Top 150+ Solved Cost and Management Accounting (CMA) MCQ Questions Answer

From 166 to 180 of 187

Q. Equivalent units represent the production of a process in terms of…..units.

a. completed

b. total production

c. semi-finished

d. both a& c

  • a. completed

Q. .............……….process loss should be transferred to costing profit & lossaccount.

a. abnormal

b. normal

c. both a& b

d. none of these

  • a. abnormal

Q. The cost of......................process loss is absorbed in the cost of production ofgood units.

a. abnormal

b. normal

c. both a & b

d. none of these

  • b. normal

Q. In inter process profits, the output of one process is transferred fromone process to another not at …………….but at ……………….

a. market price, actual cost

b. actual cost, market price

c. both a& b

d. none of these

  • b. actual cost, market price

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

a. chemical

b. textiles

c. cement

d. oil refining

  • c. cement

Q. …..arises where the actual process loss is less than the normal predeterminedprocess loss.

a. normal loss

b. abnormal loss

c. abnormal gain

d. none of these

  • c. abnormal gain

Q. Budgeting system…................ key managerial functions. School of Distance EducationCost Accounting Page 20

a. dismisses

b. integrates

c. discharges

d. none of these

  • b. integrates
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