Top 150+ Solved Accounting for Management MCQ Questions Answer
Q. When fixed cost is deducted from contribution, the balance will be ……….
a. variable cost
b. profit
c. total cost
d. sales
Q. When sales are Rs.30000 and P/V ratio is 20% then contribution will be….
a. 2000
b. 4000
c. 6000
d. 8000
Q. When fixed costs are Rs.4000 and P/v ratio is 25%, then break even pointwill be …………..
a. 40000
b. 20000
c. 16000
d. 10000
Q. When profit is Rs.5000 and P/v ratio is 20% , Margin of safety is…………
a. 10000
b. 25000
c. 30000
d. 50000
Q. Fixed costs Rs.6000, Profit required Rs.4000 and P/v ratio is 50% , thensales required will be………….
a. 6000
b. 4000
c. 10000
d. 20000
Q. Variable cost ratio is 60% Sales Rs.20000 and fixed cst Rs.5000, thenprofit will be ……..
a. 15000
b. 12000
c. 3000
d. 10000
Q. Responsibility Accounting is also called ……………. Accounting
a. profitability
b. management
c. all of these
d. none of these
Q. In responsibility accounting the organization is divided into different………centers
a. responsibility
b. cost
c. profit
d. none of these
Q. A cost centre is a segment of the organization where the manager isresponsible for …………………..
a. costs
b. inputs
c. a or b
d. none of these
Q. Both costs and revenues are measured in ………………… centers
a. cost
b. profit
c. revenue
d. all of these
Q. A …………….is that factor which causes cost.
a. cost driver
b. profit driver
c. all of these
d. none of these
Q. cost driver for activities is called …………….
a. activity driver
b. expense driver
c. driver
d. none of these
Q. A centre where the manager is responsible for sales is …………..
a. cost centre
b. revenue centre
c. investment centre
d. none of these
Q. The performance of investment centre is based on ……………….
a. cost of the centre
b. profit of the centre
c. profit and investment of the centre
d. revenue of the centre
Q. Responsibility accounting is used for ……………….
a. cost control
b. planning
c. decision making
d. pricing