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

From 46 to 60 of 187

Q. ……is the value of a benefit where no actual cost is incurred.

a. imputed

b. sunk

c. out of pocket

d. none of these

  • a. imputed

Q. ………..is the cost which involves payment to outsiders.

a. out of pocket cost

b. imputed cost

c. notional cost

d. none of these

  • a. out of pocket cost

Q. ……………is the maximum possible alternative earning that might have beenearned if the productive capacity is put to some alternativeuse.

a. opportunity

b. incremental revenue

c. alternative revenue

d. none of these

  • a. opportunity

Q. An item of cost that is direct for one business may be ......................for anotherbusiness.

a. important

b. direct

c. indirect

d. none of the above.

  • c. indirect

Q. The total of all direct expenses is known as ................... cost.

a. prime

b. works

c. production

d. both a & b

  • a. prime

Q. ................ costs are partly fixed and partly variable in relation to output.

a. variable

b. fixed

c. semi-variable

d. both a & b

  • c. semi-variable

Q. An opportunity cost is …………………..

a. the advantage foregone

b. the cost

c. the income

d. none of the above.

  • a. the advantage foregone

Q. Works cost is a total of………………

a. indirect material, indirect labour

b. direct material, direct labour, direct or chargeable expenses and works expenses

c. direct material, direct labour

d. indirect material, indirect labour, indirect expenses

  • b. direct material, direct labour, direct or chargeable expenses and works expenses

Q. An opportunity cost does not involve…………

a. cash outlays

b. direct cost

c. indirect cost

d. none of the above

  • a. cash outlays

Q. Variable costs change..................................with change in output.

a. proportionately

b. inversely

c. disproportionately

d. sometimes

  • a. proportionately

Q. Fixed cost per unit................................... with increase in output.

a. decreases

b. increases

c. changes

d. sometimes

  • a. decreases

Q. Depreciation is… ........................expenditure.

a. fixed

b. variable

c. adjustable

d. semi-variable

  • d. semi-variable

Q. Out of pocket costs involve payment to …………………

a. outsiders

b. self

c. employees

d. none of the above

  • a. outsiders

Q. Added value is the change in…………………

a. market value

b. cost

c. income

d. none of the above.

  • a. market value
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