocation of production.

1.ABC Analysis

2.JIT Inventory System

3.VED Analysis

4.Perpetual Inventory System


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  3. MBA Accounting MCQ Question Set 3
  4. MBA Accounting MCQ Question Set 4
  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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