Top 150+ Solved Cost and Management Accounting (CMA) MCQ Questions Answer
Q. Given sales = 150000, Fixed costs = 30000, Profit = 40000.The variable cost is
a. 110000
b. 80000
c. 120000
d. 10000
Q. Under Merrick’s multiple piece rate system, 110% of the ordinary piece rate is given to workers whose level of performance is between…….of the standard output.
a. 83% and 100%
b. 100% and 120%
c. 0% and 83%
d. none of these
Q. Under Merrick’s multiple piece rate system, 120% of the ordinarypiece rate is given to workers whose level of performance is between…........................of the standard output.
a. 83% and 100%
b. 100% and 120%
c. 0% and 83%
d. none of these
Q. Under Merrick’s multiple piece rate system, ordinary piece rate is given to workers whose level of performance is between…........................of thestandard output.
a. 0% and 100%
b. 0% and 120%
c. 0% and 83%
d. none of these
Q. In............................................, two piece rates are set for each job.
a. merrick’s multiple piece rate system
b. rowan’s premium plan
c. taylor’s differential piece rate system
d. none of these
Q. Basis of apportionment of stores service expenses is ………………..
a. value of materials consumed
b. units of material consumed
c. products produced
d. none of these
Q. Basis of apportionment of welfare department expenses is…………..
a. wages of each department
b. number of employees
c. materials consumed
d. number of machineries
Q. Basis of apportionment of crèche expenses is ……………..
a. number of employees
b. number of female employees
c. number of male employees
d. both b&c
Q. Under step method of re-apportionment of costs of service departments, the cost of last service department is apportioned only tothe …………..
a. production departments
b. service departments
c. both a & b
d. none of these
Q. Machine hour rate is obtained by dividing the total running expensesof a machine during a particular period by the…………
a. number of hours
b. number of products produced
c. number of workers
d. wages
Q. is the amount by which the absorbed overheads fall shortof the actual amount of overheads incurred.
a. over absorption of overheads
b. under absorption of overheads
c. overheads absorption
d. none of these.
Q. is the excess of overheads absorbed over the actual amountof overheads incurred.
a. over absorption of overheads
b. under absorption of overheads
c. overheads absorption
d. none of these.
Q. When …………………….is used on the basis of budgeted overheadsand the rate is applied to the actual base, the actual overhead expenses may be different from the charged overheads.
a. a predetermined rate
b. actual rate method of absorption
c. both a & b
d. none of these
Q. Expenses incurred during production other than direct materials anddirect labour are called…………..factory expenses; those charged to production on estimated basis are called …………….
a. actual, applied
b. applied, actual
c. indirect, direct
d. none of these
Q. The per unit expense of the ……………portion factory overhead varies with the volume of production while…..........................portion remains thesame with volume.
a. fixed, variable
b. variable, fixed
c. variable, semi-variable
d. none of these