Top 150+ Solved Applied Cost Accounting MCQ Questions Answer
Q. The angle formed at the point of incidence of sales line to total cost…….
a. Angle of incidence
b. break even point
c. Fixed cost
d. total cost
Q. A factor that restrict the activities of a concern ……………..
a. Contribution factor
b. break even point
c. Key factor
d. margin of safety
Q. …….. is method of cost volume profit analysis
a. Budgeting
b. budgetary control
c. Standard costing
d. break even analysis
Q. The additional cost of producing an additional unit is called ……….
a. Fixed cost
b. marginal cost
c. Semi variable
d. none of these
Q. Variable cost can also be called as …………………………
a. Semi variable
b. marginal cost
c. Standard costing
d. fixed cost
Q. Break even units can also be called as ………………………
a. Break even output
b. break even sales
c. Margin of safety
d. contribution
Q. Sales – variable cost = ……………………………………..
a. Marginal cost
b. fixed cost
c. Budget cost
d. contribution
Q. Excess of actual sales over break even sales is …………………
a. Break even unit
b. angle of incidence
c. Margin of safety
d. contribution
Q. The angle formed were the total cost line under sects the sale line is
a. Angle of incidence
b. margin of safety
c. Breakeven point
d. contribution
Q. The cost which varies proportionate to increase in production is …….. cost
a. Fixed
b. variable cost
c. Semi variable cost
d. break even cost
Q. The cost which remains constant with change in level of activities iscalled
a. Variable cost
b. marginal cost
c. Standard cost
d. fixed cost
Q. ……………….. is an angle formed in break even chart
a. Margin of safety
b. angle of incidence
c. Contribution
d. Break even point
Q. …………… is a graphical representation of marginal costing
a. Break even chart
b. angle of incidence
c. Margin of safety
d. none of these
Q. Contract price is fixed in advance
a. Cost plus contract
b. Target costing
c. Fixed price contract
d. Fluctuating contract
Q. Contract price is the cost of work done plus a percentage
a. Cost plus contract
b. target costing
c. Fixed price contract
d. fluctuating contract