Top 550+ Solved Management Accounting MCQ Questions Answer

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Q. Calculate Break Even Point in units if Fixed cost is 15,000 ,SP=15 and VC=12

a. 1000 units

b. 1250 units

c. 1500 units

d. 5000 units

  • d. 5000 units

Q. Calculate Profit if Mos=40%,P/v ratio=50% and Actual Sales=10,00,000.

a. 900000

b. 500000

c. 200000

d. 400000

  • c. 200000

Q. At Break even point,Contribution is equal to .

a. Profit

b. Variable Cost

c. Fixed Cost

d. Selling Price

  • c. Fixed Cost

Q. Fixed cost=8000,Profit=5600 .Calculate Contribution.

a. 8000

b. 2400

c. 13600

d. 5600

  • c. 13600

Q. Type of accounting which specialises in providing information about detailed cost of products?

a. Cost Accounting

b. Management Accounting

c. Financial Management

d. Financial Accounting

  • a. Cost Accounting

Q. What is included in scope of management accounting? I)Internal Control II)Budgeting III)Reporting to management IV)Office Services

a. Only II,III,IV

b. ALL I,II,III,IV

c. Only II and IV

d. Only I,II,IV

  • b. ALL I,II,III,IV

Q. Which of the following is the basis of difference between Financial and Management Accounting?

a. Publication and Audit

b. Periodic v/s Continuos reporting

c. Statutory Requirements

d. All of the above

  • d. All of the above

Q. What are the objectives of Cost accounting?I)Cost Ascertainment II)Cost Control

a. Only I

b. Both I & II

c. Only II

d. None of the Above

  • b. Both I & II

Q. The status of management accountant is at what level as compared to cost accountant?

a. Lower

b. Equal

c. Higher

d. No status at all

  • c. Higher

Q. What indicate the relationship of different items of a financial statement with some common item by expressing each item as a percentage of the common item.

a. Comparative Statements

b. Ratio

c. Common size Statements

d. None of the Above

  • c. Common size Statements
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