Top 150+ Solved Cost and Management Accounting (CMA) MCQ Questions Answer
Q. ………………forms part of cost of production.
a. abnormal waste
b. normal waste
c. both a & b
d. none of these
Q. …………does not form part of production.
a. abnormal waste
b. normal waste
c. both a & b
d. none of these
Q. Material losses due to abnormal reasons should be transferredto…………………
a. profit and loss account
b. costing profit and loss account
c. trading account
d. none of these
Q. Defectives are that portion of production which can be.............................at someextra cost of re-operation.
a. sold
b. rectified
c. purchased
d. none of these
Q. Which among the following is not a management accounting technique.
a. stard costing
b. project appraisal
c. marginal costing
d. none
Q. .......................Under marginal costing, …………… costs are treated as periodcosts and charged to profit and loss account for the period for which they are incured.
a. variable cost
b. fixed cost
c. both of these
d. none of these
Q. Under marginal costing, stocks of finished goods and work-in-process are valued at…………….. costs only
a. variable cost
b. fixed cost
c. marginal cost
d. none of these
Q. ……….is the excess of sales over marginal cost of sales
a. profit
b. margin
c. loss
d. contribution
Q. ………..is the practice of charging all costs, both variable and fixed , to operations,processes, or products.
a. marginal costing
b. absorption costing
c. differential costing
d. none of the above
Q. In time wage system, wages are paid according to the……………….
a. production
b. time
c. both a & b
d. none of these
Q. Under piece rate system of wage payment, payment is made accordingto the…………………
a. quantity of work done
b. time
c. both a&b
d. none of these
Q. Taylors differential piece rate system provides for higher rate to …….workers.
a. inefficient
b. efficient
c. both a & b
d. lazy
Q. …………………..is most suitable when quality of work is of primeimportance.
a. piece rate system
b. time wage system
c. both a & b
d. none of these