Top 550+ Solved Management Accounting MCQ Questions Answer
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
Q. Actual Sales=40,000 and Break Even Point =25,000.Calculate Margin of safety(MOS).
a. 65000
b. 15000
c. 40000
d. 25000
Q. What are the sales required to earn a profit of 12,000 if Fixed cost are 22,000 and P/V ratio is 25%.
a. 136000
b. 40000
c. 8500
d. 2500
Q. Actual Sales=80,000,P/V ratio=20% and Fixed cost=10,000.Calculate Profit.
a. 16000
b. 3000
c. 5000
d. 6000
Q. The cost that tends to remain constant irrespective of the level of activity is called_______.
a. Variable cost
b. Fixed cost
c. Total cost
d. All of the above
Q. Cost Accounting restrict itself with _______ transactions.
a. Financial
b. Spot
c. Historical
d. Administrative
Q. Following is (are) the method(s) of measuring labour turnover.
a. Replacement Method
b. Separation Method
c. Flux Method
d. All of the above
Q. Following is (are) the example(s) of semi-variable overheads.
a. Maintenance cost
b. Electricity
c. Health and Accident Insurance
d. All of the above
Q. _________ indicates the financial status of the business at given period.
a. Balance sheet
b. Accounting ledger
c. General ledger
d. All of the above
Q. In Cash budget, Non operating cash inflow include(s)
a. Receipt of loan/borrowings
b. Issue of shares
c. Sale of fixed assets
d. All of the above
Q. Sales Budget is a forecast expressed in -
a. Quantity
b. Money
c. Both (a) and (b)
d. None of the above