Top 150+ Solved Accounting for Management MCQ Questions Answer
Q. A cost which changes in proportion to changes in volume of activity iscalled
a. fixed cost
b. controllable cost
c. variable cost
d. opportunity cost
Q. A 'direct' cost is a cost that is classified by:
a. behaviour
b. traceability
c. controllability
d. relevance
Q. A 'product' cost is a cost that is classified by:
a. behaviour
b. function
c. controllability
d. relevance
Q. Which of the following is a period cost?
a. direct materials
b. indirect materials
c. factory utilities
d. administrative expenses
Q. Managerial accounting information is generally prepared for
a. shareholders
b. creditors
c. managers
d. regulatory agencies
Q. Which of the following is not an internal user of management information?
a. creditor
b. department manager
c. controller
d. treasurer
Q. Sales commissions are classified as
a. prime costs
b. period costs
c. product costs
d. indirect labour