Top 550+ Solved Management Accounting MCQ Questions Answer
Q. Which technique used for figures of two or more periods are placed side by side to facilitate easy and meaningful comparisons?
a. Comparative Statements
b. Common size Statements
c. Trend
d. None
Q. Total Assets in 2018 10 lac(Negative );in 2019 15 Lac (Positive).What is the Percentage change?
a. 150%
b. 100%
c. 250%
d. 50%
Q. What is treated as the base in common size P& L statement.
a. RFO
b. Other Incomes
c. Total Income
d. Profit before tax
Q. Working capital=45,000 ,Total Debt=1,00,000 , LT debt=70,000, what is value of Current assets?
a. 30000
b. 15000
c. 25000
d. 75000
Q. If Inventory turnover ratio=5 times,what is avg age if inventory?
a. 73 days
b. 80 days
c. 70 days
d. 69 days
Q. What is formula of Capital employed? I)Shareholder's Funds+Non Current Liabilities II)Total Assets-Current Liabilities III)Non Current Assets-Working capital IV)Total Assets-Total Liabilities
a. Only III and IV
b. Only I,II and III
c. All I,II,III,IV
d. Only I and II
Q. Which items are added in Current year profit to get Net profit before tax.I)Interim dividend II)Provision for tax III)Refund of tax IV)Transfer to reserves
a. All
b. Only III
c. Only II and IV
d. Only I,II and IV
Q. Which are financing activities?I)Issue of shares II)Interest Paid III)Dividend paid IV)Redemption of debentures
a. All
b. Only I,II and IV
c. Only I and IV
d. Only I,III and IV
Q. Which of the following is not the objective of budgetary control? I)Control II)Danger of rigidity III)Motivation IV)Based on estimates
a. Only II
b. Only II and IV
c. Only II,III and IV
d. All I,II,III and IV
Q. Which of the following is the limitation of Zero based budgeting.I)Resist new ideas II)Control on expenditure III)Requires proper training IV)Conflicts
a. All
b. Only I and IV
c. Only III and IV
d. Only I,III and IV
Q. The fixed administration expenses are Rs 50,000 at 10,000 units of production.What will be the per unit fixed cost at 8000 units?
a. Rs 5 per unit
b. Rs 8.33
c. Rs 6.25 per unit
d. Rs 10
Q. Labour Efficiency Variance is the sum total of I)Labour Mix variance II)Labour Cost Variance III)Idle time Variance IV)Labouryield variance
a. Only I and IV
b. All
c. Only II and III
d. Only I,III and IV
Q. Total Actual material is 1250 Kg.The Standard qty of Material A=800Kg and B=400Kg.What is the revised Std qty of A and Brespectively.
a. 825kg,425Kg
b. 950Kg,300Kg
c. 833Kg,417Kg
d. 750Kg,500Kg
Q. AQ=2500Kg ,SP=Rs 2.5,SQ=2400Kg,AP=Rs 3 .Calculate Material Cost variance.
a. 1500 F
b. 1500 A
c. 950 F
d. 950 A