Top 150+ Solved Cost and Management Accounting (CMA) MCQ Questions Answer
Q. Such expenses which are included (even though they are not incurred)for taking managerial decisions are called………………
a. notional expenses
b. actual expenses
c. imputed
d. none of these
Q. ………expenses are partly fixed and partly variable.
a. all expenses
b. variable
c. fixed
d. semi-variable
Q. Unsuccessful research expenditure should be ......................... costaccounts.
a. excluded from
b. included in
c. apportioned in
d. none of these
Q. Salary paid to general manager is an item of………………expenses.
a. fixed
b. variable
c. semi-variable
d. estimated
Q. Fancy packing is an example of .................. expenses.
a. selling
b. distribution
c. administration
d. factory
Q. Telephone expense is ......................expense.
a. variable
b. semi-variable
c. fixed
d. none of these
Q. Primary packing is an item of ………………
a. selling overheads
b. prime cost
c. distribution overheads
d. factory overheads
Q. The Profit/Volume ratio or marginal ratio expresses the relation of………………
a. profit
b. marginal cost
c. contribution
d. none of these
Q. Which of the following measures helps to increase the P/V Ratio ?
a. increasing the selling price per unit
b. reducing the variable or marginal cost
c. changing the sales mixture
d. all of these
Q. Credit and collection cost is an item of
a. selling overhead
b. office overhead
c. prime cost
d. administrative overhead
Q. Warehousing cost is an item of
a. office overhead
b. distribution overhead
c. material cost
d. works overhead
Q. In................................ each job is a cost unit to which all costs are assigned.
a. batch costing
b. job costing
c. process costing
d. operation costing
Q. Material Costs of each job are determined from……………
a. material requisition notes
b. bill of materials
c. both a & b
d. none of these