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

From 31 to 45 of 187

Q. Fixed cost ...................................in the same proportion in which output changes.

a. does not change

b. changes

c. increases

d. none of these.

  • a. does not change

Q. Administration expenses are mostly……………….

a. semi-variable

b. variable

c. fixed

d. none of these.

  • c. fixed

Q. Abnormal cost is …………………..

a. uncontrollable

b. controllable

c. fixed

d. none of these

  • a. uncontrollable

Q. Cost of production is equal to ……………………

a. works cost plus administration overheads

b. prime cost plus works cost

c. prime cost plus works overhead

d. works overhead plus administration overheads

  • a. works cost plus administration overheads

Q. Variable cost increases with.................. in output.

a. increase

b. decrease

c. increase or decrease

d. none of these.

  • a. increase

Q. Accounting provides information for cost control.

a. financial

b. cost

c. human resource

d. none of these.

  • b. cost

Q. ………is one which can be conveniently identified withand charged to a particular unit of cost.

a. direct cost

b. indirect cost

c. overhead

d. none of these

  • a. direct cost

Q. Cost centre and cost unit are……………………

a. not the same

b. the same

c. not related

d. none of these

  • a. not the same

Q. Fixed cost per unit …………………… with rise in output and ……………with fall in output.

a. decreases, increases

b. increases, decreases

c. is constant, remains same

d. none of the above

  • a. decreases, increases

Q. Period costs charged to……………….

a. cost of production

b. products

c. period

d. none of these

  • c. period

Q. Standard costs is…………………..

a. predetermined cost

b. budgeted cost

c. actual cost

d. none of these

  • a. predetermined cost

Q. .....................…………is the smallest segment of activity or area orresponsibility for which costs are accumulated.

a. cost object

b. cost centre

c. cost driver

d. none of the above

  • b. cost centre

Q. The primary emphasis of.......................... cost is on the planning function ofmanagement.

a. budgeted

b. standard

c. period

d. none of these

  • a. budgeted

Q. ……….cost is irrecoverable cost.

a. marginal

b. out of pocket

c. sunk

d. none of these

  • c. sunk
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