Top 150+ Solved Cost and Management Accounting MCQ Questions Answer
Q. Actual sales Rs .4,00,000; Break-even sales Rs. 2,50,000; Margin of Safety in percentage is _.
a. 33.33%.
b. 66.67%
c. 37.5% .
d. 76.33%.
Q. P/V Ratio 50%; Variable cost of the produce Rs. 25; Selling price is .
a. Rs. 50 .
b. Rs. 40.
c. Rs. 30 .
d. Rs. 55.
Q. Fixed cost Rs. 2,00,000; Sales Rs. 8,00,000; P/V Ratio 30%; the amount of' profit is .
a. Rs. 50,000.
b. Rs. 40,000 .
c. Rs. 35,000 .
d. Rs. 45,000 .
Q. P/V Ratio is 25% and Margin of Safety is Rs; 3,00,000, the amount of profit is .
a. Rs. 1,00,000.
b. Rs. 80,000.
c. Rs. 75,000.
d. . Rs. 60,000.
Q. Total sales Rs. 20,00,000; Fixed expenses Rs. 4,00,000; P/V Ratio 40%; Break-even capacity inpercentage is .
a. 40% .
b. 60% .
c. 50% .
d. 45%.
Q. Break - even point occurs at 40% of` total capacity, margin of safety will be .
a. 40% .
b. 60% .
c. 80% .
d. 85% .
Q. If the P/V Ratio of a product is 30% and selling price is Rs. 25 per unit, the marginal cost of theproduct would be .
a. Rs.18.75 .
b. Rs.16 .
c. Rs. 15 .
d. Rs.20 .
Q. Absorption costing is also known as .
a. historical costing.
b. real costing.
c. marginal costing.
d. real costing .
Q. Under marginal costing stock are valued at .
a. fixed cost.
b. semi-variable cost.
c. variable cost.
d. market price.
Q. The budget is a .
a. a post-mortem analysis .
b. a substitute of management
c. an aid to management
d. calculation .
Q. One of the most important tools of cost planning is .
a. budget.
b. direct cost.
c. unit cost.
d. cost sheet.
Q. Sales budget is a .
a. Functional budget.
b. Expenditure budget.
c. Master budget .
d. Flexible budget.
Q. The budget which usually takes the form of budgeted profit and loss account and balance sheet is known as
a. Flexible budget .
b. Master budget.
c. Cash budget .
d. Purchase budget.
Q. Which of the following is usually a long-term budget?.
a. .Fixed budget.
b. Cash budget.
c. Sales budget
d. Capital expenditure budget.
Q. The fixed-variable cost classification has `a special significance in the preparation of .
a. Capital budget.
b. Cash budget.
c. Master budget .
d. Flexible budget .