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

From 16 to 30 of 187

Q. …………is not the scope ofCost Accountancy.

a. ascertaining cost

b. cost accounting

c. cost control

d. tax planning

  • d. tax planning

Q. Cost Accounting has been developed becauseof….........................ofFinancial Accounting.

a. limitations

b. advantages

c. both a & b

d. none of these

  • a. limitations

Q. Cost Accountancy is the science, art and ……………….of a costaccountant.

a. practice

b. exercise

c. hard work

d. effort

  • a. practice

Q. Cost accounts deal partly with facts and figures and partly with………

a. estimates

b. costs

c. income

d. revenue

  • a. estimates

Q. Cost accounting provides data for managerial…………….

a. decision making

b. recruitment

c. retrenchment

d. none of the above.

  • a. decision making

Q. Cost accounting is based on…......................figures.

a. estimated

b. historical

c. actual

d. none of these.

  • a. estimated

Q. Cost accounting records both monetary and.......................units.

a. physical

b. cost

c. both a & b

d. none of these.

  • a. physical

Q. The method of costing used in a refinery is… .................. costing.

a. process

b. batch

c. multiple

d. job

  • a. process

Q. ………costing is used in transport undertakings.

a. process

b. service

c. multiple

d. job

  • b. service

Q. The total variable cost.......................................in total proportion to output.

a. increases

b. does not increase

c. decreases

d. none of these.

  • a. increases

Q. Variable cost per unit ……….…………...

a. remains constant

b. varies

c. decreases

d. increases

  • a. remains constant

Q. Sunk costs are.............................for decision-making

a. irrelevant

b. relevant

c. useful

d. none of these.

  • a. irrelevant

Q. Costing and cost accounting are …………...

a. not the same

b. one and the same

c. not related at all

d. none of these.

  • a. not the same
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